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

AI Summary

Birkenstock shares rallied following an upgraded full-year adjusted EBITDA forecast and better-than-expected second quarter sales, while StubHub shares declined due to earnings misses. Cerebras also saw its shares drop after slower growth projections.

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)