Check out the companies making the biggest moves in premarket trading: Restaurant Brands — Shares gained 1.3% following the Burger King parent’s beat on the top and bottom lines . Restaurant Brands reported fourth-quarter earnings of 96 cents per share, 1 cent higher than expected, per LSEG. Revenue came in at $2.47 billion, beating the $2.41 consensus estimate. QuantumScape — Shares tumbled 9.3% after the company’s latest financial results. QuantumScape, which develops solid-state lithium-metal battery technology, lost 17 cents per share in the fourth quarter, in line with analyst expectations, per FactSet. It guided for an adjusted EBITDA loss of $250 million to $275 million for the full year, versus the consensus loss of $255.1 million. It also expects capital expenditures for the year between $40 million to $60 million, compared with the $46.2 million expected by analysts. Anheuser-Busch InBev — The beer maker’s fourth-quarter earnings topped expectations, sending shares 2.6% higher. It reported underlying earnings of 95 cents per share, versus the 90 cents expected from analysts polled by LSEG. Its revenue of $15.56 billion topped the $14.95 consensus estimate. Cisco Systems — The maker of networking hardware such as switches and routers dropped about 7% after posting non-GAAP gross margin of 67.5%, below the 68.1% LSEG estimate. Otherwise, Cisco posted second-quarter results that exceeded estimates on the top and bottom lines. The stock had been up 11% already this year. Viking Therapeutics — The biopharmaceutical company jumped 16% after announcing plans to advance its oral obesity drug into Phase 3 development. Viking Therapeutics also reported a loss of $1.38 per share for its fourth quarter, versus the 90 cent loss expected by analysts polled by FactSet. AppLovin — The mobile technology company dropped 7%, despite beating profit and sales estimates. AppLovin reported fourth-quarter earnings of $3.24 per share on revenues of $1.66 billion. Analysts polled by LSEG had expected EPS of $2.93 on revenues of $1.60 billion. AppLovin is already down 32% this year. Fastly — The cloud-computing stocks surged 44% following earnings. Guidance for full-year revenue came in at $700 million to $720 million, while analysts polled by LSEG estimated $668 million. In the fourth quarter, the company posted adjusted earnings of 12 cents per share on revenues of $172.6 million. Analysts expected earnings of 6 cents a share and revenue of $161 million. Paycom Software — The payrolls and human resources software provider shed 9% after issuing revenue guidance in the range of $2.175 billion to $2.195 billion for the calendar year. That was much lower than the FactSet consensus estimate of $2.23 billion. Rollins — The pest control company sank 13% following a disappointing earnings report. Rollins posted GAAP earnings of 24 cents, below the 26 cents consensus estimate, according to FactSet. Revenue of $912.9 million came in below the forecast $926.8 million. Albemarle — The chemical manufacturer slipped 2% after reporting a fourth-quarter adjusted loss of 53 cents per share, wider than the 42 cents analysts polled by FactSet were expecting. On the other hand, its revenue of $1.43 billion topped estimates calling for $1.35 billion. Albemarle also announced plans to idle an Australian lithium plant, and said it will meet customer demand through other production channels going forward Magnum Ice Cream — Following its first earnings results since its spinoff from Unilever, the stock fell nearly 14%. The company reported an earnings and revenue miss for fiscal-year 2025 due to weaker-than-expected growth in sales. Equinix — Shares rose 9.5% after the digital infrastructure firm issued full-year guidance that exceeded Wall Street’s expectations. The company said it expects to notch adjusted earnings before interest, taxes, depreciation and amortization in the range of $5.141 billion to $5.221 billion by the end of 2026 versus analysts’ consensus estimate of $5.03 billion, per FactSet. It also forecast that revenue would come in between $10.123 billion and $10.223 billion this year, topping the consensus estimate of $10.07 billion on the Street. Memory storage stocks — Shares of memory storage stocks added to their ongoing rally this year. Shares of Sandisk and Seagate Technology were up more than 6% and about 3%, respectively. Micron Technology and Western Digital gained more than 3% each. The moves also come after Cisco pointed to rising memory costs in its latest earnings results, which could weigh on its profits moving forward.
CSCO, QS, FSLY and more
About Us
Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
Subscribe to Updates
Subscribe to Get the Latest Financial Tips and Insights Delivered to Your Inbox!
About Us
Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
Subscribe to Updates
Subscribe to Get the Latest Financial Tips and Insights Delivered to Your Inbox!
