Before the bell rings, take a look at the businesses that are making news.
Moderna — The biotechnology business saw a 4% decline in value after losing $2.91 per share in the fourth quarter, which was more than the $2.68.
Video game company GameStop is thinking of investing in bitcoin and other cryptocurrencies.
Roku – Due to a better-than-expected fourth-quarter performance, the streaming company’s stock jumped 14%.
Airbnb – Following a top- and bottom-line beat for the fourth quarter, Airbnb’s shares surged more than 13%.
Informatica — After the cloud data management business released a pessimistic outlook for the current quarter, its shares fell 33%.
Applied Materials: The semiconductor company’s quarterly results exceeded but it was overshadowed by a softer-than-expected revenue projection, which caused it to drop 4.8%.
Twilio — Following poor results guidance, the cloud communications company’s stock suffered an 8.8% decline.
Palo Alto Networks — The IT company’s stock dropped over 4.4% after its most recent quarter’s free cash flow statistics fell short of forecasts.
The stock of DaVita, a dialysis provider, fell 9% after the firm released a bleak outlook due to growing healthcare expenses.
Dexcom — Although the medical equipment manufacturer’s full-year sales projection was just below what FactSet’s poll the company’s stock surged 3% after reaffirming it.
After the sports betting business increased the lower end of its full-year revenue guidance, DraftKings’ stock increased 5.4%.
Coinbase: The cryptocurrency market fell 2.5 percent even though its earnings exceeded expectations.
Source (CNBC)
