Check out the companies making the biggest moves premarket: Moderna , Merck — Shares of the pharmaceutical companies surged after a personalized cancer vaccine between the two companies showed positive results in a late-stage trial . Moderna’s stock at one point soared 57%, while Merck’s jumped just over 6%. It is unclear when the companies plan to submit applications for approval of the drug in the U.S. Marvell Technology — The chipmaker was up more than 11% after it announced that it was giving Google permission to buy a $12 billion stake in the company as part of a deal to develop custom chips for the Alphabet subsidiary. Keysight Technologies — The electronic test and measurement company rose 2% after posting third quarter results that exceeded expectations on the top and bottom lines. Keysight posted earnings of $3.07 per share, excluding items, more than the $2.48 per share expected by analysts polled by FactSet. Revenue of $1.85 billion beat the $1.75 billion consensus estimate. Lowe’s — Shares were off 2% after the home improvement retailer after it updated its full-year sales and earnings outlook to the bottom end of its prior guidance. Revenue for the second quarter also missed expectations, and the company reported it saw pressure in home improvement spending. Target — The retailer declined 1.5% despite reporting better-than-expected revenues in its second-quarter financial report and hiking its full-year guidance. Results were boosted by a $752 million boost to net earnings, or $1.65 per share, from tariff refunds. La-Z-Boy — The manufacturer of recliners tanked almost 17%. First quarter earnings came in at 43 cents per share on an adjusted basis, down 9% from the year-ago period. Adjusted operating income dropped 20% from a year earlier, landing at $18.7 million. La-Z-Boy said current quarter revenue would range from $500 million to $520 million, missing the FactSet consensus of $536.8 million. Mercury Systems — The maker of defense and aerospace electronics slid more than 9%. Mercury Systems said that revenue for the fiscal year ending June 2027 would approach about $1.1 billion, versus the FactSet consensus estimate of $1.05 billion. Adjusted earnings of 37 cents in the fourth quarter missed the FactSet consensus call by one cent. Toll Brothers — Shares of the luxury homebuilder rose just over 1%. The company reported third quarter earnings of $2.97 per share on revenues of $2.65 billion. Analysts polled by LSEG had expected per-share earnings of $2.93 on revenues of $2.61 billion. Estee Lauder — The beauty care manufacturer and marketer rose more than 7% after it reported earnings and revenue for its fiscal fourth quarter that beat consensus estimates, according to analysts polled by FactSet. The company also reported that it expects earnings of between $3.10 to $3.35 per share in fiscal year 2027, about in-line with FactSet estimates for between $2.95 to $3.42. Analog Devices — The semiconductor company rose more than 3% after adjusted earnings and revenue for its fiscal third quarter, along with current quarter guidance, came in above expectations. Its gross margin, on a non-GAAP basis, rose to 72.5% compared to 69.2% a year ago. — CNBC’s Sarah Min and Darla Mercado contributed reporting
Stocks making the biggest moves premarket: MRNA, LOW, EL
