Here are the companies making headlines before the bell:
Lyft: Shares of Lyft surged 21% after the ride-hailing company reported strong fourth-quarter results and issued positive guidance. While revenue met analysts’ expectations, the company corrected its margin forecast in its initial press release.
Robinhood Markets: Shares of Robinhood soared roughly 16.5% after beating earnings and revenue expectations for the fourth quarter.
Angi: Shares of Angi jumped 7% after the home services platform reported a narrower-than-expected quarterly loss.
DaVita: Shares of DaVita gained more than 7% after the healthcare company posted a fourth-quarter earnings and revenue beat.
Zillow Group: Shares of Zillow Group rose more than 5% premarket after the real-estate marketplace posted better-than-expected earnings and revenues.
Kraft Heinz: Shares of Kraft Heinz declined more than 1% after posting fourth-quarter revenue that missed expectations.
Akamai Technologies: Shares of Akamai fell 5.4% after the server network provider missed analyst expectations for fourth-quarter revenue.
GoDaddy: Shares of GoDaddy dipped about 2% despite reporting revenue in line with expectations.
SentinelOne: The cybersecurity stock surged 6.2% in premarket trading after receiving an upgrade to buy from neutral at Bank of America.
Crypto stocks: Stocks tied to the price of bitcoin surged after the cryptocurrency rose to a more than two-year high and regained its $1 trillion market cap.
Airbnb: Shares of Airbnb slumped 4% despite posting stronger-than-expected revenue and optimistic guidance.
Upstart: Shares of the online lender slid 14% after reporting a fourth-quarter adjusted loss that was narrower than expected.
Wingstop: Shares of Wingstop climbed nearly 3% after Bernstein initiated coverage of the restaurant stock at outperform.
MGM Resorts International: Shares of MGM Resorts dipped more than 3% even after beating fourth-quarter expectations on the top and bottom lines.
Topgolf Callaway Brands: Shares of Topgolf Callaway Brands slid more than 3% after issuing first-quarter revenue guidance that missed expectations.
Source (CNBC)
