Today's Pre-Market Movers and Top Ratings | QCOM, MRNA, LYFT, DJT and More

$Qualcomm (QCOM.US)$ stock rose 7.7% in premarket trading. The company exceeded expectations with its fiscal fourth-quarter earnings, reporting adjusted earnings of $2.59 per share and $10.24 billion in revenue, a 19% increase from last year. For the first quarter, Qualcomm forecasts adjusted earnings of $2.95 per share and $10.9 billion in revenue at the midpoint.

$Moderna (MRNA.US)$ shares climbed 10% after the company reported a swing to profit in the third quarter, with revenue increasing 1.7% to $1.86 billion, surpassing estimates of $1.25 billion.

$Applovin (APP.US)$ soared 28% in premarket trading after third-quarter earnings and revenue exceeded Wall Street estimates. The company also forecast fourth-quarter revenue between $1.24 billion and $1.26 billion, surpassing expectations.

$Lyft Inc (LYFT.US)$ stock increased by 22%. third-quarter revenue surged 32%, surpassing expectations, with gross bookings rising 16% to $4.11 billion, exceeding forecasts. The ride-hailing company anticipates fourth-quarter gross bookings between $4.28 billion and $4.35 billion, above the estimated $4.23 billion.

$Arm Holdings (ARM.US)$ surpassed Wall Street forecasts with its fiscal second-quarter earnings, but shares fell 5.6%. The company projected third-quarter revenue between $920 million and $970 million, aligning with consensus estimates of $939 million. The stock has risen 93% this year.

$Trump Media & Technology (DJT.US)$ shares drop 17% in premarket trading after a 5.9% rise on Wednesday following Trump's victory. The stock had surged up to 35% during Wednesday's session.

$SolarEdge Technologies (SEDG.US)$ dropped 20% in premarket trading after reporting third-quarter revenue of $261 million, missing analysts' expectations. On Wednesday, shares fell 22% alongside other clean-energy stocks amid concerns that a Trump presidency could negatively impact renewable energy companies.

$Wolfspeed (WOLF.US)$ shares fell 25% after the wide-bandgap semiconductor developer reported fiscal first-quarter revenue that fell short of expectations. The company projected second-quarter revenue between $160 million and $200 million, below the estimated $215 million.