Biggest stock movers Wednesday: SBUX, SOFI, LC, and more

Stock futures inched up Wednesday morning as investors digested a series of major earnings reports and awaited the Federal Reserve’s highly anticipated interest rate decision, due later in the day.

Here are some of Wednesday’s biggest stock movers:

Biggest stock gainers

• Starbucks (NASDAQ:SBUX) +5% — Shares climbed after better-than-feared FQ3 results, driven by resilient same-store sales that helped offset margin weakness. Comparable store sales in China rose 2% (vs. 1.44% est.), while North America declined 2%, less than the expected 2.49% drop. Total revenue grew 4% Y/Y to $9.46B, topping estimates by $150M. Adjusted EPS of $0.50 missed the $0.65 consensus due to an $0.11 discrete tax charge. CEO Brian Niccol noted the turnaround is “ahead of schedule” as operational fixes begin to show results.
• Teladoc Health (NYSE:TDOC) +4% — Shares rose after Q2 results topped estimates despite a 2% Y/Y revenue decline to $631.9M (vs. $622.8M est.). Loss per share came in narrower than expected at $0.19 (vs. $0.31 est.). The company reaffirmed its belief in virtual care as a long-term growth driver and issued FY revenue guidance of $2.50B–$2.55B (vs. $2.52B est.), with net loss per share seen between $1.00 and $1.35 (vs. $1.16 est.).
• MARA Holdings (NASDAQ:MARA) +4% — Shares rose after the crypto miner posted a surprise Q2 profit, driven by stronger bitcoin prices and higher production. GAAP EPS came in at $1.84 (vs. -$0.19 est.), swinging from a loss of -$1.55 in Q1. Revenue rose to $238.5M (vs. $223.7M est.), while adjusted EBITDA surged to $1.25B from a loss of -$483.6M in Q1 and -$125.5M in last year’s Q2. MARA mined 2,358 bitcoin, up 3% Q/Q.
• LendingClub (NYSE:LC) +23% — Shares soared after Q2 EPS more than doubled Wall Street estimates, and upbeat Q3 guidance signaled strong loan origination ahead. The company expects Q3 originations of $2.5B–$2.6B (vs. $2.4B est.) and pre-provision net revenue of $90M–$100M. Return on tangible common equity is forecast at 10%–11.5%, slightly below Q2’s 11.8%.

Biggest stock losers

• Mondelez International (NASDAQ:MDLZ) -3% — Shares slipped despite Q2 beats, as the company maintained full-year guidance while flagging a ~10% adjusted EPS decline due to “unprecedented” cocoa inflation. Mondelez reiterated ~5% organic revenue growth and expects 2025 free cash flow of over $3B.
• SoFi (NASDAQ:SOFI) -7% — Shares plunged after the company priced its public offering of ~71.9M shares at $20.85, aiming to raise ~$1.5B. SoFi also granted underwriters a 30-day option to buy up to ~10.8M more shares. Proceeds will fund general corporate purposes and potential business opportunities. The sale is expected to close July 31.