CSCO, QS, FSLY and more
Check out the companies making the biggest moves in premarket trading: Restaurant Brands — Shares gained 1.3% following the Burger King parent’s beat on the top and bottom lines . Restaurant Brands reported fourth-quarter earnings of 96 cents per share, 1 cent higher than expected, per LSEG. Revenue came in at $2.47 billion, beating the $2.41 consensus estimate. QuantumScape — Shares tumbled 9.3% after the company’s latest financial results. QuantumScape, which develops solid-state lithium-metal battery technology, lost 17 cents per share in the fourth quarter, in line with analyst expectations, per FactSet. It guided for an adjusted EBITDA loss of $250 million to $275 million for the full year, versus the consensus loss of $255.1 million. It also expects capital expenditures for the year between $40 million to $60 million, compared with the $46.2 million expected by analysts. Anheuser-Busch InBev — The beer maker’s fourth-quarter earnings topped expectations, sending shares 2.6% higher. It reported underlying earnings of 95 cents per share, versus the 90 cents expected from analysts polled by LSEG. Its revenue of $15.56 billion topped the $14.95 consensus estimate. Cisco Systems — The maker of networking hardware such as switches and routers dropped about 7% after posting non-GAAP gross margin of 67.5%, below the 68.1% LSEG estimate. Otherwise, Cisco posted second-quarter results that exceeded estimates on the top and bottom lines. The stock had been up 11% already this year. Viking Therapeutics — The biopharmaceutical company jumped 16% after announcing plans to advance its oral obesity drug into Phase 3 development. Viking Therapeutics also reported a loss of $1.38 per share for its fourth quarter, versus the 90 cent loss expected by analysts polled by FactSet. AppLovin — The mobile technology company dropped 7%, despite beating profit and sales estimates. AppLovin reported fourth-quarter earnings of $3.24 per share on revenues of $1.66 billion. Analysts polled by LSEG had expected EPS of $2.93 on revenues of $1.60 billion. AppLovin is already down 32% this year. Fastly — The cloud-computing stocks surged 44% following earnings. Guidance for full-year revenue came in at $700 million to $720 million, while analysts polled by LSEG estimated $668 million. In the fourth quarter, the company posted adjusted earnings of 12 cents per share on revenues of $172.6 million. Analysts expected earnings of 6 cents a share and revenue of $161 million. Paycom Software — The payrolls and human resources software provider shed 9% after issuing revenue guidance in the range of $2.175 billion to $2.195 billion for the calendar year. That was much lower than the FactSet consensus estimate of $2.23 billion. Rollins — The pest control company sank 13% following a disappointing earnings report. Rollins posted GAAP earnings of 24 cents, below the 26 cents consensus estimate, according to FactSet. Revenue of $912.9 million came in below the forecast $926.8 million. Albemarle — The chemical manufacturer slipped 2% after reporting a fourth-quarter adjusted loss of 53 cents per share, wider than the 42 cents analysts polled by FactSet were expecting. On the other hand, its revenue of $1.43 billion topped estimates calling for $1.35 billion. Albemarle also announced plans to idle an Australian lithium plant, and said it will meet customer demand through other production channels going forward Magnum Ice Cream — Following its first earnings results since its spinoff from Unilever, the stock fell nearly 14%. The company reported an earnings and revenue miss for fiscal-year 2025 due to weaker-than-expected growth in sales. Equinix — Shares rose 9.5% after the digital infrastructure firm issued full-year guidance that exceeded Wall Street’s expectations. The company said it expects to notch adjusted earnings before interest, taxes, depreciation and amortization in the range of $5.141 billion to $5.221 billion by the end of 2026 versus analysts’ consensus estimate of $5.03 billion, per FactSet. It also forecast that revenue would come in between $10.123 billion and $10.223 billion this year, topping the consensus estimate of $10.07 billion on the Street. Memory storage stocks — Shares of memory storage stocks added to their ongoing rally this year. Shares of Sandisk and Seagate Technology were up more than 6% and about 3%, respectively. Micron Technology and Western Digital gained more than 3% each. The moves also come after Cisco pointed to rising memory costs in its latest earnings results, which could weigh on its profits moving forward.
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