Today's Pre-Market Stock Movers: TSLA, CVX, AAL, DOW and More
Gapping up
$Tesla(TSLA.US$ +8.2% (The electric-vehicle maker reported fourth-quarter earnings that topped Wall Street estimates. Tesla ‘s operating earnings of $3.9 billion in the fourth quarter were a record.)
$Chevron(CVX.US$ +3.7% (The energy giant raised its dividend and announced a new round of buybacks valued at up to $75 billion.)
$American Airlines(AAL.US$ +1.7% (The airline posted a slight adjusted earnings beat for its fourth quarter and shared 2023 earnings guidance higher than analysts expected.)
$Comcast(CMCSA.US$ +1.4% (The telecommunications giant posted an adjusted earnings beat for its fourth quarter.)
Gapping down
$Dow Inc(DOW.US$ -3.2% (The chemicals giant posted an earnings miss for its fourth quarter and said it plans to lay off about 2,000 workers.)
$Southwest Airlines(LUV.US$ -2.7% (The airline posted a net loss of $220 million for its fourth quarter, or a loss of 38 cents per share, while analysts had penciled in a loss of 7 cents per share, according to FactSet.)
$IBM Corp(IBM.US$ -2.1% (IBM posted better-than-expected quarterly revenue, and its revenue forecast also was upbeat. But the company’s outlook on free cash flow was slightly disappointing. IBM also said it would be cutting 3,900 jobs.)
$Lam Research(LRCX.US$ -1.4% (The silicon-foundry equipment supplier said it would be cutting its work force by 7% to reduce costs as chip equipment demand slows.)
Source: MarketWatch
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