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Check out the companies making the biggest moves premarket:
Cigna — Cigna gained 3% in premarket trading after beating top- and bottom-line estimates for its latest quarter and raising its full-year forecast. Cigna's results got a boost from lower medical costs and strong growth at its health insurance unit.
Warner Bros. Discovery — The media company' fell 2.3% in the premarket after it reported a quarterly loss, and its adjusted earnings fell slightly short of expectations. However, its streaming business did turn around previous losses and reported a quarterly profit.
DraftKings — The sports betting company's stock surged 11.6% in the premarket after DraftKings reported significantly higher than expected revenue for its latest quarter and increasing its full-year outlook.
Apple — Apple rose 2.7% in premarket trading after beating quarterly earnings and revenue estimates, with particularly upbeat results for its flagship iPhone. Apple did, however, post its second consecutive quarter of declining revenue for only the 3rd time in the past decade.
Bumble — Bumble posted higher than expected quarterly sales, as user demand for its dating app remained strong. The stock jumped 9.1% in premarket action.
Booking Holdings — Booking's shares fell 3% after the travel services company reported quarterly profit and sales that beat analyst estimates amid strong travel demand, but its adjusted earnings did fall short of analyst forecasts. Booking stock was also trading near all-time highs prior to the report.
Expedia — Expedia rallied 5.6% following its quarterly results, even though the travel website operator reported a larger than expected loss. Expedia did see its highest-ever first quarter revenue, in addition
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