Stocks moving the most ahead of market: Boeing, AT&T and more

The exterior of a 787 Dreamliner at Boeing’s North Charleston manufacturing plant on December 13, 2022.

Logan Cyrus | AFP | Getty Images

Find out which companies are making headlines before the bell.

Boeing – Boeing shares fell about 1.7% before market after the aircraftmaker posted earnings and revenue that beat expectations, despite a recovery in demand. The company cited labor and supply shortages for the disappointing numbers.

press company, FoxNews – Shares of News Corp and Fox News rose 4.9% and 1.8%, respectively, after Rupert Murdoch abandoned plans to merge the two companies, a proposal that was rebuffed by shareholders.

AT&T – Shares rose 1.8% after the telecom giant’s fourth-quarter report was released on Wednesday, showing an increase in subscribers but forecasting annual profit below expectations.

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

Omnicom – Shares of the global media company fell 3% after it was revealed that BlackRock Inc. had added to its stake in the company, now holding 9.4% of the shares.

sunrun, Sun Power — Solar companies both fell more than 3% after being downgraded by Barclays due to a potential slowdown in solar demand. Sunrun was downgraded to equal weight from overweight, while SunPower’s rating was downgraded to underweight from equal weight.

Phase – Shares slid 4% following a Piper Sandler downgrade to neutral from buying. The company pointed to a potential U.S. residential solar market reset coming in 2023, while acknowledging that the company has a strong product, management and position.

Capital one — The financial stock fell 2.3% after Capital One released 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 was also lower than expected.

Intuitive surgery – The maker of robotic surgical systems suffered a 9% decline after the company reported fourth-quarter earnings and revenue just below expectations. The company cited a resurgence of Covid-19 in China which negatively impacted procedural volumes in the region.

F5 – Shares of the web application security company fell 3.7% after F5 reported earnings for its latest quarter that missed analysts’ expectations and released a weaker-than-expected second-quarter profit forecast .

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

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