Check out the companies making the biggest moves in pre-market trading: Biogen — Shares rose 4% after the biopharmaceutical company announced its experimental drug for Alzheimer’s disease would advance to Phase 3 trials, even though it missed the main goal of Phase 2 trials. Biogen said the drug showed effects on cognitive function. Versant Media Group – Shares rose 14.5% after the company reported revenue growth across its content licensing and digital platforms in the first quarter, despite overall revenue declines due to continued declines in the linear distribution of its pay TV networks and advertising business. Adjusted EBITDA also came in at $704 million, beating expectations of $608 million, according to analysts surveyed by FactSet. Yeti Holdings — The outdoor products company rose 10% after first-quarter sales and bottom line growth. Yeti reported adjusted earnings of 26 cents per share, compared to the 18 cents expected by analysts surveyed by FactSet. Revenue was $380.4 million, also beating the consensus estimate of $374.7 million. Bullish — Cryptocurrency exchanges are down 9% after disappointing results in the first quarter. Bulls reported adjusted net income of $20.3 million, missing analysts’ expectations of $23.9 million, according to FactSet. Adjusted revenue was $92.8 million, compared to the consensus estimate of $94.9 million. Cisco Systems — Shares rose 15% after the software giant reported third-quarter results and guidance that beat Wall Street expectations. Cisco expects adjusted earnings for the current quarter to be in the range of $1.16 to $1.18 per share on revenue of $16.7 billion to $16.9 billion. Analysts had expected LSEG to report adjusted earnings of $1.07 per share on revenue of $15.82 billion. Cisco also beat Wall Street expectations for both revenue and bottom line last quarter and announced about 4,000 job cuts. StubHub — The ticketing company soared 14% after reporting first-quarter revenue of $446 million and adjusted EBITDA of $72.1 million. Analyst estimates compiled by LSEG were for sales of $432 million and EBITDA of $65.1 million. Doximity — Shares fell 23% after the healthcare digital platform provider released earnings guidance for the quarter and full year that fell short of analysts’ expectations, according to LSEG. Doximity’s fourth-quarter adjusted earnings were 26 cents a share, also below analysts’ expectations of 28 cents. Jack in the Box — The fast-food stock rose 4% after Jack in the Box’s second-quarter adjusted EBITDA of $51.3 million, beating analysts’ expectations of $50.3 million, according to FactSet. However, the company’s adjusted profit and sales fell short of consensus estimates. Nvidia — The United States has authorized the sale of Nvidia’s H200 AI chip to about 10 Chinese companies, Reuters reported, citing sources. According to the report, no deliveries have been made so far. The stock rose 2%. Honda Motor — The auto giant posted its first annual loss in nearly 70 years as it cost $9 billion to restructure its electric vehicle business. However, the full-year outlook for 2027 exceeded expectations, and the company maintained its dividend. U.S.-listed stocks rose 3%. Viking Holdings — The cruise company rose 3.4% on first-quarter revenue of $1.05 billion, beating the $1.01 billion expected by analysts surveyed by FactSet. Viking reported a loss of 11 cents per share, matching expectations. Klarna — Shares rose 16% after the global payments company reported first-quarter revenue of $1 billion, beating analysts’ estimates of $944.1 billion, according to FactSet. Klarna recorded an operating profit of $17 million. It’s unclear whether this will match the consensus estimate of $15.6 million. — Lisa Kailai Han and Davis Giangiulio contributed reporting. Disclosure: Versant Media is the parent company of CNBC.
