February 23, 2024


Check out the companies making headlines before the market close:

meta platform – Shares rose 12 percent after the Facebook parent beat Wall Street expectations for revenue and profit and issued upbeat guidance. Meta Platforms posted its first sales increase in about a year.

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Tradoc Health – Shares of the telehealth company surged more than 7% after revenue beat analysts’ estimates in the latest quarter. The company also raised the bottom line for revenue and adjusted EBITDA guidance, though it posted a larger-than-expected loss in the latest quarter. DA Davidson cited solid results and increased confidence following Teladoc’s earnings.

Harley-Davidson – Shares of Harley-Davidson rose 4.4 percent after the motorcycle maker beat earnings and revenue estimates, according to a Refinitiv consensus estimate. HOG reported first-quarter earnings per share of $2.04, versus expectations of $1.39, on revenue of $1.56 billion, beating the consensus estimate of $1.36 billion.

first republic bank – The San Francisco-based bank rose 3% premarket after falling nearly 30% intraday on Wednesday. The slide comes as the bank pursues a potential rescue deal.

Cora Corporation – The semiconductor equipment maker rose 3% after KLA Latest third-quarter results It beat expectations on both the top and bottom lines, according to FactSet consensus estimates.

eBay – The e-commerce platform rose 3% after first-quarter earnings and revenue topped estimates and issued better-than-expected guidance. Ebay reported earnings of $1.11 per share, beating analysts’ expectations of $1.07, on revenue of $2.51 billion, beating Wall Street expectations of $2.48 billion.

Eli Lilly – Shares rose more than 3% after the Indianapolis-based drugmaker reported higher-than-expected first-quarter revenue and raised its full-year revenue and profit guidance. Lilly generated $6.96 billion in revenue, topping analysts’ expectations of $6.86 billion, according to Refinitiv data. However, adjusted EPS of $1.62 missed estimates by 11 cents.

Southwest Airlines – Shares of the Dallas-based airline fell 4 percent after it canceled more than 16,000 flights in late December due to the holiday crisis, leading to a bigger-than-expected first-quarter loss. Southwest said the incident resulted in a $325 million loss in first-quarter revenue.

Year – Shares rose 1.8% after Roku topped first-quarter revenue estimates and issued second-quarter revenue guidance that topped Wall Street expectations. The TV streaming platform said revenue of $741 million in the most recent quarter was far better than the consensus estimate of $708.5 million, according to Refinitiv data. Roku issued second-quarter revenue guidance of $770 million, beating analysts’ consensus estimate of $768 million. Otherwise, Roku slightly missed earnings estimates in the just-ended quarter, posting a loss of $1.38 per share compared to expectations for a loss of $1.37 per share.

Honeywell International – Honeywell rose 1.8 percent after its latest quarterly earnings and revenue topped estimates. The group reported first-quarter earnings per share of $2.07 excluding items, beating Wall Street’s $1.93 on revenue of $8.86 billion, beating consensus estimates of $8.52 billion.

American airlines – The Fort Worth, Texas-based airline rose 0.4 percent premarket after reporting first-quarter earnings that met expectations, but revenue missed expectations. American reported first-quarter earnings of $0.05 a share excluding items, in line with Wall Street, on revenue of $12.19 billion, beating analysts’ forecast of $12.2 billion.

Merck – The New Jersey-based drugmaker rose about 1.5 percent after beating estimates in the latest quarter. Merck reported first-quarter earnings per share excluding items of $1.40, better than analysts’ expectations of $1.32, on revenue of $14.49 billion, above the consensus estimate of $13.78 billion, according to Refinitiv data.

Northrop Grumman — The defense contractor rose 1.6 percent after first-quarter earnings of $5.50 a share excluding projects, topping analysts’ forecast of $5.09, while revenue of $9.3 billion topped consensus estimates, according to Refinitiv data. $9.173 billion.

caterpillar – The construction equipment maker’s adjusted earnings per share of $4.91 last quarter topped the Refinitiv consensus estimate of $3.78 on revenue of $15.86 billion, compared with an estimate of $15.255 billion. Caterpillar shares fell 0.1 percent in early trade.

Bristol-Myers Squibb – Bristol Myers reported earnings of $2.05 a share, excluding items, in the latest quarter, beating estimates of $1.97 a share, according to Refinitiv data. Revenue of $11.34 billion missed estimates of $11.49 billion. The stock rose 0.1% premarket.

Comcast – Shares in the media group rose 3.5 percent in premarket trading after the media conglomerate’s first-quarter earnings beat expectations despite a loss on its streaming service and a decline in residential broadband subscribers, according to Refinitiv data. Comcast owns NBCUniversal, the parent company of CNBC.

service now – Shares were down 1.1% premarket after rising 17% year-to-date going into the latest earnings report. The cloud computing provider earned $2.37 a share before tax in the most recent quarter, beating Wall Street’s $2.04 on revenue of $2.1 billion, compared with analysts’ expectations of $2.08 billion, according to Refinitiv data.

Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.

— CNBC’s Yun Li, Tanaya Macheel, Jesse Pound and Samantha Subin contributed reporting.