Check out the companies making the biggest moves in premarket trading: Beyond Meat — Shares soared 59% one day after the plant-based meat company topped fourth-quarter revenue estimates and said it would “steeply reduce” costs this year. Revenue came in at $73.7 million, versus the $66.7 million expected from analysts polled by LSEG. Bumble — Shares plunged almost 12% after the dating app company on Tuesday announced plans to lay off about 350 employees and gave a disappointing revenue forecast as part of its fourth-quarter earnings. Bumble posted $273.6 million in revenue in the latest quarter, higher than the $241.6 million in the same period last year, and lost 19 cents per share, compared to a loss of 35 cents per share in the year-ago quarter. Bumble also set plans to revamp its app in an effort to attract more users. Advance Auto Parts —Shares gained 7% after the auto parts retailer gave upbeat guidance for the full year. AAP guided for 2024 earnings per share of $3.75 to $4.25, topping the $3.65 expected from analysts polled by FactSet. Fourth-quarter revenue matched estimates, while earnings missed expectations. EBay — The online marketplace advanced 5% one day it beat fourth-quarter earnings and revenue estimates . Guidance for first-quarter earnings per share also topped expectations. In addition, Ebay anno …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making the biggest moves in premarket trading: Beyond Meat — Shares soared 59% one day after the plant-based meat company topped fourth-quarter revenue estimates and said it would “steeply reduce” costs this year. Revenue came in at $73.7 million, versus the $66.7 million expected from analysts polled by LSEG. Bumble — Shares plunged almost 12% after the dating app company on Tuesday announced plans to lay off about 350 employees and gave a disappointing revenue forecast as part of its fourth-quarter earnings. Bumble posted $273.6 million in revenue in the latest quarter, higher than the $241.6 million in the same period last year, and lost 19 cents per share, compared to a loss of 35 cents per share in the year-ago quarter. Bumble also set plans to revamp its app in an effort to attract more users. Advance Auto Parts —Shares gained 7% after the auto parts retailer gave upbeat guidance for the full year. AAP guided for 2024 earnings per share of $3.75 to $4.25, topping the $3.65 expected from analysts polled by FactSet. Fourth-quarter revenue matched estimates, while earnings missed expectations. EBay — The online marketplace advanced 5% one day it beat fourth-quarter earnings and revenue estimates . Guidance for first-quarter earnings per share also topped expectations. In addition, Ebay anno …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
