The exterior of a 787 Dreamliner at Boeing’s manufacturing facility in North Charleston, December 13, 2022.
Logan Cyrus | AFP | Getty Images
Check out the companies making headlines before the bell.
Boeing – Boeing shares fell about 1.7% premarket after the planemaker released earnings and earnings that fell short of expectations despite a rebound in 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 scrapped plans to merge the two companies, a proposal rejected by shareholders.
AT&T – Shares rose 1.8% after the telecoms giant’s fourth-quarter report was released on Wednesday, which showed a surge in subscribers but forecast full-year profit that was below expectations.
Microsoft – Shares of Microsoft fell nearly 3% after the software giant released a dismal revenue forecast for the current quarter. The tech leader beat earnings expectations but said new business growth slowed in December, including within its Azure segment.
Omnicom – Shares of the global media company fell 3% after it was announced that BlackRock Inc. increased its stake in the company and now owns 9.4% of the shares.
Sunrun, SunPower – Solar companies both fell more than 3% after being downgraded by Barclays on a possible slowdown in solar demand. Sunrun was downgraded from overweight to equal weight, while SunPower’s rating was downgraded from equal weight to underweight.
Enphase – Shares slipped 4% after Piper Sandler was downgraded to neutral from buy. The company hinted at a possible restart of the US residential solar market in 2023, but still acknowledged that the company has a strong product, management and position.
Capital One – The financial stock fell 2.3% after Capital One reported disappointing quarterly results. The company earned $3.03 per share on sales of $9.04 billion. Analysts polled by StreetAccount were expecting earnings of $3.87 per share on sales of $9.07 billion. Net interest income also fell short of expectations.
Intuitive Surgical – The maker of robotic surgical systems fell 9% after the company reported fourth-quarter earnings and sales that fell just short of expectations. The company cited a resurgence of Covid-19 in China, which negatively impacted the volume of cases in the region.
F5 – Shares of the web application security company fell 3.7% after F5 reported last quarter revenue that missed analysts’ expectations and issued a weaker-than-expected second-quarter earnings forecast.
– CNBC’s Alex Harring, Samantha Subin, Tanaya Macheel, Carmen Reinicke and Michelle Fox Theobald contributed coverage.