Stocks making the biggest moves premarket: Southwest Airlines, Meta Platforms, Align Technology, EBay and more

Check out the companies making headlines in early morning trading.

Southwest Airlines — The carrier slid 6% premarket after reporting a mixed financial update early Thursday. Southwest said business revenues are continuing to recover, but not yet back to back to pre-pandemic levels, cited higher costs, including raising its jet fuel forecast for the full year to $2.70-2.80 per gallon from an earlier $2.60-2.70.

Chipotle Mexican Grill — Shares of the burrito chain fell more than 8% after its latest financial update showed sales fell short of Wall Street expectations. Chipotle reported $2.51 billion in revenue, while analysts polled by Refinitiv had expected revenue of $2.53 billion.

Edwards Lifesciences — The company saw its shares fall 6% after it posted slightly better-than-expected earnings and revenue for the second quarter but issued weaker than expected guidance. A forward earnings forecast of 55 cents to 61 cents per share excluding items fell below analysts’ estimate of 63 cents per share, according to FactSet.

Ebay — Shares of the e-commerce giant fell nearly 6% after issuing weak guidance for the current quarter. The company anticipates third-quarter adjusted earnings per share of 96 cents to $1.01 per share, while analysts polled by FactSet estimated $1.02 in earnings.

Align Technology — The orthodontics company surged 14% after posting adjusted earnings late Wednesday of $2.22 per share for the second quarter, beating estimates of $2.03 per share, according to Refinitiv. Revenue for the quarter also topped estimates, and revenue guidance for the year was above analyst expectations.

Meta Platforms — The Facebook parent jumped nearly 9% after reporting earnings and revenue for the second quarter that topped analysts’ estimates. Meta also issued a…