Stocks making the biggest moves premarket: Boeing, McDonald’s, Enphase Energy, Coca-Cola and more
Review the top business highlights prior to market opening.
— The stock took a significant 6% hit due to a reported E. coli outbreak linked to Quarter Pounder burgers, which resulted in 10 hospitalizations and a fatality as per the U.S. Centers for Disease Control and Prevention.
Starbucks — Shares dropped by 4.5% after preliminary Q4 results showed a slump in sales, leading to a suspension of their 2025 forecast.
— The aeronautics giant’s stock slightly declined by 0.6% post their Q3 earnings release, despite revenues of $17.84 billion exceeding LSEG’s predicted $17.82 billion.
Enphase Energy — Following a modest Q4 revenue prediction, the solar energy tech firm’s shares plunged 15%. The anticipated figures are also lower than the LSEG forecast.
— The telecom titan’s shares increased by more than 2% due to an earnings beat in Q3, although the revenue failed to meet consensus estimates.
— Despite surpassing Q3 expectations, shares experienced a minor decline of 2.1%. The company also mentioned potential currency headwinds impacting 2022 results, while the complete 2025 outlook is yet to be revealed.
— The hospitality chain’s shares dipped 4.3% post Q3 earnings, with revenues falling short of analyst expectations and a gloomy Q4 earnings forecast.
— The semiconductor giant’s shares increased by 3% after surpassing Q3 earnings and revenue estimates.
Seagate Technology — The data storage company’s stock fell over 4% despite Q2 revenue projections and Q1 results meeting estimates.
— The US shares of this banking powerhouse fell around 2% due to Q3 profits being lower than expected.
— The electric power company faced a 4% loss in shares after reporting Q3 earnings below analyst expectations.
— A potential license agreement cancellation with British chip designer Arm led to the shares dipping 3.5%.
– The tech company’s shares skyrocketed over 25% post Q1 earnings that exceeded Wall Street expectations.
— The RV manufacturer shares dropped over 8% as its Q4 earnings were below expectations, and full-year guidance missed estimates.
— The defense contractor’s shares slightly declined by 1.3% post Q3 earnings, which missed analyst’s projections.
— The budget airline’s shares soared over 28% on news of resumed merger talks with Frontier Airlines, as reported by The Wall Street Journal.
