Cerebras Sinks 18% and EnerSys Jumps 13% as Earnings Trigger Wide Premarket Swings
Updated
Updated · CNBC · Aug 13
Cerebras Sinks 18% and EnerSys Jumps 13% as Earnings Trigger Wide Premarket Swings
3 articles · Updated · CNBC · Aug 13
Summary
Cerebras fell nearly 18% and StubHub dropped almost 17% after quarterly results missed key expectations, making them the sharpest premarket decliners.
EnerSys rose 13%, Birkenstock gained 10% and Grocery Outlet added 9% after beating estimates, with Birkenstock also guiding full-year revenue and adjusted EBITDA to the high end.
Tapestry slid 7%, Cisco lost 6% and Coherent fell 5% as investors focused on softer margins, underwhelming sales or muted quality of beats despite some earnings outperformance.
JD.com and Yeti each fell about 4% even after topping consensus on profit and revenue, underscoring a market that rewarded stronger guidance more than narrow beats.
The moves extend a volatile earnings-driven stretch for individual stocks, following earlier AI-linked gains in Supermicro that also lifted Nvidia.