Check out the companies making headlines before the bell:
Boeing (BA) – Boeing posted a loss of $7.69 per share in the fourth quarter as it took $4.4 billion in charges related to various issues, including delivery delays of the 787 widebody aircraft. Analysts had expected a loss of 42 cents per share. Boeing generated positive cash flow for the quarter, the first time since the first quarter of 2019, and the stock rose 1.1% premarket.
AT&T (T) – AT&T gained 1% in premarket after reporting better-than-expected fourth-quarter earnings and revenue. AT&T beat estimates by 2 cents with adjusted quarterly earnings of 78 cents per share, helped by strong growth at its HBO Max unit.
Mattel (MAT) – Mattel jumped 7.9% in premarket trading after the Wall Street Journal reported that Mattel had reclaimed the rights to produce toys based on Walt Disney’s “Frozen” franchise from Hasbro (HAS ). Hasbro fell 1.7%.
Corning (GLW) – Corning rose 7.7% in premarket trading after reporting better-than-expected quarterly earnings and revenue. The materials science company also issued an upbeat forecast, as it forecasts growth in areas including optical components, life sciences and automotive.
Kimberly-Clark (KMB) – Shares of the consumer products company fell 4.4% in premarket after it posted weaker-than-expected revenue and earnings forecasts. Kimberly-Clark, however, reported better-than-expected fourth-quarter earnings and revenue.
DraftKings (DKNG) – The sports betting company’s stock jumped 6.7% pre-market after Morgan Stanley moved it from “overweight” to “online”. The company said the US sports betting and gambling market would likely be very large with only a few winners, and DraftKings would be one of them.
Microsoft (MSFT) – Microsoft reported quarterly earnings of $2.48 per share, 17 cents above estimates, with revenue also beating Wall Street forecasts. Microsoft also made an optimistic outlook for the current quarter, as cloud services revenue continued to show strong growth. Microsoft rose 3.8% in premarket trading.
Texas Instruments (TXN) – Texas Instruments earned $2.27 per share for its latest quarter, versus a consensus estimate of $1.94, and revenue above estimates. The chipmaker also released an outlook that beat analysts’ forecasts amid continued strong demand for semiconductors. Shares jumped 4.3% in premarket action.
F5 (FFIV) – F5 fell 13% in premarket trading after the cloud security company’s current quarter forecast fell below analysts’ forecasts. It also cut its full-year outlook, partly due to the impact of supply chain issues.
Navient (NAVI) – Navient fell 11.7% in premarket after the student loan services company reported a quarterly loss amid higher spending and falling revenue.
JinkoSolar (JKS) – Shares of Jinko Solar jumped 15% in premarket trading after shares of the solar company more than doubled on their first day of trading in Shanghai and hit a premium of around 800 % against stocks listed in the United States.