by Dish Networks exhibits at CES 2016 in Las Vegas.
Justin Solomon | CNBC
Take a look at the companies making the biggest moves in premarket trading:
Dish Network — The satellite company’s shares fell nearly 5% due to several days of service outages and a double downgrade from Bank of America. Dish shares are down 13.5% in 2023, amid a 61.8% drop over the past 12 months.
Target — The retailer gained 1.2% after reporting fiscal fourth-quarter earnings per share of $1.89, topping the $1.40 consensus among analysts polled by Refinitiv. Revenue also beat, but Target’s full-year EPS guidance came in below expectations.
Arconic — Shares fell 3.5% after a downgrade to sell from neutral by Goldman Sachs. The firm cited uncertain demand prospects in Europe.
Celsius Holdings — The energy drink maker rose 4.2% after being upgraded to outperform from neutral by Credit Suisse. The firm said the distribution deal with Pepsi is going well and the long-term potential is high.
Norwegian Cruise Line Holdings — Shares of the cruise line fell more than 5% in premarket trading Tuesday after Norwegian reported a bigger-than-expected fourth-quarter loss. The company lost an adjusted $1.04 per share on $1.52 billion in revenue. Analysts surveyed by FactSet’s StreetAccount expected a loss of 86 cents per share on $1.50 billion in revenue. Norwegian’s earnings guidance for 2023 also came in below expectations.
Zoom Video — The video communications company rose 6.9% in the premarket after a fourth-quarter top and bottom line. Revenue guidance for the full year came in more easily than expected, but earnings guidance topped estimates.
Dick’s Sporting Goods — The sporting goods retailer fell 2.6% after being downgraded by Citi to neutral from buy. The Wall Street firm said it expects gross margin pressure to continue in the near term.
Labor Day — Human resources software fell 2.4% after first-quarter earnings guidance came in lighter than expected. However, it beat estimates for fourth-quarter revenue and earnings, according to Refinitv.
Hims & Hers Health — Telehealth shares rose more than 9% after Hims & Hers Health reported quarterly results that beat estimates on the top and bottom lines. The firm posted a loss of 5 cents per share on revenue of $167.2 million. That beat consensus estimates of a loss of 7 cents a share on revenue of $161.2 million, according to Refinitiv.
Advance Auto Parts — The automotive aftermarket parts company gained 4.4% after reporting fourth-quarter EPS of $2.88, topping a StreetAccount estimate of $2.41. Revenues also beat expectations.
— CNBC’s Hakyung Kim, Alex Harring, Sarah Min, Jesse Pound and Michael Bloom contributed reporting.
