Snap, Lyft, Moderna and Datadog rise premarket; Qualcomm falls

Investing.com -- U.S. stock futures edged marginally higher Thursday, with investors digesting more corporate earnings as well as a Supreme Court hearing over the legality of the Trump administration’s tariffs.

Here are some of the biggest premarket U.S. stock movers today:

• Qualcomm (NASDAQ:QCOM) stock dropped 1.4% as fears the chip designer will lose business from Samsung, a key customer, overshadowed quarterly sales and profit above market expectations as premium smartphone sales rebounded.

• Arm Holdings (NASDAQ:ARM) ADRs gained 3.6% after the chip technology provider provided a fiscal third-quarter forecast that topped expectations, boosted by the boom in artificial intelligence computing.

• Snap (NYSE:SNAP) stock soared 18% after the social media company beat third-quarter revenue estimates and said it has partnered with Perplexity AI to integrate its artificial intelligence-powered search engine into Snapchat.

• LYFT (NASDAQ:LYFT) stock gained 7.1% after the ride-hailing company forecast upbeat bookings for the all-important holiday travel season, banking on its expansion into global markets and smaller U.S. cities to help fuel growth.

• Moderna (NASDAQ:MRNA) stock jumped 5.9% after the drugmaker reported a sharp drop in third-quarter revenue, but still topped consensus estimates, while also narrowing its full-year sales forecast.

• Datadog (NASDAQ:DDOG) stock gained 8.3% after the cloud monitoring company reported third quarter results that exceeded expectations, delivering strong revenue growth and raising its outlook for the remainder of the year.

• Warner Bros Discovery (NASDAQ:WBD) stock fell 1.6% after the entertainment giant reported disappointing quarterly revenue, squeezed by lackluster growth in its streaming unit and persistent declines in its cable TV business.

• Eli Lilly (NYSE:LLY) stock rose 0.8% after the drugmaker’s experimental obesity drug helped patients lose as much as 20.1% of their weight in a mid-stage trial.

• Dupont (NYSE:DD) stock slumped 5.3% after the industrial materials maker forecast current-quarter sales and adjusted profit below expectations to reflect the planned spinoff of its Qnity electronics unit and Aramids business divestiture.

• Air Products (NYSE:APD) stock gained 4% after the chemical industry company posted fiscal fourth-quarter sales of $3.17 billion, with weak industrial gas sales in its Americas region offset by demand in international markets.

• Bloomin Brands (NASDAQ:BLMN) stock rose 5.6% after the restaurant operator topped third-quarter earnings expectations and unveiled a comprehensive turnaround strategy focused on revitalizing its Outback Steakhouse brand.

• Planet Fitness (NYSE:PLNT) stock climbed 9.2% after the fitness chain reported third-quarter earnings and revenue that exceeded expectations and raised its full-year growth outlook.

• Canada Goose (NYSE:GOOS) stock fell 6.4% after the Canadian luxury apparel maker missed estimates for second-quarter revenue, as demand remained soft despite its efforts to strengthen its marketing and promotional strategies.

• Marvell Technology (NASDAQ:MRVL) stock jumped 8% after Bloomberg reported SoftBank Group explored a potential takeover of the U.S. chipmaker earlier this year, with plans to merge it with Arm Holdings.