Bed Bath & Beyond, Verizon, Lululemon and more

A pedestrian walks past a Bed Bath & Beyond store in San Francisco, California.

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Check out the companies making headlines before the bell rings.

Verizon Verizon shares slipped 1.51% after the company posted mixed results for the fourth quarter of 2022. While earnings matched analyst predictions, forward earnings fell short of the Refinitiv consensus estimate. ,

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Bernstein downgrades Lululemon, warns a reset is coming for the apparel stock

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bed Bath and Beyond — mime stock gained 5.78%, building on a dramatic start to the year Even though retailer warns of possible bankruptcy, Year to date, shares of Bed Bath & Beyond are up 17.1%.

lyft — The ride-sharing stock rose 3.4% after an upgrade from KeyBanc that Lyft Must feel positive effect Through cost saving measures including layoffs and stabilization of demand.

Johnson & Johnson — Shares of the drugmaker were up less than 1% after the company reported mixed quarterly financial results. Johnson & Johnson beat estimates by 10 cents per share in profit, excluding items, according to Refinitiv. It also missed revenue estimates. Its full-year outlook for earnings was slightly above estimates while its revenue forecast was in line with estimates.

black Stone Shares rose 1.3% after JP Morgan downgraded Blackstone from neutral to overweight, saying the investment management firm is a “best-in-class” business that is set for a soft landing.

Lululemon — The athletic retailer fell 2.07% after Bernstein downgraded stockwarned that a reset is coming for the apparel stock and noted that the company is facing an inflection point in its growth.

Lockheed Martin Lockheed Martin shares gained 1.52% after the company posted its latest quarterly results. The defense company’s revenue came in at $18.99 billion, which topped the Refinitiv forecast of $18.27 billion. Lockheed’s earnings per share also exceeded expectations.

amd – Chip stocks fall more than 2% after premarket Bernstein downgrades chipmaker To outperform performance for the market. The Wall Street firm said the downgrade was due to demand for new parts in an environment of slumping computers and inflation.

— CNBC’s Alex Harring, Yun Lee, Tanya Machil and Sarah Min contributed reporting

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