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Birkenstock Rallies on Forecast; StubHub Falls on Earnings | Stock Movers

Key Points

On this episode of Stock Movers: - StubHub (STUB) shares are dropping after the company reported earnings per share for the second quarter that missed the average analyst estimate. - Birkenstock (BIRK) is rallying after the footwear maker boosted its adjusted Ebitda forecast for the full year. The German company also reported better-than-expected sales for the second quarter.

On this episode of Stock Movers: - StubHub (STUB) shares are dropping after the company reported earnings per share for the second quarter that missed the average analyst estimate. - Birkenstock (BIRK) is rallying after the footwear maker boosted its adjusted Ebitda forecast for the full year. The German company also reported better-than-expected sales for the second quarter. - Cerebras (CBRS) is lower after the company projected slower growth than some investors anticipated, causing its shares to fall in premarket trading. (Source: Bloomberg)
Birkenstock (ORG) StubHub Falls (ORG) Stock Movers (ORG) StubHub (ORG) STUB (ORG) BIRK (PERSON) Ebitda (ORG) German (ORG) Cerebras (ORG) CBRS (ORG) Bloomberg (PERSON)
Originally published by Bloomberg Markets Read original →