Stocks making the biggest pre-market moves: Boeing, AT&T and more

Stocks making the biggest pre-market moves: Boeing, AT&T and more
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The exterior of a 787 Dreamliner at Boeing’s North Charleston manufacturing plant on December 13, 2022.

Logan Cyrus | AFP | fake images

Take a look at the companies making the headlines before the bell rings.

Boeing – Boeing shares fell about 1.7% before trading after the planemaker Posted earnings and revenue that missed expectations, despite a recovery in demand. The company cited labor and supply shortages for the disappointing figures.

news corporation, foxnews — News Corp and Fox News shares rose 4.9% and 1.8%, respectively, after Rupert Murdoch abandoned plans to merge the two companies, a proposal that was met with rejection by shareholders.

AT&T — Shares rose 1.8% after the telecom giant’s fourth-quarter report came out on Wednesday, showing an increase in subscribers but forecasting a below-expected annual profit.

Microsoft — Microsoft shares fell nearly 3% after the software giant shared a dismal revenue forecast for the current quarter. The technological benchmark topped off earnings expectations, but said new business growth slowed in December, even within its Azure segment.

omnicom — Shares of the global media firm fell 3% after it was revealed that BlackRock Inc., added to its stake in the company, now owns 9.4% of the shares.

sun run, power of the sun — Both solar companies fell more than 3% after Barclays downgraded them due to a possible slowdown in demand for solar power. Sunrun was downgraded to equal weight from overweight, while SunPower’s rating was slashed to underweight from equal weight.

phase – Shares fell 4% after Piper Sandler was downgraded to neutral from buy. The firm signaled a possible restart in the US residential solar market in 2023, although it acknowledged that the company has a strong product, management and position.

capital one — Financial stocks fell 2.3% after Capital One reported disappointing quarterly results. The company earned $3.03 per share on revenue of $9.04 billion. Analysts polled by StreetAccount had expected a profit of $3.87 per share on revenue of $9.07 billion. Net interest income also came in below expectations.

intuitive surgical – The maker of robotic surgical systems suffered a 9% drop after the company reported fourth-quarter earnings and revenue that came in below expectations. The company cited a resurgence of Covid-19 in China negatively affecting procedure volumes in the area.

F5 – Shares of the web application security company fell 3.7% after F5 reported revenue for its most recent quarter that missed analysts’ expectations and issued weaker-than-expected earnings guidance for the second quarter. trimester.

— CNBC’s Alex Harring, Samantha Subin, Tanaya Macheel, Carmen Reinicke and Michelle Fox Theobald contributed to this report.

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