See which companies are grabbing the most attention in premarket trading.
Coca-Cola— After exceeding Wall Street’s expectations on both lines for the fourth quarter, the soda manufacturer saw a 3% increase in value.
After DuPont de Nemours’ fourth-quarter results exceeded Wall Street’s expectations, the chemical company’s shares surged 5%.
Following AutoNation’s better-than-expected fourth-quarter earnings, the stock increased by almost 1%.
Shopify – A 3% decline in commerce shares. Even if the company’s fourth-quarter revenue of $2.81 billion exceeded the $2.73 billion analysts surveyed by FactSet predicted, this is still the case.
Fluence Energy — Following the company’s greater-than-expected fiscal first-quarter loss, the energy storage stock fell 41 percent.
Shares of Lattice Semiconductor jumped 14% as the company’s sales exceeded Wall Street’s forecasts. Above the consensus estimate of $117.1 million from experts surveyed by LSEG, the chipmaker reported $117.4 million.
Astera Labs: Notwithstanding fourth-quarter earnings that were better than anticipated by analysts surveyed by LSEG, the semiconductor play fell 4.2%.
Following the release of the beauty products manufacturer’s fiscal second-quarter earnings and revenue miss, Coty’s stock fell 2.5 percent.
CoreCivic – After the Street was let down by the company’s full-year earnings guidance, the private prison shares fell 5%.
Steel Dynamics — After KeyBanc upgraded the American steel manufacturer from sector weight to overweight, stating that President Donald Trump’s steel and aluminium duties will help the stock, shares increased by 2%.
Compass— After UBS upgraded the residential real estate broker and stated that it has almost 50% upside following its recently finalised purchase, shares of the company surged 4.5%.
Following Guggenheim’s downgrading from buy to neutral, Snap, a social media platform, had a 1.8% decline. Snap’s investment plans will probably put pressure on profits.
First Solar — Following Mizuho’s upgrade of the name from neutral to outperform, the solar stock increased by almost 2% in the premarket.
Source (CNBC)
