Before the opening bell, Shake Shack rose 3.8% after posting quarterly results that topped estimates, while Peloton jumped 7% on revenue that exceeded expectations despite earnings falling short of consensus. Unity Software surged 22% after results far exceeded forecasts, with revenue of $622 million versus $567 million expected, and AppLovin rallied 19% after beating revenue and adjusted EBITDA estimates. Wendy’s was little changed after rejecting a $1.4 billion takeover offer, while Zillow sank about 15% following results that fell short of expectations. Qualcomm plunged 9% despite a slight earnings beat, Expedia slid more than 6% after issuing mostly weaker-than-expected revenue guidance, and Coherent dipped 2% despite exceeding earnings and revenue estimates.
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