Dish, Target, Zoom, Arconic and more

Dish Networks exhibit at CES 2016 in Las Vegas.

Justin Solomon | CNBC

Check out the companies making the biggest moves in premarket trading:

DISH NETWORK – The satellite company’s shares fell nearly 5% amid a multi-day service outage and two downgrades from Bank of America. Dish shares are down 13.5% in 2023, amid a 61.8% drop over the past 12 months.

Target — The retailer gained 1.2% after reporting fiscal fourth-quarter earnings per share of $1.89, above the $1.40 consensus of analysts polled by Refinitiv. Revenue also took a hit, but Target’s full-year EPS guidance came in below expectations.

Arconic — Shares fell 3.5% after Goldman Sachs downgraded it from neutral to sell. The company cited an uncertain demand outlook in Europe.

Celsius Holdings — The energy-drink maker rose 4.2% after Credit Suisse upgraded it from neutral to outperform. The distribution deal with Pepsi is going well and the long-term prospects are high, the company said.

Norwegian Cruise Line Holdings – The cruise company’s shares fell more than 5% in premarket trading on Tuesday after Norwegian reported a wider-than-expected fourth-quarter loss. The company adjusted for $1.04 per share on revenue of $1.52 billion. Analysts polled by FactSet’s StreetAccount had expected a loss of 86 cents a share on revenue of $1.50 billion. Norway’s revenue guidance for 2023 also came in below expectations.

Zoom Video – The video communications company rallied 6.9% premarket following an up-and-down beat in the fourth quarter. Full-year revenue guidance came in lighter than expected, but its revenue guidance topped estimates.

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Dick’s Sporting Goods — The sporting-good retailer fell 2.6% from buy to neutral after being downgraded by Citi. Wall Street expects gross margin pressure to continue in the near term.

Workday – Human resources software fell 2.4% after revenue guidance for the first quarter came in softer than expected. However, it beat estimates for fourth-quarter revenue and earnings, according to Refinitv.

Hims & Hers Health – Telehealth shares rose more than 9% after Hims & Hers Health reported quarterly results that beat both top and bottom line estimates. The company posted a loss of 5 cents a share on revenue of $167.2 million. That beat consensus estimates of a loss of 7 cents a share on revenue of $161.2 million, according to Refinitiv.

Advance Auto Parts — The auto aftermarket parts company gained 4.4% after reporting fourth-quarter EPS of $2.88, topping Street estimates of $2.41. Revenue also beat expectations.

— CNBC’s Hakyung Kim, Alex Harring, Sarah Min, Jesse Pound and Michael Bloom contributed reporting.

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