The exterior of a 787 Dreamliner at Boeing’s North Charleston manufacturing facility on Dec. 13, 2022.
Logan Cyrus | AFP | Getty Images
Check out the companies making the headlines before the call.
Boeing – Boeing shares fell 1.7% in premarket trading, after the plane maker posted missed-expected revenue and earnings, despite a rebound 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 scrapped plans to merge the two companies, a proposal that drew backlash from shareholders.
AT&T – Shares rose 1.8% after the telecommunications giant’s fourth-quarter report on Wednesday showed a rise in subscribers but forecast annual profit to fall short of expectations.
Microsoft – Microsoft shares fell 3% after the software giant shared a dismal earnings forecast for the current quarter. The tech bellwether reported a better-than-expected increase in revenue but said new business growth slowed in December, in its Azure segment.
Omnicom – Shares of the global media company fell 3% after it was announced that BlackRock Inc. increased its stake in the company and now holds a 9.4% stake.
Sunrun, SunPower – Solar companies both fell more than 3% after being cut by Barclays due to declining demand for solar. Sunrun was downgraded from overweight to equal weight, while SunPower was downgraded from equal weight to underweight.
Zoom in – Shares slipped 4% following Piper Sandler’s move to neutral. Knowing that the company has a strong product, management and position, it suggests a relaunch in the US residential solar market in 2023.
Capital one – Financial stocks fell 2.3% after Capital 1 reported disappointing quarterly results. The company earned $3.03 on revenue of $9.04 billion. Analysts polled by StreetAccount expected earnings of $3.87 per share on revenue of $9.07 billion. Net interest income also came in below expectations.
Intuitive surgery – The maker of robotic surgery systems fell 9% after the company reported fourth-quarter revenue and earnings that fell short of expectations. The company cited the resurgence of Covid-19 in China as negatively impacting its operations in the region.
F5 – Shares of web application security company F5 slid 3.7% after reporting earnings in the latest quarter that missed analysts’ expectations and beat expectations for second-quarter earnings.
— CNBC’s Alex Haring, Samantha Subin, Tanaya Mitchell, Carmen Reinicke and Michelle Fox Theobald contributed reporting.
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