Stock futures rose modestly Friday with the S&P 500 setting its fourth consecutive record high on Thursday, the benchmark index’s longest such streak since December
These stocks were poised to make moves Friday:
Intel reported second-quarter revenue of $12.9 billion that was better than analysts’ expectations, forecast third-quarter revenue of $12.6 billion to $13.6 billion, versus the consensus call of $12.66 billion, and said it had completed the majority of the layoffs—a headcount reduction that will total about 15% of the workforce—under a plan the chip maker announced last quarter. Shares were down 6.1% in premarket trading, however, after Intel posted an adjusted loss in the quarter of 10 cents a share, compared with analysts’ expectations for profit of 1 cent. The latest second quarter included a number of restructuring charges.
AEye shares jumped another 30% in premarket trading. The company surged 158.4% on Thursday after announcing that its flagship Apollo lidar has been fully integrated into Nvidia’s DRIVE AGX platform, a critical component of Nvidia’s autonomous vehicle ecosystem.
AST SpaceMobile is launching a $500M private offering of convertible senior notes due 2032, with an option to sell an additional $75M to initial purchasers. The shares sank 9.3%.
Coursera shares surged 23.6% after the company released its second-quarter results. Coursera reported earnings of 12 cents per share, which beat the analyst consensus estimate of 9 cents. Quarterly revenue clocks in at $187.1 million, which beat the Street estimate of $180.48 million.
Newmont rose 1.9% after reporting second-quarter adjusted earnings of $1.43 a share, topping Wall Street expectations of $1.16, with the company benefiting from the price of gold soaring recently to record highs. The gold miner posted revenue of $5.32 billion, up from $4.4 billion a year earlier, and higher than forecasts of $4.85 billion. The company said its second-quarter average realized gold price was $3,320 an ounce, up from $2,347 in the same period in 2024. Newmont also said its boord authorized a buyback program of $3 billion in stock.
Paramount Global gained 2.6% after the Federal Communications Commission approved the entertainment company’s $8 billion merger with Skydance Media on Thursday. Paramount and Skydance are expected to close their merger over the next few weeks, The Wall Street Journal reported, citing people familiar with the matter.
Edwards Lifesciences jumped 5.3% after the medtech company’s second-quarter adjusted earnings and sales beat analysts’ expectations. The company also raised its sales outlook for the year, saying it now expects sales to rise 9% to 10%.
Deckers Outdoor was up 11.4% after fiscal first-quarter earnings rose from a year earlier as revenue gained 17% to $964.5 million, topping forecasts of $900.4 million. Hoka sales in the quarter soared 20% to $653.1 million, while UGG sales jumped 19% to $265.1 million. Sales at both brands were better than Wall Street forecasts.Deckersexpects second-quarter revenue of $1.38 billion to $1.42 billion versus estimates of $1.4 billion.
Tesla fell 0.8% ahead of the stock market open after tumbling 8.2% on Thursday following the electric-vehicle maker’ssecond-quarter earnings reportthat revealed a 16% decline in net income.Teslastock has fallen 24% this year.
Charles Schwab was up 1.5% after its board authorized the brokerage company to buy back $20 billion of stock. The new buyback replaces a prior authorization that had $6.9 billion remaining, Schwab said.
Boston Beer, the owner of the Samuel Adams and Truly brands, jumped 7.2% after reporting second-quarter earnings that beat Wall Street forecasts and saying that it expects the full-year total cost impact of tariffs to be less than previously anticipated.
Earnings reports are expected Friday from HCA Healthcare, Charter Communications, Phillips 66, Centene, Booz Allen Hamilton, and AutoNation.