See which businesses are in the news before the bell rings.
Robinhood – The online trading platform saw a 13% increase in value on the release of higher-than-expected fourth-quarter sales. Resorts and casinos’ stock, MGM Resorts, increased by about 10%.
Reddit – After Reddit’s fourth-quarter user numbers fell short of analysts’ projections, the company’s shares plummeted 8%. The average number of daily active unique visitors was 101.7 million, up 39% from the previous year, but this was less than the 103.1 million StreetAccount estimate.
AppLovin – Following fourth-quarter earnings that exceeded analyst forecasts, the shares surged 28%.
Cisco Systems – After releasing fiscal second quarter earnings and better-than-expected outlook, the networking technology business saw a more than 5% increase in value.
Deere — Although its quarterly profit and revenue surpassed analyst projections, the agricultural machinery company’s fiscal first-quarter report indicated muted demand moving forward, which caused it to drop 5%.
Shares of Barclays that are trading in the United States fell 4.2% as investors were not impressed by the company’s future outlook.
Trade Desk – Following a dismal quarterly revenue report and poor revenue projection, the digital marketing company’s shares fell 29%.
The coffee retailer Dutch Bros. had a 24% increase in stock price following the release of fourth-quarter data that above analysts’ projections.
After its most recent quarterly reports, Sony’s U.S. listed shares increased by more than 4%.
Molson Coors— Following a fourth-quarter top- and bottom-line beat, the beverage company’s shares increased by about 7%.
Kraft Heinz: A downgrade to underperform from buy at Bank of America and to neutral from buy at Citi caused the food stock to drop 1.6%.
Source (CNBC)
