Today's Morning Movers and Top Ratings: UBER, LYFT, HPQ and More
Morning Movers
Gapping up
$Uber Technologies(UBER.US$ was rising 7% in premarket trading after the company will buy back as much as $7 billion in shares to return capital to shareholders after reporting its first full year of operating profit and consistent positive free cash flow in 2023.
Shares of $Lyft Inc(LYFT.US$ were rising 21% in premarket trading after the ride-hailing company reported adjusted earnings in the fourth quarter of 18 cents a share, topping forecasts of 9 cents. Lyft also said it expected to post positive free cash flow for the first time in fiscal 2024. The stock had surged more than 60% in after-hours trading Tuesday after a press release incorrectly said the company anticipated adjusted Ebitda margin expansion in 2024 of around 500 basis points, or around 5%, when it should have said 50 basis points. The error was corrected on the company's conference call.
$Zillow-C(Z.US$ reported fourth-quarter revenue of $474 million, up 9% from a year earlier and above analysts' expectations of $452 million. The loss in the period of $73 million was narrower than analysts’ expectations that called for a loss of $77 million. The real estate company said it expects first-quarter revenue of $495 million to $510 million versus analysts' expectations of $500.4 million. Shares rose 6%.
Gapping down
$Airbnb(ABNB.US$ stock slumped 4% even after posting stronger-than-expected revenue and optimistic guidance. Airbnb warned of some pressure on nights booked in the first quarter due to tough comparisons.
$Upstart(UPST.US$ saw its shares slide 14% after it reported a fourth-quarter adjusted loss of 11 cents per share, which was narrower than the 14 cent per share loss analysts expected, according to LSEG. Revenue of $140 million for the quarter beat analysts' estimates of $135 million.
$The Kraft Heinz(KHC.US$ shares declined more than 2% after the food company posted fourth-quarter revenue that missed expectations. Kraft Heinz reported revenue of $6.86 billion, below the LSEG consensus estimate of $6.99 billion. However, adjusted earnings of 78 cents per share was a slight beat, compared to the 77 cents earnings per share expected by analysts.
US Top Rating Updates on 02/14
Source: Benzinga, CNBC, Dow Jones
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Nurhatili1704 : $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ 100
Chad Simmons : I'm trying to buy but it's failing, do I have to deposit money first to buy or does it draw from my already linked bank account??