Check out the companies making headlines before the bell. JetBlue Airways — Shares of JetBlue Airways popped more than 15% after activist investor Carl Icahn revealed a 10% stake in the airline, viewing the company as undervalued. Arista Networks — The computer networking stock dropped more than 7% even after the company topped fourth-quarter estimates. Arista Networks said it expected first-quarter revenue to range between $1.52 billion and $1.56 billion versus an estimate of $1.53 billion. Many on Wall Street, including Goldman Sachs, had expected the company to raise its full-year outlook. Tripadvisor — Shares jumped nearly 12% after Tripadvisor formed a special committee, comprised of its independent directors, to evaluate proposals that may be pitched for a ” potential transaction .” Coca-Cola — Shares were little changed after the beverage giant posted mixed results for the fourth quarter. The company posted adjusted earnings of 49 cents per share, matching an LSEG estimate. Revenue came in at $10.85 billion, beating a forecast of $10.68 billion. Hasbro — Shares tumbled 9% after the toymaker missed expectations in the fourth quarter. Hasbro earned 38 cents per share, excluding items, on $1.29 billion in revenue, while analysts polled by LSEG forecasted 66 cents per share and $1.36 billion, respectively. The company also said to expect a weak gross margin and a drop in full-year revenue tied to soft consumer products sale …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines before the bell. JetBlue Airways — Shares of JetBlue Airways popped more than 15% after activist investor Carl Icahn revealed a 10% stake in the airline, viewing the company as undervalued. Arista Networks — The computer networking stock dropped more than 7% even after the company topped fourth-quarter estimates. Arista Networks said it expected first-quarter revenue to range between $1.52 billion and $1.56 billion versus an estimate of $1.53 billion. Many on Wall Street, including Goldman Sachs, had expected the company to raise its full-year outlook. Tripadvisor — Shares jumped nearly 12% after Tripadvisor formed a special committee, comprised of its independent directors, to evaluate proposals that may be pitched for a ” potential transaction .” Coca-Cola — Shares were little changed after the beverage giant posted mixed results for the fourth quarter. The company posted adjusted earnings of 49 cents per share, matching an LSEG estimate. Revenue came in at $10.85 billion, beating a forecast of $10.68 billion. Hasbro — Shares tumbled 9% after the toymaker missed expectations in the fourth quarter. Hasbro earned 38 cents per share, excluding items, on $1.29 billion in revenue, while analysts polled by LSEG forecasted 66 cents per share and $1.36 billion, respectively. The company also said to expect a weak gross margin and a drop in full-year revenue tied to soft consumer products sale …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
