Stocks making the biggest moves premarket: Beyond Meat, Sweetgreen, Adobe, Block and more

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Beyond Meat "Beyond Burger" patties made from plant-based substitutes for nutrient products beryllium connected a support for merchantability successful New York City.

Angela Weiss | AFP | Getty Images

Check retired the companies making headlines earlier the bell:

Beyond Meat — Shares jumped 12% aft Beyond Meat reported a smaller-than-expected nonaccomplishment successful its 4th quarter, adjacent with income falling much than 20%. The meat-alternative institution reported a nonaccomplishment per stock of $1.05, little than the expected $1.18, according to Refinitiv. It posted gross of $79.9 million, much than the $75.7 cardinal expected.

Block — Shares of the payments elephantine roseate much than 6% successful aboriginal greeting trading aft the institution reported better-than-expected revenue for the 4th fourth and beardown maturation successful gross profit.

Carvana — The used-car retailer sank 5.8% aft posting a fourth-quarter nonaccomplishment of $7.61 per share, greater than the forecasted nonaccomplishment of $2.28 per share, according to statement estimates from Refinitiv. Revenue came successful astatine $2.84 billion, a 24% driblet from the 4th fourth of 2021 and little than analysts' expectations of $3.1 billion.

Sweetgreen — Shares of the crockery concatenation shed astir 10% aft Sweetgreen issued weaker-than-expected gross guidance for the archetypal 4th and afloat year, according to Refinitiv. Fourth-quarter gross besides fell short. Higher paper prices and less transactions wounded the firm, arsenic did romaine, arugula and herb shortages.

Adobe — Shares fell much than 3% aft a Bloomberg report, citing an unnamed source, said the U.S. Justice Department is planning to artifact the company's $20 cardinal acquisition of startup Figma successful a lawsuit.

MercadoLibre — MercadoLibre jumped 5% aft the South American e-commerce steadfast reported fourth-quarter net of $3.25 per stock connected gross of $3 billion. Analysts surveyed by FactSet were anticipating net of $2.42 per stock and gross of $2.96 billion.

Boeing — Shares of the concern elephantine dropped much than 2% successful premarket trading aft the institution said it has temporarily halted deliveries of its 787 Dreamliners so it tin bash further investigation connected a fuselage component. The planes, which are often utilized for long-haul planetary routes, person suffered respective issues for respective years.

EOG Resources — EOG Resources slid 3.6% aft the vigor institution reported fourth-quarter earnings, excluding items, that were abbreviated of analysts' expectations, according to FactSet. The institution bushed connected revenue, however.

Warner Bros. Discovery — The banal fell 4% aft Warner Bros. Discovery posted disappointing results successful its latest quarter. The media and amusement conglomerate reported a nonaccomplishment of 86 cents per stock connected gross of $11.01 billion. Analysts polled by Refinitiv called for a nonaccomplishment of 21 cents per stock connected gross of $11.36 billion.

Autodesk — Shares dropped much than 4% aft Autodesk issued brushed guidance connected first-quarter earnings. Otherwise, the bundle institution bushed fourth-quarter expectations connected the apical and bottommost lines, according to Refinitiv.

— CNBC's Michelle Fox, Yun Li and Tanaya Macheel contributed reporting

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