Dish Networks exhibit at CES 2016 in Las Vegas.
Justin Solomon | CNBC
Check out the companies making the biggest moves in pre-market trading:
Dish Network — Shares of the satellite company fell nearly 5% amid a multi-day outage and a two-time downgrade from Bank of America. Dishes shares are down 13.5% in 2023 amid a decline of 61.8% over the past 12 months.
Target — The retailer gained 1.2% after it reported fiscal fourth-quarter earnings per share of $1.89, topping the analyst consensus of $1.40 in a Refinitiv poll. Revenue also outperformed, but full-year EPS guidance came in below expectations.
Arconic – Shares fell 3.5% after a downgrade to Sell from Neutral by Goldman Sachs. The company cited an uncertain demand outlook in Europe.
Celsius Holdings — The energy drink maker rose 4.2% after an upgrade to beat neutral by Credit Suisse. The company said the distribution agreement with PepsiCo was going well and the long-term potential was high.
Norwegian Cruise Line Holdings Shares of the cruise company fell more than 5% in pre-market trading Tuesday after the Norwegian company reported a larger-than-expected loss for the fourth quarter. The company lost an adjusted $1.04 per share on revenue of $1.52 billion. Analysts surveyed by FactSet’s StreetAccount had expected a loss of 86 cents per share on $1.50 billion in revenue. Norway’s earnings guidance for 2023 also fell short of expectations.
Zoom Video – The video communications company rebounded 6.9% in the primary market after posting an earnings high and low in the fourth quarter. Revenue guidance for the full year came in lower than expected, but earnings guidance beat estimates.
Dick’s Sporting Goods – Retail sporting good sales fell 2.6% after Citi downgraded its rating to Neutral from Buy. The Wall Street firm said it expects gross margin pressure to continue in the near term.
Business Day – Human Resources fell 2.4% after revenue guidance for the first quarter came in lower than expected. However, it beat estimates for fourth-quarter revenue and earnings, according to Refinitv.
Hims & Hers Health — Telehealth stock jumped more than 9% after Hims & Hers Health reported quarterly results that beat estimates at the top and bottom lines. The company posted a loss of 5 cents per share on revenue of $167.2 million. That beat expectations for a loss of 7 cents per share on revenue of $161.2 million, according to Refinitiv.
Advance Auto Parts — The aftermarket auto parts company gained 4.4% after reporting fourth-quarter EPS of $2.88, topping StreetAccount’s estimate of $2.41. Revenue also exceeded expectations.
– CNBC’s Hakyung Kim, Alex Haring, Sarah Min, Jessie Pound and Michael Blum contributed reporting.
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