Check out the companies making the biggest moves in premarket trading: Tapestry — The parent of Kate Spade and Coach dropped 7% on underwhelming results for the fiscal fourth quarter . Tapestry earned $1.32 per share on revenue of $1.88 billion. While earnings were above the FactSet consensus of $1.28 per share, revenue only just exceeded a $1.87 billion estimate. The company did increase its quarterly dividend to 46.25 cents per share from 40 cents per share Yeti — The drinkware and cooler maker slipped nearly 4% after the company reported mixed second-quarter results. Yei earned an adjusted 67 cents per share, topping a FactSet consensus estimate of 54 cents per share. Revenue, meanwhile, came in at $483.9 million, just above a $483.8 million estimate. Birkenstock — The U.K.-based shoe company jumped 10% after its quarterly revenue and adjusted earnings before interest, taxes, depreciation, and amortization beat expectations. Birkenstock also said it expects its full-year revenue and adjusted EBITDA to come in at the high end of its prior guidance. Bullish — Shares added 1% on the back of Bullish’s second-quarter results. Revenue came in at $92.6 million, topping the $87.4 million expected from analysts polled by FactSet. The company also raised its full-year guidance for subscription, services and other revenue. JD.com — U.S.-listed shares of the Chinese e-commerce company fell roughly 4%, despite posting a beat on the top and bottom lines. JD.com’s adjusted earnings were 6.29 yuan per share, versus the FactSet consensus estimate of 5.61 yuan. Revenue decreased year over year to 346.4 billion yuan, but still topped the 342.33 billion expected from analysts. EnerSys — The battery manufacturer jumped 13% after its quarterly earnings and revenue handily topped Wall Street’s expectations. EnerSys saw adjusted earnings of $3.66 per share for its fiscal first quarter, versus the $2.83 per share expected from analysts polled by FactSet. Revenue was $935.6 million, compared to the $928 million consensus estimate. The company’s second-quarter EPS guidance also topped expectations. Grocery Outlet — The grocer reported EPS of 20 cents for its second quarter, versus the 13 cents expected from analysts, per FactSet. Revenue was $1.19 billion, versus the $1.17 billion consensus estimate. Shares gained 9%. Jack in the Box — The fast food chain gained more than 6% on better-than-expected earnings for the company’s fiscal third quarter. Jack in the Box earned 96 cents per share, topping a FactSet estimate of 88 cents per share. Red Robin Gourmet Burgers — The restaurant chain posted second-quarter results that beat analyst expectations, sending shares higher by nearly 4%. Red Robin earned 12 cents per share, excluding certain items, on revenue of $277.6 million. Analysts expected the company to break even on revenue of $265.8 million. Coherent — The photonics company lost 5% in extended trading after adjusted gross margin for the fourth quarter was roughly in line with estimates. Non-GAAP gross margin was 40.2%, while the StreetAccount consensus estimate anticipated 40%. Guidance for first quarter earnings and revenue surpassed analysts’ expectations. Cerebras Systems – Shares of the artificial intelligence chip manufacturer tumbled nearly 18%. Revenue in the second quarter came in at $180 million, versus the $194 million LSEG consensus estimate. StubHub – The secondary marketplace for event tickets lost almost 17%. Adjusted gross margin in the second quarter came in at 82.2%, while the StreetAccount consensus called for 84.3%. The company also reaffirmed its full-year outlook for adjusted EBITDA. Cisco Systems – Shares fell 6%. Adjusted gross margin for the fourth quarter only narrowly beat estimates, coming in at 66.3% versus the StreetAccount consensus call for 66%. — CNBC’s Darla Mercado and Fred Imbert contributed reporting. Correction: An earlier version misstated the FactSet consensus estimate for EnerSys’s earnings in the latest quarter.
