Search

Stocks making the biggest moves premarket: Boeing, News Corp, AT&T, Microsoft and more - CNBC

In this article

The exterior of a 787 Dreamliner at the Boeing manufacturing facility in North Charleston, on December 13, 2022. 
Logan Cyrus | AFP | Getty Images

Check out the companies making headlines before the bell.

Boeing – Boeing's stock dropped about 1.7% premarket after the aircraft maker posted earnings and revenue that missed expectations, despite a demand recovery. The company cited labor and supply shortages for the disappointing numbers.

News Corporation, Fox News — Shares of News Corp and Fox News were up 4.9% and 1.8%, respectively, after Rupert Murdoch ditched plans to merge the two companies, a proposition that met pushback from shareholders.

​​AT&T — Shares were up 1.8% after the telecommunications giant's fourth-quarter report came out Wednesday, showing an increase in subscribers but forecasting an annual profit below expectations.

Microsoft — Microsoft shares declined by nearly 3% after the software giant shared a dismal revenue forecast for the current quarter. The tech bellwether topped earnings expectations but said new business growth slowed in December, including within its Azure segment.

Omnicom — Shares of the global media firm were down 3% after it was disclosed that BlackRock Inc. added to its stake in the company, now owning 9.4% of shares.

Sunrun, SunPower — The solar companies both fell more than 3% after being downgraded by Barclays due to a potential slowdown in solar demand. Sunrun was downgraded to equal weight from overweight, while SunPower's rating was slashed to underweight from equal weight.

Enphase — Shares slid 4% following a downgrade from Piper Sandler to neutral from buy. The firm pointed to a potential reset in the U.S. residential solar market coming in 2023, while still acknowledging that the company has a strong product, management and position.

Capital One — The financial stock dropped 2.3% after Capital One reported disappointing quarterly results. The company earned $3.03 per share on revenue of $9.04 billion. Analysts polled by StreetAccount expected a profit of $3.87 per share on revenue of $9.07 billion. Net interest income also came in below expectations.

Intuitive Surgical – The maker of robotic surgical systems suffered a 9% drop after the company reported fourth-quarter earning and revenue that fell just short of expectations. The company cited a Covid-19 resurgence in China that negatively impacted procedure volumes in the area.

F5 – Shares of the web application security company slid 3.7% after F5 reported revenue for its most- recent quarter that missed analyst expectations and issued weaker-than-expected earnings guidance for the second quarter.

— CNBC's Alex Harring, Samantha Subin, Tanaya Macheel, Carmen Reinicke, and Michelle Fox Theobald contributed reporting.

Adblock test (Why?)



"corp" - Google News
January 25, 2023 at 08:13PM
https://ift.tt/nb3yOVd

Stocks making the biggest moves premarket: Boeing, News Corp, AT&T, Microsoft and more - CNBC
"corp" - Google News
https://ift.tt/y7SlxLv
Shoes Man Tutorial
Pos News Update
Meme Update
Korean Entertainment News
Japan News Update

Bagikan Berita Ini

0 Response to "Stocks making the biggest moves premarket: Boeing, News Corp, AT&T, Microsoft and more - CNBC"

Post a Comment

Powered by Blogger.