A Southwest Airlines Co. Boeing 737 passenger jet slides back from a gate at Midway International Airport (MDW) in Chicago, Illinois.
Luke Sharret | Bloomberg | Getty Images
Check out the companies making the biggest moves before going to market:
Southwest — The airline fell 2.1% after it reported a $220 million loss for the fourth quarter after the Christmas crisis cost the company millions in expenses and sent spending spiking.
Comcast — The media company reported fourth-quarter earnings that beat Wall Street expectations, with earnings per share coming in at an adjusted 82 cents, versus the 77 cents expected by analysts polled by Refinitiv. Revenue was $30.55 billion compared to an expected $30.32. However, shares fell less than 1% premarket.
Tesla – The electric vehicle maker rose 7% after reporting record revenue and a decline in profits. CEO Elon Musk said Tesla could potentially produce 2 million cars this year.
Las Vegas Sands — Shares of the hotel and casino operator rose about 4% despite the company reporting weaker-than-expected financial results in its most recent quarter. Wall Street analysts cited upbeat comments about Macau’s reopening on the company’s earnings call for their upbeat outlook on the stock.
Levi Strauss – Shares of the denim maker are up 6% premarket after a better-than-expected earnings report. Levi Strauss topped analysts’ sales estimates and beat earnings forecasts by 5 cents a share.
Blackstone – Blackstone’s shares fell less than 1% after the money manager reported mixed earnings results. Total segment revenue fell short of expectations, while distributable earnings beat estimates by 12 cents a share.
Chevron – The energy giant is up more than 3% premarket after the company announced a $75 billion share buyback program and a dividend increase to $1.51 from $1.42 per share. The buyback program will take effect on April 1st.
Dow – The chemicals giant released fourth-quarter earnings, sales and adjusted EBITDA that missed analysts’ expectations ahead of Thursday’s trading bell, sending the stock down more than 3% in premarket trading.
IBM – Shares of IBM fell 2.7% after the company released quarterly results on Wednesday that generally beat Wall Street expectations but included an announcement that the company will cut 3,900 jobs. IBM reported adjusted earnings per share of $3.60 per share on revenue of $16.69 billion, while analysts were expecting $3.60 per share and $16.4 billion in revenue per refinitiv .
American Airlines – The airline rose 1.5% after its fourth-quarter earnings beat Wall Street expectations on strong holiday demand and high airfares.
Seagate Technology – The data storage company is up more than 8% in premarket trading after reporting earnings and sales that beat expectations for the most recent quarter.
Pfizer — The pharma giant was downgraded by UBS on Thursday, which said estimates of Pfizer’s Covid franchise need to be lowered and its pipeline is premature. Pfizer is up less than 1% premarket.
– CNBC’s Carmen Reinicke, Yun Li, Samantha Subin, Tanaya Macheel and Michael Bloom contributed coverage.
Disclosure: Comcast owns NBCUniversal, CNBC’s parent company.