Prior to the opening of the stock market, look at the companies that are creating news.
Alphabet — The parent company of Google fell 7% as its fourth-quarter sales of $96.47 billion fell short of the $96.56 billion experts surveyed by LSEG had predicted.
Uber— After warning that the strong dollar would have an impact on first-quarter gross bookings, the ride-hailing business saw a 5% decline.
Chipotle Mexican Grill – After the fast-food burrito chain’s fourth-quarter same-store sales growth disappointed Wall Street and it indicated that fiscal 2025 same-store sales would exhibit low- to mid-single digit growth, its shares fell roughly 4.9%.
PDD— Following the U.S. Postal Service’s decision to ban incoming parcels from China and Hong Kong “until further notice,” the Chinese e-commerce platform saw a 7.1% decline.
Apple — The iPhone manufacturer withdrew 2% of its response to news that Chinese authorities were thinking of initiating an official investigation into Apple’s application store fees and procedures.
Worldwide Johnson Controls — After releasing quarterly results that exceeded expectations, the Irish-domiciled conglomerate’s shares jumped by about 8% in early trading.
Mondelez International — The parent company of Oreo cookies fell more than 4% after missing the fourth-quarter consensus projections on Wall Street and announcing that it anticipates a 10% decline in adjusted profits per share on a constant currency basis in 2025 as a result of “unprecedented cocoa cost inflation.”
Lumen Technologies – The telecom giant saw a 9.3% increase thanks to its fourth-quarter earnings.
The workday With the announcement of a reorganisation plan that is likely to lose approximately 8.5% of the staff, the cloud applications provider saw a 5.5% increase in value.
Advanced Micro Devices: The chipmaker’s stock fell 9.1% after its core data centre business missed projections.
Mattel – The toy manufacturer had a 13.5% increase in value as its fourth-quarter earnings exceeded Wall Street forecasts.
Match — The dating site fell 9% as its adjusted operating income for the fourth quarter of $323.9 million fell short of analysts’ projections of $326.7 million.
Disney — The owner of the theme park saw a nearly 1% increase in stock price following fiscal first-quarter profits that topped both the top and bottom lines, but it also disclosed signals of impending losses in Disney+ streaming subscriber numbers.
Novo Nordisk — After the Danish pharmaceutical behemoth’s fourth-quarter earnings exceeded forecasts, shares increased by 3%.
After announcing better-than-expected quarterly results and announcing a $1 billion stock repurchase, the video game business Electronic Arts saw a 2.4% increase in value.
FMC Corp: Following the release of subpar forecast for the current quarter, the chemical maker saw a 23% decline.
Toyota Motor — After announcing intentions to establish a new firm in China to produce electric vehicles as it catches up to other automakers, shares of Toyota, the largest carmaker in the world by sales volume, that are listed in the United States increased 2.9%.
Source (CNBC)
