Check out the companies making headlines in premarket trading. Snap — The social media stock tumbled 32.2% on Wednesday morning, a day after the company posted worse-than-expected revenue and offered weak guidance. Snap said it was facing headwinds from the Israel-Hamas war. Alibaba — The Chinese e-commerce giant rose as much as 5% in premarket trading after it posted quarterly revenue that missed analyst estimates — 260.35 billion Chinese yuan ($36.6 billion) versus 262.07 billion yuan expected by the LSEG consensus — and hiked its share buyback program by $25 billion. The shares were last higher by less than 1%. Roblox — Shares climbed 12.6% on a better-than-expected earnings report and strong guidance. Roblox said it lost 52 cents per share, narrower than the 55-cent estimate from analysts polled by LSEG. Revenue also topped expectations, coming in at $1.13 billion against a $1.08 billion forecast. Yum Brands — Shares slipped 1.3% after the KFC, Taco Bell and Pizza Hut parent reported fourth-quarter earnings and revenue that missed expectations. Yum’s adjusted earnings per share came in at $1.26, short of the $1.40 expected from analysts polled by LSEG. Revenue was $2.04 billion versus the consensus estimate of $2.11 billion. CVS — The stock added 1.8% after CVS surpassed Wall Street expectations for its fourth quarter, citing strength in its health services …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in premarket trading. Snap — The social media stock tumbled 32.2% on Wednesday morning, a day after the company posted worse-than-expected revenue and offered weak guidance. Snap said it was facing headwinds from the Israel-Hamas war. Alibaba — The Chinese e-commerce giant rose as much as 5% in premarket trading after it posted quarterly revenue that missed analyst estimates — 260.35 billion Chinese yuan ($36.6 billion) versus 262.07 billion yuan expected by the LSEG consensus — and hiked its share buyback program by $25 billion. The shares were last higher by less than 1%. Roblox — Shares climbed 12.6% on a better-than-expected earnings report and strong guidance. Roblox said it lost 52 cents per share, narrower than the 55-cent estimate from analysts polled by LSEG. Revenue also topped expectations, coming in at $1.13 billion against a $1.08 billion forecast. Yum Brands — Shares slipped 1.3% after the KFC, Taco Bell and Pizza Hut parent reported fourth-quarter earnings and revenue that missed expectations. Yum’s adjusted earnings per share came in at $1.26, short of the $1.40 expected from analysts polled by LSEG. Revenue was $2.04 billion versus the consensus estimate of $2.11 billion. CVS — The stock added 1.8% after CVS surpassed Wall Street expectations for its fourth quarter, citing strength in its health services …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
