Stock Market Highlights Before the Bell
Celsius Holdings: Shares surged over 31% after exceeding Q4 earnings expectations and announcing the acquisition of Alani Nutrition. Q4 earnings were 14 cents per share on $332 million in revenue, surpassing forecasts of 11 cents and $326 million.
Dropbox: Shares fell over 9% despite mixed Q4 results. The company reported a gross margin of 83.1%, meeting expectations, yet its adjusted earnings and revenue exceeded forecasts.
Block: Shares dropped 8.8% due to missing both revenue and earnings estimates. They reported adjusted earnings of 71 cents per share on $6.03 billion, while analysts expected 87 cents and $6.29 billion.
Booking Holdings: Shares rose 3.1% after reporting Q4 earnings of $41.55 per share and revenue of $5.47 billion, both exceeding expectations.
Akamai Technologies: Shares fell nearly 10% due to weaker-than-expected guidance for Q1. The forecast was for adjusted earnings between $1.54 and $1.59 per share.
UnitedHealth: Shares declined around 8% following a report of a Justice Department investigation into its Medicare Advantage payment protocols.
Rivian: Shares dropped over 3% after projecting lower deliveries for 2025, despite achieving its first quarterly gross profit.
Insulet: Shares edged down 1.5% as Q1 revenue growth guidance of 22% to 25% slightly missed analyst estimates, though Q4 results beat expectations.
MercadoLibre: Shares soared nearly 12% after reporting strong Q4 earnings of $12.61 per share and $6.06 billion in revenue, well above expectations.
Grab: Shares rose 2.8% after JPMorgan upgraded the stock, anticipating growth after improved earnings outlook.
Coinbase: Shares increased over 4% after the SEC tentatively agreed to drop its enforcement action against the cryptocurrency exchange, pending final approval.
Source (CNBC)
