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Check out the companies making headlines before the bell:
DraftKings — Shares of DraftKings rose more than 8% after the sports betting company reported fourth-quarter results that beat expectations. The company reported a loss of 53 cents a share on revenue of $855 million. Analysts polled by Refinitiv had expected a loss of 59 cents a share on sales of $800 million.
DoorDash — The online grocery delivery company is up more than 5% after posting fourth-quarter sales of $1.82 billion. DoorDash also said it would buy back up to $750 million in stock. However, the company reported an unexpectedly large loss.
Deere & Company — Shares gained 3% after Deere beat expectations for sales and earnings in the most recent quarter. The farm equipment maker reported earnings per share of $6.55 on sales of $11.4 billion. That was more than $5.57 in earnings per share forecast by analysts polled by Refinitiv and the consensus revenue estimate of $11.28 billion.
AutoNation — Shares rose 4% after AutoNation beat earnings and revenue expectations in the fourth quarter. The dealership reported adjusted earnings of $6.37 per share on sales of $6.7 billion. That beat consensus estimates for earnings per share of $5.83 on sales of $6.52 billion, according to Refinitiv.
Roku — Shares of the streaming device company rose more than 2% after Bank of America double-upgraded the stock to buy on underperformance. The Wall Street firm said Roku is on a path to revenue and margin improvement and the company has outperformed the broader advertising market. Roku rose 11% on Thursday after the company reported a smaller-than-expected loss in its most recent quarter.
Applied Materials – Semiconductor stock rose 1.5% after Applied Materials posted first-quarter earnings and released second-quarter guidance that beat consensus consensus estimates from Refinitiv.
CH Robinson Worldwide – Shares fell more than 1% after JPMorgan downgraded CH Robinson Worldwide to underweight from neutral, citing the transportation company’s more exposure to macro risk than its peers.
Redfin — Shares of the real estate company fell nearly 5% despite a better-than-expected fourth quarter. The company reported a loss of 57 cents a share on sales of $480 million. Analysts polled by Refinitiv were expecting a loss of $1.08 per share on sales of $445 million. Revenue was still down year over year. The company forecast that its first-quarter revenue would fall between 46% and 49% year over year.
Texas Roadhouse — Shares of the restaurant chain fell more than 5% after Texas Roadhouse reported fourth-quarter earnings and sales that fell short of expectations. The restaurant posted earnings per share of 89 cents, less than the $1.03 estimated by analysts polled by Refinitiv. It reported revenue of $1.01 billion, below the consensus estimate of $1.02 billion.
– CNBC’s Michelle Fox, Yun Li and Jesse Pound contributed coverage