Check out the companies making the biggest moves in premarket trading: Planet Fitness — Shares tumbled as much as 7% after the gym franchise reported a revenue miss for its first quarter and issued disappointing guidance for the year. Quarterly revenue was $248 million, versus the $249.5 million expected from analysts polled by FactSet. Planet Fitness cut its full-year guidance for adjusted EPS growth to 7% to 9% from 10% to 11%, missing the consensus estimate of 11.1%. Robinhood — Shares of the brokerage firm rose more than 5% after the company reported record earnings for the first quarter. Robinhood generated 18 cents in earnings per share on $618 million in revenue. Analysts surveyed by LSEG were looking for 6 cents per share on $549 million in revenue. Warner Bros. Discovery — The stock shed about 4% after the media company said it lost 40 cents per share for its first quarter, greater than the 24 cent loss expected from analysts polled by LSEG. Revenue also disappointed, coming in at $9.96 billion versus the $10.23 billion consensus estimate. Yeti — The drinkware maker surged 12% after topping Wall Street expectations for the first quarter. Yeti earned 34 cents per share, excluding items, on $341.4 million in revenue, while analysts polled by FactSet forecasted 24 cents a share and $333.3 million. The company also raised its full-year guidance for earnings per share, while reaffirming its revenue growth outlook. Arm – The British chip designer saw its shares drop nearly 7% despite posting better-than-expected fiscal fourth-quarter results , as the midpoint of its revenue guidance for the year fell slightly below analysts’ estimates, according to LSEG. Arm said it expects revenue between $3.8 billion and $4.1 billion in the full year. Analysts were expecting revenue of $3.99 billion for the year. Klaviyo — Shares popped almost 9% following the marketing automation company’s quarterly report postmarket Wednesday. Klaviyo guided for second-quarter revenue of $211 million to $213 million, higher than the $210 million expected from analysts polled by LSEG. Airbnb — Airbnb shares sank more than 7% after the vacation rental stock offered disappointing guidance . The company beat first-quarter expectations on the top and bottom lines, but said that it expects revenue to range between $2.68 billion and $2.74 billion for the current quarter. That fell slightly short of an
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