A traveler walks toward the Uber rideshare conveyance pickup country astatine Los Angeles International Airport (LAX) connected February 8, 2023 successful Los Angeles, California.
Mario Tama | Getty Images
Check retired the companies making headlines earlier the bell:
First Republic Bank — The San Francisco-based slope banal jumped 45% aft closing down 61.8% connected Monday. First Republic shares roseate amid a broader rebound successful determination slope stocks. Western Alliance Bancorp and KeyCorp climbed 33% and 16%, respectively. Separately, Western Alliance roseate aft Wells Fargo reiterated its overweight standing connected the stock, saying the risk/reward is charismatic for the stock.
Uber, Lyft, Doordash — Shares of ride-sharing companies Uber and Lyft, and bid transportation steadfast Doordash, roseate much than 5% each aft a California appeals tribunal said the companies tin proceed to dainty their drivers arsenic autarkic contractors. That overturned a little tribunal determination that prevented them from doing so.
Credit Suisse — The slope banal fell by astir 1.6% aft Credit Suisse said it had recovered "material weaknesses" successful its fiscal reporting processes for 2022 and 2021. Earlier Thursday morning, shares fell by 5% to deed a caller all-time low.
United Airlines — The hose fell 5.4% successful the premarket, a time aft forecasting a first-quarter loss. United cited weaker request maturation compared with different months and higher substance costs. It expects an adjusted quarterly nonaccomplishment of betwixt 60 cents and $1 per share, much than its erstwhile forecast of adjusted net of 50 cents and $1 per share.
Buzzfeed — Buzzfeed shares dropped 10% aft the net media institution issued a anemic first-quarter gross outlook. Buzzfeed guided for gross of $61 to $67 million, compared to expectations of $83.6 million, according to FactSet. Otherwise, the steadfast bushed income expectations successful its 4th fourth results, according to FactSet.
Gitlab — Shares plunged 29% aft GitLab issued a softer-than-expected outlook. It posted fiscal-year 2024 gross guidance of $529 cardinal to $533 million, little than a Refinitiv forecast of $586.4 million. Otherwise, the steadfast reported a bushed connected the apical and bottommost lines successful its 4th fourth results, per Refinitiv.
Honeywell International — Honeywell shares roseate 0.4% aft the conglomerate announced that Vimal Kapur, president and main operating officer, volition win Darius Adamczyk arsenic CEO. The modulation volition instrumentality spot connected June 1.
Match Group — Shares added 2% aft Barclays upgraded Match Group to overweight from adjacent weight, saying it's transitioned to a worth banal from an Internet maturation banal implicit the past fewer years.
Southwest Airlines — Shares roseate 0.5% aft Southwest Airlines CEO said it would increase wintertime staffing and equipment to debar a repetition of wide cancelations implicit the vacation season.
Cvent, Blackstone — Cvent shares dropped much than 3% aft the meetings and events tech steadfast said it would beryllium acquired by Blackstone successful a $4.6 cardinal transaction. Blackstone shares roseate 1.8%.
— CNBC's Michelle Fox contributed reporting