Try the businesses making headlines earlier than the bell. Taiwan Semiconductor Manufacturing — The semiconductor foundry’s inventory rose 3% after the agency posted its highest month-to-month income ever. Its January income soared to $401.3 billion New Taiwan {dollars}, up 37% from the identical quarter a 12 months in the past, the agency mentioned Tuesday in a press release. Dupont De Nemours — Shares gained 2% after the corporate’s fourth-quarter earnings got here in higher than anticipated. For the interval, Dupont posted adjusted earnings of 46 cents per share, above the 43 cents that analysts polled by FactSet have been anticipating. Its income of $1.69 billion was consistent with expectations. The corporate additionally reported upbeat full-year earnings and income steerage. CVS Well being — The retail pharmacy chain’s inventory slipped 3% after the agency maintained its 2026 income steerage of at the very least $400 billion, whereas analysts polled by LSEG have been anticipating income of $409.77 billion. CVS additionally shared full-year steerage for money from operations of at the very least $9 billion. This was down from prior steerage of at the very least $10 billion and FactSet’s $10.59 billion consensus. Nevertheless, the corporate’s fourth-quarter earnings and income beat analysts’ estimates, in accordance with LSEG. Ferrari — U.S. shares of the posh Italian carmaker jumped greater than 8% after it reported a fourth-quarter earnings and income beat. Ferrari additionally delivered full-year 2026 earnings and income steerage that was consistent with expectations, in accordance with analysts surveyed by FactSet. Coca-Cola — The snack and beverage big sank about 3% after reporting a fourth-quarter income miss and forecasting modest development. Coca-Cola’s adjusted income got here in at $11.82 billion, wanting the $12.03 billion anticipated from analysts polled by LSEG. Nevertheless, the corporate’s adjusted earnings of 58 cents a share topped the consensus estimate by 2 cents. It’s projecting natural income development of 4% to five% and comparable earnings per share development of seven% to eight% for the total 12 months. ON Semiconductor — The semiconductor provider dropped practically 5% after gross sales declined in its two largest companies. It posted fourth-quarter income of $1.53 billion, lacking the LSEG consensus estimate of $1.54 billion. Alternatively, earnings of 64 cents per share, on an adjusted foundation, topped the forecasted 62 cents per share. Upwork — Shares of the net market for freelancers tumbled 24% after the corporate disclosed energetic shoppers on the finish of 2025 at 785,000, down from 832,000 on the finish of the prior 12 months. Upwork additionally posted current-quarter income steerage within the vary of $192 million to $197 million, under the $201 million consensus estimate from LSEG. Present-quarter adjusted earnings steerage additionally missed estimates. Chegg — The web tutoring firm dropped 5% after posting fourth-quarter adjusted EBITDA of $12.9 million. That is down from roughly $37 million within the year-ago interval. Income of $72.7 million fell 49% 12 months over 12 months. Credo Expertise — Credo jumped 17% after the corporate introduced forward of its earnings that it might increase its income steerage for the third quarter of fiscal 12 months 2026. The corporate expects income of $404 million to $408 million, properly above its prior goal between $335 million and $345 million. — CNBC’s Sean Conlon, Lisa Kailai Han, Michelle Fox and Davis Giangiulio contributed reporting.
Source link
#Shares #making #largest #strikes #premarket #CocaCola #CVS #Well being #Ferrari #Taiwan #Semi
