Biggest stock movers today: Amazon, DraftKings, Booking Holdings and more
Pgiam/iStock via Getty Images
Stock futures are up in premarket trading on Friday as market participants review big tech profits ahead of key jobs data.
Here are some of Friday's biggest stock movers in premarket trading:
Biggest stock gainers

Shares of Booking Holdings (NASDAQ:BKNG) surged more than 12% after the company booked an upbeat Q2 due to robust leisure travel demand. Room nights booked increased 9% Y/Y.

Amazon (NASDAQ:AMZN) shares jumped 8% after the e-commerce giant reported upbeat Q2 results. The company's operating income was reported at $7.68B in comparison to the consensus mark of $4.717B and the company's guidance range of $2B to $5.5B. For Q3, the company anticipates revenue in the range of $138B to $143B vs. $138.29B consensus and, operating income of $5.5B to $8.5B vs. $5.405B consensus.
Tupperware (NYSE:TUP) rose more than 60% after reaching a debt restructuring agreement with its lenders, four months after the company expressed major concerns about its ability to continue as a going concern. The agreement comprises a reduction/reallocation of ~$150M in cash interest and fees; an extension of the maturity of $348M in principal and reallocated interest to FY27 (with payment-in-kind interest); a reduction in amortisation payments of ~$55M; and immediate access to a ~$21M revolving credit.
DraftKings (NASDAQ:DKNG) gained over 14% after the sports betting operator posted better-than-expected Q2 earnings, with top-line growth of 88%. The company stated that it is on track to achieve positive adjusted EBITDA in the fourth quarter of 2023 and for the fiscal year 2024 after generating positive adjusted EBITDA of $73M in Q2.

Biggest stock losers

Shares of Fortinet (NASDAQ:FTNT) plunged more than 17% on mixed Q2 earnings and a cut in sales guidance. Cybersecurity firm now expects sales to fall within a range of $5.35B to $5.45B, down from a prior view of $5.43B to $5.49B and consensus estimate of $5.47B. Adjusted EPS expected to be between $1.49 and $1.53 per share, compared to estimates of $1.47 per share. Sales in Q3 also expected to range between $1.32 billion and $1.38 billion, with the midpoint falling short of analysts' expectations of $1.38 billion.
DigitalOcean's (NYSE:DOCN) stock slumped 22% after the company's Q2 update. Although Q2 revenue increased by 27%, the company guided Q3 and FY2023 revenue outlooks below the consensus estimate. The company expects Q3 revenue in the range of $172.5M to $174M, below analysts' expectations of $179.53M and FY2023 revenue between $680M to $685M, below the consensus of $704.04M.
Despite positive Q2 results, Redfin (NASDAQ:RDFN) fell roughly 9% after issuing weaker-than-expected Q3 revenue guidance. The company forecast Q3 revenue between $265M and $279M, lower than the $288.17M analysts' expectation.

More on markets

The Risk Of Another Financial Crisis Is High And Rising
An End To The U.S. Monetary Inflation Decline?