Lyf Driver Hub is seen in Los Angeles, California.
Lucy Nicholson | reuters
Check out the companies making the biggest moves in premarket trading:
lyft – Ride-sharing company crashed after 31.5% issuing weak guidance in its fiscal first quarter earnings report. Lyft said it forecast revenue of $975 million, according to StreetAccount, well below analysts’ expectations of $1.09 billion. Later many analysts downgraded stock,
expedia Shares of the travel company fell 2.4% after a disappointing quarterly earnings report. The company reported adjusted earnings per share of $1.26 on revenue of $2.62 billion. Analysts were expecting earnings of $1.67 per share on revenue of $2.70 billion, according to Refinitiv.
bark The consumer reviews platform gained more than 5% in the premarket after posting fourth-quarter revenue of $309 million, which beat analysts’ expectations of $307 million. Earnings per share were in line with estimates.
cloud flare — The cloud service provider posted quarterly earnings that beat expectations after the bell on Thursday. Cloudflare was up about 8% in the premarket.
fryer battery — Shares of the battery maker rose 4% after Bank of America initiated coverage of the stock with a buy rating. The Wall Street firm said Freire is months away from having its first major catalyst, manufactured cells.
Voice – After Morgan Stanley confirmed shares up 3.7% before the bell Downgraded buy-now-pay-later stock followed by an equal weighting from a better performance rating latest income result, According to the Wall Street firm, Afirm’s offering appears to be very limited.
Deutsche Bank — Shares of the German bank fell more than 3% in pre-market trading after Deutsche Bank downgraded Bank of America to neutral from underperform. The investment firm said in a note to clients that Deutsche Bank’s growth remained “volume dependent” and that other European peers were more attractive.
Dexcom — The medical device company gained 3.5% in the premarket after reporting adjusted earnings-per-share of 34 cents, compared with the 27 cents expected by StreetAccount analysts. Revenue also beat expectations. Earlier this week, Dexcom unveiled its Super Bowl ad featuring Nick Jonas.
Newell Brands — The parent company of Rubbermaid and Yankee Candle declined 7.5% after reporting earnings that missed analysts’ expectations. CEO Ravi Saligram said the company was affected by a difficult operating environment, including lack of consumer demand.
— CNBC’s Samantha Subin, Hakyung Kim, Jesse Pound and Michael Bloom contributed reporting.