Premarket Movers|Rivian Soars 16%; Roku Pops 13%; Applied Materials Up 12%; Coinbase Rises 3%; Pinterest Sinks 19%; DraftKings Drops 15%; Expedia Down 6%

Tiger Newspress
Feb 13

Rivian's results beat Wall Street targets and the electric vehicle maker stoked expectations for its rival to Tesla's best-selling Model Y, saying its new, more affordable R2 SUVs would drive a 53% jump in 2026 deliveries. Shares of the company surged 16% in premarket trading.

Applied Materials forecast second-quarter revenue and profit above market estimates, betting on a boom in demand for AI processors and a worldwide memory shortage to help drive sales of its chipmaking equipment. The company's shares rose 12% in premarket trading.

Roku forecast annual revenue above Wall Street estimates, betting on a rebound in the digital advertising market and a broader shift to ad-based streaming, sending its shares up 13% in premarket trading.

Coinbase posted a surprise quarterly loss, marking its first since the third quarter of 2023, as the cryptocurrency exchange was hit by weaker trading volumes during a period of broad digital-asset selloff. The shares rose 3% in premarket trading.

Online travel platform Expedia forecast 2026 gross bookings and revenue above Wall Street expectations, betting on strong demand from business clients. While Expedia shares dropped 6% in premarket trading.

Online betting company DraftKings issued a 2026 forecast for sales and profit that fell short of Wall Street estimates, sending the stock tumbling 15% in premarket trading.

Pinterest forecast first-quarter revenue below estimates, underscoring the image-sharing platform's ongoing struggle to compete for advertising dollars against deep-pocketed platforms, sending its shares down 19% in premarket trading.

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