Before the bell rings, see which businesses are in the news.
His and Her Health — Shares fell 22%. After the first quarter, the telehealth provider said that it would no longer be permitted to sell compounded versions of weight loss medications, despite reporting better-than-expected fourth-quarter profitability and revenue.
Tempus AI— After the company’s fourth-quarter revenue below forecasts, Tempus AI shares plummeted 14%.
Lilly Eli — After the pharmaceutical company’s direct-to-consumer website introduced greater dose vials of its weight reduction medication Zepbound at a reduced price for self-paying patients, shares increased by 1%.
Chegg – Following a fourth-quarter net loss of $6.1 million on revenue of $143.5 million, shares of the online education company, now valued at less than $200 million, fell over 20%.
Keurig Dr Pepper — Following a quarter in which Keurig exceeded revenue and earnings projections, the beverage company’s shares surged by almost 3%.
Cleveland-Cliffs – The steel stock dropped 3% following a fourth-quarter loss that was more than anticipated.
Krispy Kreme – The doughnut company’s stock fell more than 18% after falling short of fourth-quarter forecasts. After deducting deductions, Krispy Kreme made $1 per share on $404 million in sales.
Li Auto — Li’s first fully electric sports utility vehicle, the Li I8, caused the Chinese electric vehicle stock to rise by about 14%.
Zoom Communications — Following a lower-than-expected sales forecast, the video chat company’s shares fell 4%.
Following the release of its fourth-quarter financial results, Home Depot, a retailer of home improvement products, saw a 1% increase.
Stocks in cryptocurrency— Overnight, the price of bitcoin fell through the $90,000 mark as a result of sell pressure in the stock market, which also caused stocks of cryptocurrency companies to plummet.
Source (CNBC)
