Check out the companies making headlines this morning:
Intuit — The financial software company saw its stock slip 1% after issuing weaker-than-anticipated earnings guidance for the fiscal third quarter.
Live Nation Entertainment — Shares of this entertainment platform soared nearly 5% following a fourth-quarter revenue beat, surpassing analysts’ expectations.
Booking Holdings — The online travel booking company’s stock plummeted more than 8% after issuing first-quarter gross booking and EBITDA guidance that fell below expectations, despite better-than-expected quarterly results.
Insulet — The medical device firm’s stock declined 6% after issuing a revenue growth forecast below analyst expectations for the first quarter, although they reported positive fourth-quarter earnings and revenue figures.
Block — Shares of the payments company surged over 14% after reporting surprise quarterly earnings and strong full-year gross profit guidance.
Carvana — The used car marketplace’s shares jumped 33% in premarket trading after posting its first-ever annual profit, with stronger-than-expected earnings projected for the current quarter.
MercadoLibre — The e-commerce platform’s shares fell 7% after posting flat year-over-year earnings for the fourth quarter, with operating income below estimates.
Rivian — Shares of the electric-vehicle manufacturer dropped 2.4% following a wider-than-expected fourth quarter loss and a production forecast miss, leading to a downgrade from UBS.
Fox — The mass media stock rose 2% after a buy rating upgrade from Citi, citing a recent sports joint venture as a positive catalyst.
Penumbra — The medical device maker’s stock fell over 7% on mixed fourth-quarter results and tepid full-year guidance, with a downgrade from JPMorgan.
DraftKings — Shares of the sports betting company climbed over 3% after an overweight rating upgrade from Barclays, highlighting its leadership position in the sports gambling industry.
NIO — The Chinese electric vehicle manufacturer’s shares dipped 1.5% after a downgrade to underweight from JPMorgan, citing potential downside to volume and revenue estimates.
Warner Bros. Discovery — Shares slid 0.7% after the media conglomerate reported fourth-quarter results that fell short of expectations.
Source (CNBC)
