Stocks making the biggest moves premarket: Kraft Heinz, Paramount, Airbnb, Tripadvisor and more

Check retired the companies making headlines earlier the bell.

Devon Energy — Shares fell 6.4% aft the vigor institution reported fourth-quarter net and gross that some came successful nether the respective statement estimates of analysts polled by Refinitiv.

Airbnb — The home-sharing institution gained astir 10% successful the premarket aft posting fourth-quarter earnings that bushed analysts' expectations. Airbnb reported net per stock of 48 cents, compared to the 25 cents expected, per Refinitiv. Its net came successful astatine $1.90 billion, higher than the forecasted $1.86 billion.

Generac — Shares added much than 2% aft the powerfulness generator shaper reported fourth-quarter net results. Generac posted earnings of $1.78 per share, amended than the $1.75 per stock expected by analysts polled by FactSet. However, Generac reported revenues of $1.05 billion, little than statement expectations of $1.07 billion.

Analog Devices — Shares were up 6.7% successful premarket trading aft the institution reported better-than-expected earnings for the fiscal archetypal quarter. The chipmaker posted adjusted net per stock of $2.75, higher than the $2.61 expected from analysts connected FactSet. Its gross came successful astatine $3.25 billion, supra Wall Street's expectations of $3.15 billion.

Kraft Heinz — Shares dropped 2.2% aft the nutrient and beverage institution said net for this fiscal twelvemonth would beryllium betwixt $2.67 and $2.75 a share. That's beneath the statement estimation of $2.77 a stock from analysts collected by FactSet. The institution nevertheless reported net that bushed analysts' expectations for the past quarter.

Paramount Global — Shares gained 2.5% premarket aft Berkshire Hathaway increased its stake successful the streaming giant, according to the latest regulatory filings. Warren Buffet's steadfast present owns much than 93 cardinal shares successful the amusement company.

Biogen — Shares of the biotech institution fell little than 1% successful pre-market trading aft Biogen reported its 4th fourth results. The institution reported $4.05 successful adjusted net per share, topping the $3.49 expected by analysts, according to FactSet's StreetAccount. However, the institution did task a diminution successful gross for 2023, adjacent if Biogen gets a favorable ruling successful a European Union lawsuit that is expected adjacent month.

American Eagle Outfitters — Shares fell 3.4% aft Jefferies downgraded the apparel company to clasp from buy, citing the historically debased show of the covering and footwear class implicit the past 8 recessions.

Tripadvisor — Shares of the online question institution soared by 9% aft posting fourth-quarter revenue, net and currency travel that were higher than analysts' estimates.

Taiwan Semiconductor Manufacturing — Shares of the planetary semiconductor shaper dropped 5% aft Warren Buffett's Berkshire Hathaway appeared to marque a U-turn connected the Taiwanese company. Berkshire chopped its involvement successful the 4th fourth by astir 86% from the 3rd quarter, an antithetic determination for a an capitalist known to clasp shares for the long-term. Berkshire present owns conscionable $618 million.

GoDaddy — Shares fell 2.6% aft the merchandise developer posted quarterly net of 62 cents per share, abbreviated of net per stock estimates of 64 cents from FactSet's StreetAccount.

— CNBC's Sarah Min, Alex Harring, Jesse Pound, and Michelle Fox Theobald contributed reporting.