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Birkenstock (BIRK) shares rise after it raises full-year adjusted EBITDA forecast and reports better-than-expected Q2 sales; StubHub (STUB) falls after reporting worse-than-expected Q2 EPS
Birkenstock raised its full-year adjusted EBITDA forecast after second-quarter sales exceeded expectations, driving its shares higher. Meanwhile, StubHub's (STUB) shares fell after the company reported second-quarter earnings per share that missed analysts' average estimates. Additionally, Cerebras' (CBRS) shares declined due to the company's forecast of slower growth than some investors had anticipated, causing its stock to drop in premarket trading.
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