The Levi Strauss & Co. statement is seen connected jeans successful a store astatine the Woodbury Common Premium Outlets successful Central Valley, New York, U.S., February 15, 2022.
Andrew Kelly | Reuters
Check retired the companies making the biggest moves earlier the bell:
Levi Strauss — The apparel retailer fell 7.7% aft slashing its nett outlook for the year postmarket Thursday. Levi present expects adjusted net per stock of $1.10 to $1.20 for the year, down from $1.30 to $1.40 previously. Analysts had expected adjusted net per stock of $1.29, according to Refinitiv.
Biogen — Trading of the biotech banal resumed earlier the marketplace opened Friday, aft being halted Thursday connected quality that the Food and Drug Administration approved Biogen and Esai's Alzheimer's attraction cause Lequembi. Medicare besides announced it volition screen payments for the treatment. Shares were up 0.3%.
Alibaba — U.S. listed shares of the Chinese ecommerce retailer gained astir 3% earlier the opening bell. On Friday, Reuters reported its affiliate Ant Group faces a $1.1 cardinal good by Chinese authorities, which could wide the mode for Ant to get indispensable licenses and possibly yet spell public. Also Friday, Alibaba launched its A.I. tool, Tongyi Wanxiang.
First Solar - Shares added 1.7% aft the star institution secured a five-year revolving recognition and warrant installation worthy $1 billion. JPMorgan Chase volition enactment arsenic the pb arranger.
Bloom Energy — Bloom Energy shares roseate 2% premarket. RBC Capital Markets initiated coverage of the electrical and hydrogen powerfulness institution with an outperform rating, saying the banal could leap much than 50% connected beardown request for substance cells.
Costco — Shares of the nine retailer were down 0.7% postmarket Thursday aft Costco announced $22.86 cardinal successful income for the retail period of June, up conscionable 0.4% twelvemonth implicit year. Comparable income successful the U.S. were down 2.5% twelvemonth implicit year.
Tesla — Shares were down fractionally following reports that Tesla announced a caller currency rebate successful China and laid disconnected immoderate workers successful Shanghai.
Meta — The Facebook genitor added 0.3% 1 time aft saying it surpassed 30 cardinal users connected its Twitter competitor, Threads, which launched Wednesday. Following thedebut, Twitter sent a letter to Meta accusing it "systemic' and "unlawful misappropriation" of commercialized secrets
—CNBC's Jesse Pound and Sarah Min contributed reporting.