Premarket Trading Highlights
1. Nvidia: Up 1% after reporting fourth-quarter earnings and revenue that exceeded expectations.
2. Freeport-McMoRan: Gained over 2% due to an upgrade to “buy” from Jefferies, citing better cash flow and cost reductions.
3. eBay: Dropped nearly 8% after its revenue forecast fell short, expecting $2.52-$2.56 billion versus analyst predictions of $2.59 billion.
4. Sterling Infrastructure: Rose about 5% following a “buy” upgrade, anticipating growth in data center infrastructure by 2025.
5. Snowflake: Surged over 12% after reporting adjusted earnings of 30 cents per share and revenue of $987 million, outperforming analyst estimates.
6. Salesforce: Fell 3.4% after reporting fourth-quarter revenue of $9.99 billion, which missed expectations of $10.04 billion.
7. Nutanix: Gained 16% after reporting fiscal second-quarter earnings of 56 cents per share on revenue of $655 million, exceeding analyst predictions.
8. Paramount Global: Shares fell over 1% after missing quarterly earnings expectations, reporting a loss of 11 cents per share and revenue of $7.98 billion.
9. Sweetgreen: Slipped 11% due to lower-than-expected revenue guidance for the full year, forecasting $760-$780 million compared to the $789 million expected.
10. C3.ai: Decreased over 4% despite better-than-expected results, reporting a loss of 12 cents per share on revenue of $99 million.
11. Teladoc Health: Dropped nearly 13% after a wider-than-expected fourth-quarter loss and a weak revenue forecast for the current quarter.
Source (CNBC)
