Newsbite analysis · Business, FinTech
CNBC
Stocks making the biggest moves premarket
SpaceX's first quarterly report since going public has led to an 11% drop in its stock despite revenue beating expectations. In contrast, the pharmaceutical company Eli Lilly jumped over 6.5% after raising its annual revenue guidance driven by demand for its weight loss and diabetes medications. Other notable moves included Arista Networks gaining 12% after surpassing earnings estimates and Disney seeing a slight uptick despite mixed fiscal results.
MonitorConfidence: HighImmediate horizon
Published 5 Aug 2026, 11:55 UTC5 min read
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Brief
NewsBite reading:SpaceX and Eli Lilly Lead Morning Stock Movements
TL;DR
- SpaceX reported capital expenditures of $18.37 billion, up 550% year-over-year.
- Eli Lilly raised its revenue guidance for 2026 due to heightened demand for its drugs.
- Disney's revenue missed expectations but earnings per share exceeded forecasts.
- Arista Networks' second quarter results topped estimates with adjusted earnings at $1.02 per share.
- AMD's stock dropped 8.5% despite slightly beating earnings estimates.
Interesting facts
- Circle Internet Group doubled its revenue guidance, impacting its stock positively.
- Wynn Resorts' shares jumped 5% as its earnings exceeded LSEG consensus estimates.
- Teradata's stock plummeted 13% due to disappointing third-quarter guidance.