Stocks make the biggest moves premarket: Boeing, AT&T and more

The exterior of a 787 Dreamliner at the Boeing plant in North Charleston, on Dec. 13, 2022.

Logan Cyrus | AFP | Getty Images

Check out the companies making headlines before the bell rings.

Boeing – Shares of Boeing fell about 1.7% premarket after the aircraft maker posted earnings and earnings that beat expectations despite a recovery in demand. The company cited labor and supply shortages for the disappointing numbers.

News Corporation, Fox news — Shares of News Corp and Fox News rose 4.9% and 1.8%, respectively, after Rupert Murdoch dropped plans to merge the two companies, a proposal that met with opposition from shareholders.

AT&T — Shares rose 1.8% after the telecommunications giant’s fourth-quarter report came out Wednesday, which showed subscriber growth but predicted annual gains that fell short of expectations.

Microsoft — Microsoft shares fell nearly 3% after the software giant shared a gloomy revenue forecast for the current quarter. The tech gauge beat earnings expectations, but said new business growth slowed in December, including within the Azure segment.

Omnicom — Shares of the global media company fell 3% after it was announced that BlackRock Inc. had expanded his stake in the company and now owns 9.4% of the shares.

Sunbathing, Solar power — Solar companies both fell more than 3% after being cut by Barclays over a possible slowdown in solar demand. Sunrun was downgraded from overweight to equal weight, while SunPower’s rating was downgraded to underweight equal weight.

Enphase — Shares fell 4% after Piper Sandler downgraded to neutral from buying. The company pointed to a possible reset in the US residential solar market in 2023, while still acknowledging that the company has a strong product, management and position.

Capital one — The financial stock fell 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 had expected earnings of $3.87 per share on revenue of $9.07 billion. Net interest income also fell short of expectations.

Intuitive surgical – The roboticsurgical system maker suffered a 9% decline after the company reported fourth-quarter revenue and revenue that fell just short of expectations. The company cited a resurgence of Covid-19 in China negatively impacting procedure volumes in the area.

F5 – Shares of the web application security firm fell 3.7% after F5 reported earnings for its most recent quarter that beat analysts’ expectations and issued weaker-than-expected earnings estimates for the second quarter.

– CNBC’s Alex Harring, Samantha Subin, Tanaya Macheel, Carmen Reinicke and Michelle Fox Theobald contributed to the reporting.

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