Today's Pre-Market Stock Movers: PLTR, KO, CAR, IRBT and More
Gapping up
$Palantir(PLTR.US$ +17% (The data-analytics software company reported better-than-expected fourth-quarter profit. It was the company's first-ever profitable quarter on a GAAP basis. Palantir said it expects it will be profitable on a GAAP basis in 2023.)
$Coca-Cola(KO.US$ +1.02% (Coca-Cola reported Q4 non-GAAP earnings Tuesday of $0.45 per diluted share, unchanged from a year earlier. Revenue for the quarter ended Dec. 31 was $10.13 billion, up from $9.46 billion a year earlier.)
$Ford Motor(F.US$ +0.17% (Ford said it would cut 3,800 jobs in Europe over the next three years as the auto maker shifts more toward electric vehicles. The cuts would come primarily from Ford's European product-development staff. Ford shares were rising slightly in premarket trading.)
$Avis Budget(CAR.US$ +3.5% (The car-rental chain reported fourth-quarter profit that beat expectations. Revenue in the period rose 8% on strong travel demand.)
$Arista Networks(ANET.US$ +1.1% (The networking-infrastructure provider posted adjusted fourth-quarter earnings and sales that beat Wall Street estimates.)
$Cadence Design Systems(CDNS.US$ +2.3% (The company issued guidance for the first quarter and for fiscal 2023 higher than analysts' estimates.)
Gapping down
$SolarEdge Technologies(SEDG.US$ -5.4% (The maker of solar components reported fourth-quarter earnings and revenue that topped estimates.)
$iRobot(IRBT.US$ -1.4% (The maker of Roomba vacuums said it would lay off about 7% of its workforce.)
Other
The U.S. consumer-price index, due out at 8:30 a.m. ET, is expected to provide more evidence that price pressures have abated after inflation surged to a four-decade-high last year. Economists polled by The Wall Street Journal expect the index rose 6.2% in January from a year earlier, far below last year's peak annual rate of 9.1%.
Source: Dow Jones
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