Check out the companies making the biggest moves in premarket trading: Meta – Shares surged 17% after the tech giant reported triple fourth-quarter profit and issued its first dividend payment. Earnings per share came in at $5.33, more than the $4.96 expected by analysts surveyed by LSEG. Revenue was $40.11 billion, exceeding the consensus estimate of $39.18 billion. Amazon – The e-commerce giant surged nearly 7% a day after reporting a surge in earnings and revenue. Amazon’s fourth-quarter earnings were $1 per share, compared with analysts’ expectations of 80 cents, according to LSEG. Revenue came in at $169.96 billion, surpassing the consensus estimate of $166.21 billion. Bristol-Myers Squibb – Shares rose 2.4% after the pharmaceutical company reported fourth-quarter adjusted earnings of $1.70 on revenue of $11.48 billion, beating estimates of $1.53 on revenue of $11.19 billion, according to LSEG. Chevron – Oil stocks rose less than 1% after Chevron reported mixed earnings for the fourth quarter and raised its dividend by 8%. Adjusted earnings per share were $3.45, more than the $3.21 expected by analysts surveyed by LSEG. Deckers Outdoor – The footwear stock rose 10% a day after Deckers Outdoor reported fiscal third-quarter earnings of $15.11 per share, beating the $11.48 expectations of analysts surveyed by LSEG. Revenue came in at $1.56 billion, beating the consensus estimate of $1.45 billion. Exxon Mobil – Shares fell less than 1% after the oil giant reported fourth-quarter earnings. The company reported earnings of $2.48 per share, while analysts surveyed by LSEG had expected $2.21 per share. Meanwhile, net income declined 40% year-on-year due to weak oil prices. Skechers – Stock fell nearly 9% a day after the sneaker maker posted mixed fourth-quarter results and issued light guidance for the full year. Skechers guided for revenue of $8.6 billion to $8.8 billion and earnings of $3.65 to $3.85 per share in 2024. Analysts polled by LSEG expected revenue of $8.9 billion this year and guidance for earnings of $4.18 per share. Apple – Shares of the consumer tech giant fell more than 3% after Apple provided guidance for the current quarter that pointed to weak iPhone sales. Despite a decline in sales in China, the company reported fourth-quarter earnings per share of $2.18, better than the $2.10 expected by analysts, according to LSEG. Clorox – Shares rose 7% a day after the consumer products maker reported a rise in earnings and revenue for its fiscal second quarter. Clorox reported adjusted earnings of $2.16 per share on revenue of $1.99 billion, better than the adjusted earnings of $1.10 per share on revenue of $1.80 billion expected by analysts surveyed by LSEG. Microchip Technology – Semiconductor stocks fell nearly 3% after Microchip Technology gave a weak outlook for its fiscal fourth quarter. The company also reported revenue in line with analysts’ expectations. Cigna – The health insurer added 3.6% after reporting a decline in earnings and revenue for the fourth quarter and raised its dividend by nearly 14%. Singa also raised its full-year revenue outlook to at least $235 billion, above the consensus estimate of $228.65 billion, according to StreetAccount. Mattel – The Barbie owner gained nearly 3% after the Wall Street Journal reported that activist investor Barrington Capital has built an undisclosed stake in Mattel and is seeking changes to boost the toymaker’s stock. Sea Limited – The Internet stock rose 1.6% after Citi upgraded Sea Limited to buy from neutral, and raised its price target, meaning the US-listed shares could climb more than 20%. The Wall Street firm said the e-commerce platform has reached an “inflection point.” — CNBC’s Hakyung Kim, Sarah Min and Jesse Pound contributed reporting.
Source: www.cnbc.com
