A pedestrian walks by a Mattress Bathtub and Past retailer in San Francisco, California.
Justin Sullivan | Getty Pictures
Take a look at the businesses making headlines earlier than the bell.
Verizon — Verizon shares slipped 1.51% after the corporate posted blended outcomes for the 2022 fourth quarter. Whereas earnings met analyst predictions, ahead earnings fell wanting a Refinitiv consensus estimate. .
associated investing information
Bed Bath & Beyond — The meme inventory gained 5.78%, constructing on its dramatic begin to the yr, even as the retailer warns of a potential bankruptcy. 12 months thus far, Mattress Bathtub & Past shares are up 17.1%.
Lyft — The ride-sharing inventory gained 3.4% following an improve from KeyBanc, which Lyft should feel positive impacts from cost-saving measures together with layoffs and a stabilization in demand.
Johnson & Johnson — Shares of the drug maker ticked larger by lower than 1% premarket after the corporate reported blended quarterly monetary outcomes. Johnson & Johnson beat revenue estimates by 10 cents per share, excluding gadgets, in line with Refinitiv. It additionally missed income estimates. Its full-year outlook for earnings was barely larger than estimates whereas its income forecast was about in keeping with estimates.
Blackstone — Shares rose 1.3% after JPMorgan upgraded Blackstone to chubby from impartial, saying the funding administration agency is a “greatest in school” enterprise that is set for a gentle touchdown.
Lululemon — The athleisure retailer fell 2.07% after Bernstein downgraded the stock, warning {that a} reset is coming for the attire inventory and noting the corporate is dealing with an inflection level in its progress.
Lockheed Martin — Lockheed Martin shares gained 1.52% after the corporate posted newest quarterly outcomes. The protection firm’s income got here in at $18.99 billion, topping a Refinitiv forecast of $18.27 billion. Lockheed’s earnings per share additionally topped expectations.
AMD — The chip inventory fell greater than 2% in premarket after Bernstein downgraded the chipmaker to market carry out from outperform. The Wall Avenue agency stated the downgrade is as a result of sliding laptop and new elements demand within the inflationary surroundings.
— CNBC’s Alex Harring, Yun Li, Tanaya Macheel and Sarah Min contributed reporting
