Stocks making the biggest moves before the bell: Snap, Uber, Chipotle, Alibaba and more
Don’t miss out on the companies making waves before the markets open.
— A disappointing earnings report sent the social media company’s shares crashing by 32.2% in pre-market trading. Citing disruptions from the Israel-Hamas conflict, Snap also offered a lackluster outlook.
— This Chinese e-commerce titan saw an uptick in its pre-market trading value of up to 5%, even after posting revenue that fell short of analysts’ forecasts. Despite this, Alibaba further boosted its share buyback scheme with an additional $25 billion.
— The parent company of KFC, Taco Bell, and Pizza Hut saw its shares dip 1.3% following a Q4 earnings and revenue miss. Analysts were expecting an EPS of $1.40 and revenue of $2.11 billion, however, the company reported $1.26 and $2.04 billion respectively.
— The pharmacy chain’s stocks rose by 1.8% after its Q4 results beat Wall Street predictions, citing a strong performance in its health services sector. The company, however, revised its full-year forecast downwards, citing increased medical costs.
— The ride-hailing giant’s shares slid 1.8% in spite of impressive earnings. Uber reported an earnings per share of 66 cents alongside a revenue of $9.94 billion, surpassing LSEG analyst projections.
— The fast-food restaurant chain saw its shares increase 2.5% after better-than-expected earnings. Along with beating top and bottom line estimates, Chipotle also reported over 7% growth in restaurant traffic.
— The car manufacturer’s shares surged 6% following an optimistic 2024 guidance and a Q4 report surpassing analyst expectations. Furthermore, Ford announced a special dividend of 18 cents per share on top of its regular first-quarter dividend of 15 cents.
— The solar company’s shares soared 13.2%, despite a less-than-stellar Q1 earnings report and muted revenue forecasts. The company reported earnings of 54 cents per share and revenue of $303 million, missing FactSet analyst predictions.
— The audio device manufacturer’s shares jumped 10.1% after reporting better-than-expected earnings and confirming its guidance, beating analyst predictions.
— The cybersecurity firm saw its shares rise 9.3% one day after its Q4 earnings beat analyst estimates, drawing attention away from a weaker earnings outlook.
— Shares in Warner Bros. Discovery jumped 3% after announcing a joint venture with Fox and Walt Disney’s ESPN for a sports streaming platform. Walt Disney saw a slight decrease in share value, while Fox Class A shares also increased by 3%.
