Warner Bros, Arm and Peloton fall premarket; Tapestry, Kenvue rise

Published 05/08/2025, 07:56 AM
© Reuters

Investing.com -- U.S. stock futures rose strongly Thursday on hopes that a trade deal between the U.S. and the U.K., as well as talks could reduce uncertainty surrounding global trade policies.

Here are some of the biggest premarket U.S. stock movers today:

  • Warner Bros Discovery (NASDAQ:WBD) stock fell 2.2% after the media giant missed first-quarter revenue estimates, weighed down by a lack of big box office hits and weakness in its traditional TV business.

  • Arm Holdings (NASDAQ:ARM) stock dropped 7.7% after the chip technology provider issued a weak revenue forecast, warning about a hit from tariffs-driven economic uncertainty.

  • AppLovin (NASDAQ:APP) stock soared 13% after the mobile technology company topped expectations with its latest quarterly results and announced that it’s agreed to sell its mobile gaming business.

  • Kenvue (NYSE:KVUE) stock rose 4.7% after the consumer health company beat first-quarter expectations, as strong demand for its self-care products including cough and cold medicines Tylenol and Benadryl helped offset a fall in demand for its skin health and beauty products.

  • Restaurant Brands (NYSE:QSR) stock fell 0.2% after it missed first-quarter revenue and profit estimates, hurt by sluggish demand at its restaurant chains such as Burger King and Tim Hortons.

  • Crocs (NASDAQ:CROX) stock rose 4.4% after the casual footwear company reported better-than-expected first quarter earnings and revenue, but withdrew its full-year 2025 guidance due to macroeconomic uncertainties.

  • Peloton (NASDAQ:PTON) stock fell 3.4% after the fitness company reported a loss in the third quarter, even as it raised its 2025 revenue forecast, banking on an increase in subscriptions for its instructional videos to offset slowing demand for its exercise equipment.

  • Tapestry (NYSE:TPR) stock soared 7.2% after the owner of fashion brands like Coach and Kate Spade raised its annual outlook following a beat in the fiscal third quarter.

  • Krispy Kreme (NASDAQ:DNUT) stock slumped 24% after the donut chain reported first quarter results that fell short of analyst expectations and provided soft guidance for the current quarter.

  • Molson Coors (NYSE:TAP) stock fell 5.9% after the brewer reported disappointing first-quarter earnings and lowered its full-year outlook, citing the impact from the uncertain global macroeconomic environment.

  • Match Group (NASDAQ:MTCH) stock rose 4.5% after the Tinder parent forecast second-quarter revenue above expectations and said it would reduce 13% of its workforce to cut costs.

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