Stocks making the biggest pre-market moves: Boeing, AT&T and more

The exterior of a 787 Dreamliner at the Boeing factory in North Charleston on December 13, 2022.

Logan Cyrus | AFP | Getty Images

Check out the companies making headlines before the bell.

Boeing –Boeing’s stock fell about 1.7% premarket after the planemaker posted earnings and revenue that missed expectations, despite a rebound in demand. The company cited labor and supply shortages for the disappointing numbers.

News company, Fox News — Shares in News Corp and Fox News rose 4.9% and 1.8%, respectively, after Rupert Murdoch dropped plans to merge the two companies, a proposal that faced backlash from shareholders.

AT&T — Shares rose 1.8% after the telecom giant’s fourth-quarter report on Wednesday showed an increase in subscribers but forecast annual profit below expectations.

Microsoft — Microsoft shares fell nearly 3% after the software giant shared a dismal revenue forecast for the current quarter. The tech bell topped earnings expectations but said new business growth slowed in December, including in its Azure segment.

Omnicom — Shares of the global media company fell 3% after it was revealed that BlackRock Inc. added to its stake in the company, which now owns 9.4% of the shares.

Solar run, SunPower — Solar companies both fell more than 3% after being downgraded by Barclays on a potential slowdown in solar demand. Sunrun was downgraded to balance from overweight, while SunPower’s rating was cut to underweight from balance.

Single phase — Shares fell 4% after a downgrade from Piper Sandler to neutral from buy. The firm pointed to a potential reset in the US residential solar market coming in 2023, while still acknowledging that the company has a strong product, leadership and position.

The capital — The financial stock fell 2.3% after Capital One reported disappointing quarterly results. The company earned $3.03 per share on revenue of $9.04 billion. Analysts polled by StreetAccount expected a profit of $3.87 per share on revenue of $9.07 billion. Net interest income also came in below expectations.

Intuitive surgical – The maker of robotic surgery systems suffered a 9% drop after the company reported fourth-quarter earnings and revenue that missed expectations. The company cited a resurgence of Covid-19 in China that negatively impacted procedure volumes in the area.

F5 – Shares of the web application security company fell 3.7% after F5 reported revenue for its latest quarter that missed analysts’ expectations and issued weaker-than-expected earnings guidance for the second quarter.

— CNBC’s Alex Harring, Samantha Subin, Tanaya Macheel, Carmen Reinicke and Michelle Fox Theobald contributed reporting.

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