NFLX, UAL, PG, ORCL and more
Check out the companies making headlines before the bell. Netflix — Shares popped more than 15% after the company announced a top- and bottom-line beat on Tuesday night. The streaming service earned $4.27 per share on $10.25 billion in revenue for the fourth quarter. Analysts surveyed by LSEG had expected earnings of $4.20 per share and revenue of $10.11 billion. Netflix also topped 300 million paid subscribers in the quarter. United Airlines — The airline stock rose 5% after issuing a better-than-expected outlook . United expects to earn 75 cents to $1.25 per share, after adjustments, in the first three months of 2025, which is more than the 54 cents analysts had expected, per LSEG. Trump Media & Technology — The parent company of Truth Social shed 2%, continuing its post-inauguration slide. Shares dropped around 11% on Tuesday. Procter & Gamble — Shares climbed 3% after P & G posted fiscal second-quarter earnings and revenue that topped analysts’ forecasts. The company reported adjusted earnings of $1.88 per share, while analysts had expected $1.86 per share, according to LSEG. Revenue came in at $21.88 billion, beating estimates of $21.54 billion. P & G cited growing demand for household staples. Oracle — Shares surged more than 10% on the back of President Donald Trump’s announcement of project “Stargate” on Tuesday, a joint venture with OpenAI, Oracle and Softbank to invest up to $500 billion in U.S. artificial intelligence infrastructure. Ford — The automaker’s shares slipped nearly 2% after Barclays downgraded shares to equal weight from overweight. The investment bank expects volume headwinds and cost improvement uncertainty will weigh on the stock. Abbott Labs — The health-care stock fell about 2% after fourth-quarter sales of $10.97 billion came in below the $11.03 billion expected by analysts, according to StreetAccount. Sales at its diagnostics division were down slightly year over year. Abbott expects to earn $1.05 to $1.09 per share on an adjusted basis in the first quarter, below the $1.11 per share expected by analysts, according to FactSet. Seagate Technology Holdings — Shares of the data storage company jumped more than 6% the day after it announced strong fiscal second-quarter results. Seagate Technology posted adjusted earnings of $2.03 per share on revenue of $2.33 billion. Analysts surveyed by LSEG had expected per-share earnings of $1.88 on revenue of $2.32 billion. GE Vernova — The energy company moved about 1% higher after reporting fourth-quarter earnings of $1.73 per share, and reiterating its outlook for 2025. Revenue of $10.56 billion, however, fell short of the $10.79 billion expected by analysts polled by LSEG. Travelers — The insurance stock jumped more than 5% after its fourth-quarter results came in well above estimates. Travelers earned $9.15 per share, topping estimates for $6.64 per share, according to LSEG. Revenue of $12.01 billion also beat analysts’ forecasts for $10.84 billion. Textron — Shares shed nearly 4% after the aviation and defense company missed top-line estimates. Textron posted revenue of $3.61 billion in the fourth quarter, while analysts had called for $3.81 billion, per LSEG. Meanwhile, the company posted adjusted earnings of $1.34 per share, which came in a penny above consensus forecasts. Johnson & Johnson — Shares dipped 1.5% after the drugmaker narrowly beat fourth-quarter expectations , driven by strong sales of its cancer treatment. However, the company’s sales forecast for 2025 was slightly lower than analysts were expecting. — CNBC’s Jesse Pound, Michelle Fox and Pia Singh contributed reporting
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