PayPal (PYPL)

PayPal stock fell 6.9% in premarket trading despite
reporting higher-than-expected quarterly profit and revenue for the payment
service operator. Investors are closely watching PayPal’s lowered annual
revenue growth forecast. The company cautioned about the impact of an economic
downturn.

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Coinbase (COIN)

Coinbase surged 6.5% in premarket trading, even as it
reported a wider-than-expected loss and revenue that fell short of market
estimates. The cryptocurrency exchange platform also recorded growth in interest
income and made progress in diversifying its revenue streams.

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DraftKings (DKNG)

Shares of the sports betting company fell 12.5% in
premarket trading despite reporting a smaller-than-expected quarterly loss and
revenue that beat Wall Street estimates. DraftKings also raised its revenue
outlook and warned a prolonged economic slowdown could impact customers’
spending.

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DoorDash (DASH)

DoorDash shares jumped 11.9% in the premarket on the back
of strong orders and better-than-expected revenue. However, its quarterly loss
was wider than expected. Customers continue to spend on food delivery despite
high prices.

Cinemark (CNK)

Cinemark surged 6.5% in premarket action after posting
revenue that topped estimates, even though its loss was wider than analysts had
projected.

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Twilio (TWLO)

Shares of customer engagement software maker plunged 25.1%
in premarket trading after a weaker-than-expected sales outlook. The forecast
outpaced a smaller-than-expected quarterly loss and revenue that exceeded
estimates.

Starbucks (SBUX)

Starbucks surged 4.6% in premarket trading after the coffee
chain reported better-than-expected profit and revenue for its latest quarter,
with sales hitting a record high. The company said its investments in new
equipment and higher wages for workers are paying off.

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Expedia (EXPE)

Expedia rose 3.5% in premarket action after reporting a
quarterly profit that came in slightly below Wall Street forecasts. Revenue
exceeded market estimates and topped $1 billion for the first time on strong
travel demand.

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Hershey (HSY)

Shares of the candy and chocolate maker gained 1% in the
premarket after quarterly results topped estimates. Hershey’s raised its sales
and profit outlook. The company’s improved outlook signals strong Halloween
candy sales.