These are some of the stocks posting the largest moves in premarket trading Wednesday

February 05, 2025 | 09:20am

Stocks making the biggest moves premarket: Apple, AMD, Uber, Alphabet, PDD and more

These are some of the stocks posting the largest moves in premarket trading Wednesday

Check out the companies making headlines before the stock market open. Alphabet — The Google parent tumbled 7% after fourth-quarter revenue of $96.47 billion lagged the $96.56 billion estimated by analysts polled by LSEG. Alphabet also said it plans to invest $75 billion in 2025 as it expands its artificial-intelligence strategy, more than the $58.84 billion consensus estimate, according to FactSet. Uber — The ride-hailing company fell 5% after cautioning that the strong dollar could weigh on first quarter gross bookings. Uber's fourth-quarter revenue of $11.96 billion beat expectations of $11.77 billion, according to LSEG estimates. Chipotle Mexican Grill — Shares of the fast-food burrito chain shed about 4.9% after Chipotle's fourth-quarter same-store sales growth disappointed Wall Street and it said fiscal 2025 same-store sales would show low- to mid-single digit growth. Chipotle beat earnings per share estimates in the latest quarter and met revenue estimates, posting adjusted earnings of 25 cents on revenue of $2.85 billion on strong restaurant traffic. Analysts polled by LSEG had called for adjusted earnings of 24 cents a share. PDD — The Chinese e-commerce platform lost about 7.1% after the U.S. Postal Service suspended inbound packages from China and Hong Kong "until further notice." PDD, the parent of Temu, relied on a popular trade loophole known to keep prices low as it expanded in the U.S. The USPS later reversed course, saying Wednesday it would resume accepting packages from China. Apple — The iPhone maker pulled back 2% on reports that Chinese regulators were considering starting a formal probe into Apple's application store fees and policies, according to Bloomberg. Johnson Controls International — The Irish-domiciled conglomerate saw shares jump nearly 8% in early trading after reporting quarterly results above estimates. Johnson Controls earned 64 cents per share, five cents above a FactSet estimate. Revenue of $5.42 billion also beat the Street's $5.29 billion, FactSet said. Mondelez International — The Oreo cookie parent slid more than 4% after missing Wall Street's fourth-quarter consensus estimates and saying it expects 2025 adjusted earnings per share to fall 10% on a constant currency basis due to "unprecedented cocoa cost inflation." Mondelez earned 65 cents per share in the latest quarter on revenue of $9.60 billion, while analysts surveyed by LSEG expected 66 cents per share in earnings on $9.64 billion in revenue. Lumen Technologies — The telecommunications company surged 9.3% on the back of strong fourth-quarter results. Lumen earned an adjusted 9 cents per share on revenue of $3.33 billion. Analysts polled by LSEG had expected a loss per share of 5 cents on revenue of $3.20 billion. Workday -- The cloud applications provider climbed 5.5% after announcing a restructuring plan expected to eliminate roughly 8.5% of the workforce. Advanced Micro Devices — The chipmaker plunged 9.1% after missing estimates in its key data center business. AMD reported better-than-expected revenue and profit in the quarter just ended, with adjusted earnings of $1.09 a share on revenue of $7.66 billion topping estimates of $1.08 a share on revenue of $7.53 billion, according to LSEG. Mattel — The toymaker soared about 13.5% after fourth-quarter results beat Wall Street expectations. Mattel earned 35 cents per share excluding one-time items on revenue of $1.65 billion and said it expects revenue will rise 2% to 3% in 2025 on a constant currency basis. Analysts polled by LSEG had estimated the company would earn 20 cents per share on revenue of $1.63 billion. Match —The dating platform tumbled 9% after fourth-quarter adjusted operating income of $323.9 million trailed analysts' estimate of $326.7 million, per FactSet. Match also guided for first-quarter adjusted operating income and revenue that was below Wall Street consensus. Disney — The theme park owner edged up nearly 1% after fiscal first-quarter earnings beat on the top and bottom lines, but it revealed signs of upcoming streaming subscriber losses at Disney+. Disney warned investors that it expects a "modest decline" in subscribers in the second quarter. The company posted adjusted earnings of $1.76 a share on revenue of $24.69 billion in the quarter just ended, while analysts polled by LSEG expected earnings of $1.45 a share, excluding items, on revenue of $24.62 billion. Novo Nordisk — Shares rose 3% after the Danish pharmaceutical giant's fourth-quarter results topped expectations . Novo Nordisk reported net profit of 28.23 billion Danish kroner, above the 26.09 billion that analysts polled by FactSet were expecting. Full-year net profit also came in better than expected at 100.99 billion Danish kroner versus the consensus estimate of 99.14 billion. Electronic Arts — The video game company rose 2.4% after reporting better-than-expected quarterly results and planning a $1 billion stock buyback. FMC Corp – The chemical manufacturer tumbled 23% after issuing weak guidance for the current quarter. FMC expects earnings per share between 5 cents and 15 cents, versus FactSet consensus estimates of 77 cents. Fourth quarter revenue trailed analyst estimates – $1.22 billion versus $1.32 billion estimated – and earnings of $1.79 per share beat estimates of $1.60 per share. Toyota Motor — U.S. listed shares of Toyota, the world's largest automaker by sales volume, added 2.9% after it announced plans to form a new company in China to make electric vehicles as it catches up to other automakers.Toyota exceeded revenue estimates from analysts polled by LSEG but fell short of third-quarter profit forecasts , posting a nearly 28% decline in year-on-year quarterly operating profit in the fourth quarter. — CNBC's Lisa Han, Sean Conlon, Spencer Kimball, Hakyung Kim, Jesse Pound, Brian Evans, Yun Li, Tanaya Macheel and Michelle Fox contributed reporting.

This story originally appeared on: CNBC - Author:Pia Singh