Stocks making the biggest moves premarket: KO, SHOP, SNAP, FSLR
Check out the companies making headlines in premarket trading. Coca-Cola — The soda maker popped 3% after beating Wall Street expectations on both lines for the fourth quarter. Coca-Cola earned 55 cents adjusted per share on $11.54 billion in revenue, while analysts polled by LSEG forecasted 52 cents in earnings per share and $10.68 billion in revenue. DuPont de Nemours – Shares jumped 5% after the chemical company’s fourth-quarter results topped Wall Street expectations. DuPont posted adjusted earnings of $1.13 per share on revenue of $3.09 billion. That’s above the 98 cents per share and $3.07 billion in revenue that analysts surveyed by LSEG were expecting. AutoNation – The stock gained about 1% following the automotive retailer’s better-than-expected results for the fourth quarter. The company reported adjusted earnings of $4.97 per share on $7.21 billion in revenue, while analysts polled by LSEG penciled in earnings of $4.26 per share and $6.80 billion in revenue. Shopify — The commerce stock dropped 3%. That comes despite the company reporting $2.81 billion in revenue for the fourth quarter, exceeding the estimate of $2.73 billion from analysts surveyed by FactSet. Fluence Energy — The energy storage stock plunged 41% after the company reported a bigger-than-expected loss for the fiscal first-quarter. Fluence said it lost 32 cents per share, while analysts polled by FactSet anticipated a drop of just 19 cents a share. The firm saw revenue of $186.8 million, well under the consensus forecast of $362.5 million. Lattice Semiconductor — Shares surged 14% after revenue surpassed Wall Street’s predictions. The chipmaker posted $117.4 million, above the consensus estimate of $117.1 million from analysts polled by LSEG. Astera Labs — The semiconductor play dropped 4.2% despite fourth-quarter earnings coming in stronger than penciled in by analysts polled by LSEG. Earnings guidance for the first quarter was also better than expected. Coty — The stock slipped 2.5% after the beauty products manufacturer reported a fiscal second-quarter earnings and revenue miss. Cody also expects foreign-exchange headwinds to weigh on reported sales in the second half of the year. CoreCivic — The private prison stock retreated 5% as the company’s full-year earnings guidance disappointed the Street. CoreCivic told investors to expect per-share earnings to come in between 48 cents and 61 cents for the full year. while analysts surveyed by LSEG were anticipating 82 cents a share. That overshadowed a better-than-expected quarterly report. Steel Dynamics — Shares rose 2% after KeyBanc upgraded the American steel producer to overweight from sector weight, saying President Donald Trump’s steel and aluminum duties will boost the stock. Compass — Shares popped 4.5% after UBS upgraded the residential real estate broker, saying it has nearly 50% upside after its recently closed acquisition. Snap — The social media platform pulled back 1.8% on the heels of Guggenheim’s downgrade to neutral from buy. Guggenheim said Snap’s plans for investment will likely pressure profit. First Solar — The solar stock rose nearly 2% in premarket after Mizuho upgraded the name to outperform from neutral. The Wall Street firm said its opinion on the sales outlook post-2026 has materially improved, while it thinks the fears around the Trump administration’s negative impact on the industry are overblown. — CNBC’s Jesse Pound, Sean Conlon, Sarah Min, Yun Li and Michelle Fox contributed reporting.
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