Check out the companies making headlines before the bell. Taiwan Semiconductor Manufacturing — The semiconductor foundry’s stock rose 3% after the firm posted its highest monthly revenue ever. Its January revenue soared to $401.3 billion New Taiwan dollars, up 37% from the same quarter a year ago, the firm said Tuesday in a statement. Dupont De Nemours — Shares gained 2% after the company’s fourth-quarter earnings came in better than expected. For the period, Dupont posted adjusted earnings of 46 cents per share, above the 43 cents that analysts polled by FactSet were expecting. Its revenue of $1.69 billion was in line with expectations. The company also reported upbeat full-year earnings and revenue guidance. S & P Global — The stock fell about 16% after S & P Global reported that it expects adjusted earnings in the range of $19.40 to $19.65 per share for 2026, a figure that is well below analysts’ consensus estimate of $20.02, per FactSet. It also posted adjusted earnings of $4.30 per share for the fourth quarter, coming in below analysts’ forecast of $4.33 per share. CVS Health — The retail pharmacy chain’s stock slipped 2% after the firm maintained its 2026 revenue guidance of at least $400 billion, while analysts polled by LSEG were expecting revenue of $409.77 billion. CVS also shared full-year guidance for cash from operations of at least $9 billion. This was down from prior guidance of at least $10 billion and FactSet’s $10.59 billion consensus. However, the company’s fourth-quarter earnings and revenue beat analysts’ estimates, according to LSEG. Ferrari — U.S. shares of the luxury Italian carmaker jumped more than 8% after it reported a fourth-quarter earnings and revenue beat. Ferrari also delivered full-year 2026 earnings and revenue guidance that was in line with expectations, according to analysts surveyed by FactSet. Coca-Cola — The snack and beverage giant sank about 3% after reporting a fourth-quarter revenue miss and forecasting modest growth. Coca-Cola’s adjusted revenue came in at $11.82 billion, short of the $12.03 billion expected from analysts polled by LSEG. However, the company’s adjusted earnings of 58 cents a share topped the consensus estimate by 2 cents. It is projecting organic revenue growth of 4% to 5% and comparable earnings per share growth of 7% to 8% for the full year. ON Semiconductor — The semiconductor supplier dropped nearly 5% after sales declined in its two biggest businesses. It posted fourth-quarter revenue of $1.53 billion, missing the LSEG consensus estimate of $1.54 billion. On the other hand, earnings of 64 cents per share, on an adjusted basis, topped the forecasted 62 cents per share. Upwork — Shares of the online marketplace for freelancers tumbled 24% after the company disclosed active clients at the end of 2025 at 785,000, down from 832,000 at the end of the prior year. Upwork also posted current-quarter revenue guidance in the range of $192 million to $197 million, below the $201 million consensus estimate from LSEG. Current-quarter adjusted earnings guidance also missed estimates. Chegg — The online tutoring company dropped 6% after posting fourth-quarter adjusted EBITDA of $12.9 million. That’s down from roughly $37 million in the year-ago period. Revenue of $72.7 million fell 49% year over year. Credo Technology — Credo jumped 15% after the company announced ahead of its earnings that it would raise its revenue guidance for the third quarter of fiscal year 2026. The company expects revenue of $404 million to $408 million, well above its prior target between $335 million and $345 million. — CNBC’s Sean Conlon, Lisa Kailai Han, Michelle Fox and Davis Giangiulio contributed reporting.
Coca-Cola, CVS Health, Ferrari, Taiwan Semi and more 108263714
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