The exterior of a 787 Dreamliner at Boeing’s manufacturing facility in North Charleston, on December 13, 2022.
Brand Cyrus | AFP | beautiful pictures
Check out the companies that make headlines before the bell.
Boeing airplanes – Shares of Boeing fell about 1.7% before marketing after the plane maker posted earnings and revenue that did not meet expectations, despite the recovery demand. The company cited labor and supply shortages for the disappointing numbers.
News Corporation, Fox News — News Corp and Fox News shares rose 4.9% and 1.8%, respectively, after Rupert Murdoch abandon the merger plan two companies, a proposal met with resistance from shareholders.
AT&T – Shares rose 1.8 percent after the telecom giant’s fourth-quarter report was released on Wednesday, showing subscriber numbers rising but forecasting annual profit below expectations.
Microsoft – Shares of Microsoft fell nearly 3% after the sharing software giant gave a dismal revenue forecast for the current quarter. Bell technologies top earnings expectations but said new business growth slowed in December, including in the Azure segment.
Omnicom — Shares of the global media company fell 3% after it was revealed that BlackRock Inc. bought more of his shares in the company, now owning 9.4% of the shares.
Sunrun, Solar — Both solar companies are down more than 3% after being downgraded by Barclays due to a likely slowdown in solar demand. Sunrun was downgraded to balance due to being overweight, while SunPower’s rating was downgraded to light weight from balance.
Enphase – Shares fell 4% after being downgraded from Piper Sandler to buy neutral. The company pointed to the possibility of re-establishing the US residential solar market by 2023, while acknowledging that the company has a strong product, management and position.
capital one — Financial stocks fell 2.3% after Capital One reported disappointing quarterly results. The company earned $3.03 per share on revenue of $9.04 billion. Analysts polled by StreetAccount expected profit of $3.87 per share on revenue of $9.07 billion. Net interest income also came in below expectations.
visual surgery – The maker of robotic surgical systems suffered a 9% drop after the company reported fourth-quarter earnings and revenue that missed expectations. The company cited the resurgence of Covid-19 in China as having negatively affected the volume of procedures in the region.
F5 – Shares of the web application security company fell 3.7% after F5 reported revenue for its most recent quarter that fell short of analyst expectations and delivered a lower-than-expected earnings forecast. for the second quarter.
— Alex Harring, Samantha Subin, Tanaya Macheel, Carmen Reinicke and Michelle Fox Theobald of CNBC contributed reporting.
