Check out the companies making headlines before the bell. Starbucks — The coffee chain jumped more than 4% after CEO Brian Niccol said the company’s turnaround plan was ahead of schedule. On top of that, Starbucks reported fiscal third-quarter revenue of $9.5 billion, beating an LSEG consensus estimate of $9.31 billion. HSBC — Shares dipped nearly 2.6% after HSBC missed second-quarter profit expectations, mostly due to impairment charges tied to its stake in a Chinese bank and loss of income from businesses it disposed in the first half of 2024 . Novo Nordisk — Shares of the Danish pharmaceutical giant slid almost 4%, extending its double-digit slide on Tuesday after the company cut its full-year guidance , citing weaker second-half U.S. sales growth expectations for its blockbuster Wegovy obesity drug. Novo Nordisk also announced a new CEO in an attempt to revive falling sales and tackle increasing competition. Bank of America downgraded the stock to neutral . Teladoc Health — Shares rose 2.3% after the telehealth provider posted second quarter results that topped expectations. Teladoc Health reported a loss of 19 cents per share, narrower than the loss of 26 cents per share anticipated by analysts polled by FactSet. Revenue of $631.9 million exceeded the consensus estimate of $622.6 million. Mondelez International — The snack and confectionary maker slipped 1% after posting second-quarter organic growth and gross margin numbers that fell short of analyst expectations. However, Mondelez reported second-quarter earnings and revenue that came ahead of Wall Street consensus. Qorvo —The semiconductor company popped nearly 10% after the company’s guidance topped expectations. Qorvo anticipates adjusted earnings of $2 per share on revenue of about $1.025 billion for its fiscal second quarter. Analysts polled by LSEG expected guidance of $1.61 in earnings per share and $957 million in revenue. First-quarter results also beat analysts’ estimates. LendingClub — Shares of the online bank rallied more than 23% on the back of its strong financial results for the second quarter, buoyed by a 32% increase in the value of loan originations versus a year ago. LendingClub posted earnings of 33 cents per share on revenue of $248.4 million, while analysts polled by LSEG expected the company to earn 15 cents per share on revenue of $228 million. Visa — The credit card company saw shares falling 1.5% in premarket after the firm reaffirmed full-year 2025 guidance of low double-digit net revenue growth. Visa did beat expectations on the top and bottom lines in the fiscal third quarter, however. Peloton — The exercise equipment maker jumped nearly 7% after UBS upgraded shares to buy from neutral and signaled the stock could nearly double from current levels . — CNBC’s Lisa Han, Alex Harring, Yun Li, Sarah Min, and Michelle Fox contributed reporting.
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