Stocks making the biggest moves premarket: Southwest Airlines, Meta Platforms, Align Technology, EBay and more

1 year ago 91

A Southwest Airlines craft astatine a gross astatine AustinBergstrom International Airport (AUS) successful Austin, Texas, US, connected Thursday, Feb. 16, 2023. 

Jordan Vonderhaar | Bloomberg | Getty Images

Check retired the companies making headlines successful aboriginal greeting trading.

Southwest Airlines — The bearer slid 6% premarket aft reporting a mixed fiscal update aboriginal Thursday. Southwest said concern revenues are continuing to recover, but not yet backmost to backmost to pre-pandemic levels, cited higher costs, including raising its pitchy substance forecast for the afloat twelvemonth to $2.70-2.80 per gallon from an earlier $2.60-2.70.

related investing news

Alphabet net  beats boosted by YouTube, unreality  growth. How the pros are playing the stock

CNBC Pro

Chipotle Mexican Grill — Shares of the burrito concatenation fell much than 8% aft its latest fiscal update showed sales fell short of Wall Street expectations. Chipotle reported $2.51 cardinal successful revenue, portion analysts polled by Refinitiv had expected gross of $2.53 billion.

Edwards Lifesciences — The institution saw its shares autumn 6% aft it posted somewhat better-than-expected net and gross for the 2nd 4th but issued weaker than expected guidance. A guardant net forecast of 55 cents to 61 cents per stock excluding items fell beneath analysts' estimation of 63 cents per share, according to FactSet.

Ebay — Shares of the e-commerce elephantine fell astir 6% aft issuing anemic guidance for the existent quarter. The institution anticipates third-quarter adjusted net per stock of 96 cents to $1.01 per share, portion analysts polled by FactSet estimated $1.02 successful earnings.

Align Technology — The orthodontics institution surged 14% aft posting adjusted net precocious Wednesday of $2.22 per stock for the 2nd quarter, beating estimates of $2.03 per share, according to Refinitiv. Revenue for the 4th besides topped estimates, and gross guidance for the twelvemonth was supra expert expectations.

Meta Platforms — The Facebook genitor jumped astir 9% aft reporting earnings and gross for the 2nd 4th that topped analysts' estimates. Meta besides issued a better-than-expected forecast for the existent play amid a rebound successful integer advertising.

Lam Research — Shares of the semiconductor instrumentality shaper roseate 3% aft the institution reported a beardown 4th precocious Wednesday. Lam posted adjusted net of $5.98 per share, beating estimates by 91 cents per share, per Refinitiv. Revenue of $3.21 cardinal topped expectations of $3.13 billion. Financial surpassed estimates arsenic well.

McDonald's — The ascendant accelerated nutrient concatenation roseate much than 1% aft posting earnings and gross Thursday that topped Wall Street expectations. McDonald's cited a rebound successful China income arsenic good arsenic occurrence from its Grimace Birthday Meal. Same-store income grew 11.7% successful the 2nd quarter.

Honeywell — Shares of the concern institution fell 1.6% aft Honeywell reported a mixed 2nd quarter. The institution earned an adjusted $2.23 a stock connected $9.15 cardinal of revenue. Analysts surveyed by Refinitiv were expecting $2.21 per stock connected $9.17 cardinal of revenue. The thermostat shaper saw income diminution twelvemonth implicit twelvemonth for its information and productivity solutions products.

Mattel — The toymaker's shares slipped astir 1% aft it announced the departure of Richard Dickson, main operating officer, who is leaving to become CEO of Gap. The Barbie shaper besides posted second-quarter adjusted net of 10 cents a stock connected gross of $1.09 billion. Analysts called for a per-share nonaccomplishment of 2 cents and gross of $1 billion, per Refinitiv.

ServiceNow — Shares of the tech institution dipped astir 1% contempt ServiceNow 2nd 4th results beating estimates connected the apical and bottommost lines. ServiceNow reported $2.37 successful adjusted net per stock connected $2.15 cardinal of revenue. Analysts surveyed by Refinitiv were looking for $2.05 per stock connected $2.13 cardinal of revenue. Several Wall Street analysts cited guidance that pointed to slowing maturation connected a changeless currency ground successful the 3rd 4th arsenic a imaginable concern.

Comcast — Shares of the NBC and Xfinity genitor precocious much than 2% aft reporting beardown earnings Thursday morning, citing higher prices that offset slowing broadband growth. It besides said subscribers for its Peacock streaming work astir doubled to 24 cardinal compared to the aforesaid play a twelvemonth ago.

Imax — The large surface movie institution added 6.4% pursuing a beardown second-quarter report. IMAX earned 26 cents per share, excluding one-time items, connected $98 cardinal successful revenue, portion analysts polled by Refinitiv anticipated 16 cents per stock and $86.6 million. Management said that past play was 1 of the champion planetary container bureau performances ever and that an accelerated complaint of signups and installations signals affirmative semipermanent growth.

Sunnova Energy — Shares of the star institution slid much than 7% pursuing weaker-than-expected fiscal results successful the 2nd quarter. Sunnova posted a wider-than-expected nonaccomplishment of 74 cents per share, portion analysts expected a nonaccomplishment of 42 cents per share, according to FactSet. Revenue came successful astatine $166.4 cardinal compared to expectations of $195.5 million.

Disclosure: Comcast owns NBCUniversal, the genitor institution of CNBC.

 — CNBC's Jesse Pound, Alex Harring and Yun Li contributed reporting

Read Entire Article