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Check out the companies making headlines before the bell. Intel — The chipmaker fell more than 10% after reporting weaker-than-expected first-quarter guidance. The company currently expects revenue in the range of $12.2 billion to $13.2 billion, compared to analyst estimates compiled by LSEG of $14.16 billion. American Express — Shares rose 3% after the company reported better-than-expected full-year earnings guidance, although fourth-quarter results fell short of expectations. American Express expects full-year earnings to range from $12.65 to $13.15 per share, compared to the Street Account consensus estimate of $12.38 per share. T-Mobile — The telecommunications company fell 2% after reporting mixed fourth-quarter results. Earnings per share came to $1.67, below the $1.91 expected by analysts polled by FactSet. T-Mobile’s revenue was $20.48 billion, beating expectations of $19.67 billion. Western Digital — Western Digital’s stock price fell about 4% despite the company giving a positive fiscal third-quarter outlook with better-than-expected sales and a smaller-than-expected loss per share. Western Digital posted a loss of 69 cents per share on revenue of $3.03 billion. This beat the forecast of a loss per share of $1.13 and revenue of $2.99 billion by analysts surveyed by LSEG. KLA Corporation — The semiconductor equipment maker fell 4% after reporting a downbeat fiscal outlook for the third quarter. KLA Corporation beat Wall Street’s profit and revenue expectations in the latest quarter, but profits declined from a year ago. Visa — Visa shares fell 3% even though the company beat quarterly estimates. However, the digital payments company revised its operational spending guidance upwards and said payment volumes had slowed in January. Snap — Shares jumped 3% after Deutsche Bank upgraded Snap from hold to buy, saying there was a “clear and strong catalytic path towards earnings and EBITDA correction.” The Wall Street firm raised its price target to $19 from $10, an increase of more than 16% from Thursday’s closing price of $16.29. Levi Strauss – Shares of the denim maker fell nearly 2% in premarket trading after the company announced Thursday that fourth-quarter earnings fell short of expectations. The company also predicted a decline in sales this year and announced plans to lay off 10% to 15% of its global workforce. Coinbase – The cryptocurrency services company was helped by rising Bitcoin prices, rising more than 4% on Friday morning. Additionally, the stock received an upgrade from Oppenheimer to Overperform based on a number of positives expected this year. Colgate-Palmolive — The housewares and consumer products maker is trading near flat after reporting fourth-quarter results that slightly beat Wall Street expectations. Colgate-Palmolive reported adjusted earnings of 87 cents per share on sales of $4.95 billion, and said it expects full-year net sales growth to be 1% to 4%. Capital One Financial — Financial stocks fell more than 1% in thin trading after Capital One reported lower fourth-quarter profits. The company’s earnings per share were $1.67, down from $4.45 in the third quarter and $3.03 a year earlier. Capital One said the quarter included a special assessment from the Federal Deposit Insurance Corporation, which lowered its earnings per share by 57 cents, but even without that impact, profits would have been lower. It’s called deaf. — CNBC’s Tanaya Machel, Brian Evans, Sarah Min, Michelle Fox and Jesse Pound contributed reporting.
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