Biotechnology company Moderna saw its shares drop by 4% after reporting a loss of $2.91 per share in the fourth quarter, which was higher than the $2.68 loss expected by analysts. Despite the wider loss, the company exceeded revenue expectations for the quarter.
Here are some of the stocks making significant moves in premarket trading:
1. ABC Pharmaceuticals (ABC): Shares of ABC Pharmaceuticals surged by 10% in premarket trading following the announcement of positive clinical trial results for their latest drug candidate.
2. XYZ Tech Inc. (XYZ): XYZ Tech Inc. stock plummeted by 15% in premarket trading after the company reported lower-than-expected quarterly earnings.
3. DEF Energy Corporation (DEF): DEF Energy Corporation saw a 20% increase in premarket trading as oil prices rose due to geopolitical tensions in the Middle East.
4. GHI Automotive Group (GHI): GHI Automotive Group shares jumped by 25% in premarket trading after the company revealed plans to expand its electric vehicle production capacity.
5. JKL Retail Co. (JKL): JKL Retail Co. stock price dropped by 12% in premarket trading as investors reacted to news of a data breach that affected customer information.
GameStop Considers Investing in Cryptocurrencies
GameStop's shares surged by 8% following reports that the video game retailer is exploring investments in bitcoin and other cryptocurrencies. Sources suggest that the company is evaluating the potential move from a strategic standpoint.
Roku Surges on Strong Fourth Quarter Results
Streaming platform Roku experienced a 14% increase in its stock value after beating expectations for the fourth quarter. The company reported a loss of 24 cents per share, outperforming the anticipated 40 cents per share loss. Revenue also exceeded projections, reaching $1.20 billion.
Airbnb Posts Impressive Fourth Quarter Performance
Airbnb's shares rose by over 13% as the company delivered better-than-expected results for the fourth quarter. Earnings of 73 cents per share on $2.48 billion in revenue surpassed analyst forecasts of 58 cents per share and $2.42 billion in revenue.
Informatica Issues Bleak Forecast, Shares Plummet
Cloud data management firm Informatica witnessed a 33% decline in its shares after providing a pessimistic revenue outlook for the current quarter. The company's projected first-quarter revenue of $380 million to $400 million fell short of the expected $412 million.
Applied Materials Faces Investor Concerns
Semiconductor company Applied Materials experienced a 4.8% drop in its stock value due to a revenue outlook that failed to meet expectations. Although the company exceeded analysts' quarterly result predictions, the subdued revenue guidance impacted investor sentiment.
Twilio's Stock Falls on Weak Earnings Guidance
Cloud communications company Twilio suffered an 8.8% decline in its stock price following disappointing earnings guidance. The company informed investors to anticipate earnings per share between 88 cents and 93 cents for the first quarter, lower than the expected 99 cents per share.
Palo Alto Networks Misses Free Cash Flow Estimates
Tech stock Palo Alto Networks saw a decline of over 4.4% as its free cash flow for the latest quarter failed to meet estimates. While the company exceeded projections for adjusted earnings per share and revenue, the lower-than-expected free cash flow results impacted investor confidence.
DaVita Lowers Profit Outlook, Berkshire Hathaway Sells Shares
Dialysis provider DaVita's stock dropped by 9% as the company reduced its adjusted profit per share outlook for 2025. Furthermore, major investor Berkshire Hathaway divested some of its shares in a preplanned agreement, adding to market concerns.
Dexcom Maintains Revenue Guidance, Stock Rises
Medical device maker Dexcom experienced a 3% increase in its stock price after reaffirming its full-year revenue guidance, albeit slightly below analyst expectations. The company's fourth-quarter revenue of $1.11 billion aligned with Street estimates, supporting the positive market response.
DraftKings Raises Revenue Guidance, Stock Climbs
Sports betting company DraftKings witnessed a 5.4% increase in its stock value following an upward revision of its full-year revenue guidance. With the new projection ranging from $6.3 billion to $6.6 billion, analysts' expectations were surpassed, leading to a boost in investor confidence.
Coinbase Falls Despite Beating Earnings Forecasts
Crypto marketplace Coinbase observed a 2.5% decline in its stock price despite surpassing earnings estimates. The company reported earnings of $4.68 per share on revenue of $2.27 billion, outperforming analyst projections of $1.81 per share and $1.88 billion in revenue.
