Check out the companies making headlines before the bell: Under Armour — The retail stock tumbled 21% after the American sportswear company posted first-quarter results that missed estimates. Under Armour reported adjusted earnings of 2 cents per share, lower than the FactSet consensus estimate of 3 cents per share. Revenue of $1.10 billion came in below the $1.13 billion expectation. Trade Desk — Shares tumbled 33%. A slew of Wall Street firms including Bank of America and MoffettNathanson downgraded the stock, even after Trade Desk’s surprisingly strong earnings results, after CEO Jeff Green warned during the earnings call that “some of the world’s largest brands are absolutely facing pressure” from tariffs and inflation. Viavi Solutions — Shares soared 20% following the network test and equipment manufacturer’s fiscal fourth-quarter financial results. Viavi topped analysts’ earnings and revenue expectations, according to FactSet, and guided for current-quarter earnings and revenue above forecasts. Wynn Resorts — The resort and casino company shed more than 1% following its disappointing second-quarter results. Earnings were $1.09 per share, falling short of the $1.21 per share expected from analysts polled by LSEG. Revenue came in at $1.74 billion, versus the $1.75 billion consensus estimate. Yelp — Shares fell 6% after the restaurant review service narrowed its full-year revenue guidance to a range of $1.465 billion to $1.475 billion. The company previously called for revenue to land between $1.465 billion and $1.485 billion. The new outlook is also below the FactSet consensus estimate of $1.48 billion. LegalZoom.com — Shares of the artificial intelligence stock surged 32% after Bank of America upgraded it to buy from underperform and raised its price target on the stock, suggesting it can jump another 43% from current levels. Expedia — The travel booking website surged more than 15% after Expedia’s second-quarter earnings and revenue topped expectations. The company also raised full-year bookings and revenue guidance. Maplebear — Shares of the grocery delivery company, which does business as Instacart, rallied more than 9% after reporting second-quarter results that topped expectations. Instacart earned 41 cents per share on revenue of $914 million. Analysts polled by LSEG expected it would earn 38 cents per share on $896 million in revenue. The company also expects the gross value of transactions in the current quarter to be higher than analysts are predicting. Figs — Shares soared 8% after the scrubs maker posted second-quarter earnings that bested analysts’ expectations. Figs reported earnings of 4 cents per share on revenue of $152.6 million. Analysts polled by FactSet forecast 2 cents in earnings per share and $144.2 million in revenue. Block — The Cash App parent’s shares popped 8% after the company raised its guidance for full-year gross profit to $10.17 billion, representing 14% growth from a year earlier. In its prior earnings report, Block projected gross profit for the year of $9.96 billion. Microchip Technology — Shares dropped 4% after the semiconductor manufacturer issued guidance that failed to impress Wall Street. Microchip called for fiscal second-quarter adjusted earnings of 30 cents to 36 cents per share, while FactSet consensus estimates sought 31 cents per share. Revenue is expected to range between $1.11 billion and $1.15 billion, versus analysts’ prediction of $1.13 billion. Pinterest — The visual media platform fell 28% after reporting 33 cents in adjusted earnings per share for the second quarter, missing the consensus estimate of 35 cents a share from analysts polled by LSEG. Revenue came in at $998 million, higher than the $975 million penciled in by Wall Street. Sweetgreen — The salad chain sank 28% after its second-quarter earnings and revenue missed analysts’ expectations. Sweetgreen also slashed its full-year revenue guidance to $700 million to $715 million. That is down from its prior guidance of $740 million to $760 million. Doximity — Shares rallied almost 9% after Doximity on Thursday said it is acquiring startup Pathway Medical for $63 million. The medical network platform also reported fiscal first-quarter results that topped estimates. Earnings of 36 cents per share exceeded the consensus estimate of 30 cents, according to LSEG. Revenue of $145.9 million topped the $139.5 million consensus estimate. MP Materials — The rare earths materials stock jumped 9% after stronger-than-expected second-quarter earnings. MP Materials posted a loss of 13 cents per share, narrower than the expected loss of 20 cents per share, according to FactSet. Revenue of $57.4 million exceeded the $46.1 million consensus estimate. Monster Beverage — Shares of the energy drink company climbed 8% after Monster Beverage topped second-quarter expectations. The company posted adjusted earnings of 52 cents per share on revenue of $2.11 billion. Analysts polled by FactSet anticipated earnings of 48 cents per share on revenue of $2.08 billion. Take-Two Interactive Software — The video game producer added more than 4% after posting fiscal first-quarter revenue of $1.42 billion, exceeding the $1.31 billion expected by analysts polled by LSEG. The company also raised its annual bookings forecast. Gilead Sciences — Shares gained more than 4% after Gilead Sciences reported surprisingly strong second-quarter results. Adjusted earnings of $2.01 per share topped the $1.96 LSEG consensus estimate. Revenue of $7.08 billion came in above the forecast $6.97 billion. Tripadvisor — Shares of the online travel company popped rose more than 3% after the company posted adjusted earnings of 46 cents per share, which topped estimates. On the other hand, revenue of $529 million disappointed expectations. — CNBC’s Michelle Fox, Alex Harring and Tanaya Macheel contributed reporting.
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