Check out the companies making headlines before the bell: Qualcomm — Shares slipped 1% as Qualcomm expects that it will lose Apple as a customer for its modem business in the coming years. This potential waning opportunity overshadowed Qualcomm’s fiscal fourth-quarter earnings and revenue beat and strong current quarter forecast. Warner Bros. Discovery — Shares fell 1% after Warner Brothers Discovery reported a third-quarter loss of 6 cents per share, on an adjusted basis, on revenues of $9.05 billion. Analysts polled by LSEG had expected a loss of 4 cents per share on revenues of $9.15 billion. Under Armour — The sportswear company fell up to 1% even after the company posted an earnings and revenue beat. Under Armour reported second quarter earnings of 4 cents per share, on an adjusted basis, on revenues of $1.33 billion. Analysts polled by LSEG had expected EPS of 2 cents on revenues of $1.31 billion. Penn Entertainment , DraftKings — The two stocks rallied after Penn Entertainment and ESPN announced the early termination of their exclusive U.S. online sports betting deal. ESPN also signed a new betting partnership with DraftKings . Penn shares were up nearly 7%, while DraftKings climbed 4.5% Duolingo — Shares tumbled 25% after the company’s fourth-quarter bookings estimate was below expectations. The language learning platform …
