Stocks making the biggest moves premarket: Southwest, Tesla, Las Vegas Sands and more
Publishing timestamp: 2023-01-26 08:34:21
Summary
Several public companies reported their fourth-quarter earnings, with some beating expectations and some missing them. Southwest Airlines reported a $220 million loss, while Comcast reported earnings per share coming in at 82 cents, adjusted, versus 77 cents expected from analysts. Tesla soared 7% after reporting record revenue and earnings beat, while Levi Strauss popped 6% premarket on better-than-expected quarterly report. Blackstone reported mixed earnings results, while Chevron announced a $75 billion stock buyback program and dividend hike. Dow posted fourth-quarter earnings, revenue and adjusted EBITDA that missed analyst expectations, while IBM reported quarterly results that generally exceeded Wall Street's expectations but included announcement that firm will cut 3900 jobs. American Airlines reported fourth-quarter profits that beat Wall Street's expectations, while Seagate Technology reported earnings and revenue for last quarter that beat expectations. Pfizer was downgraded by UBS on Thursday.
Sentiment: MIXED
Tickers: AAL, LUV, CMCSA, LEVI, CVX, LVS, STX, BX, IBM, TSLA, PFE, WYNN, DOW,
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