Bed Bath & Beyond, Verizon, Lululemon and more

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A pedestrian walks by a Bed Bath and Beyond retailer in San Francisco, California.

Justin Sullivan | Getty Images

Check out the businesses making headlines earlier than the bell.

Verizon — Verizon shares slipped 1.51% after the corporate posted blended outcomes for the 2022 fourth quarter. While earnings met analyst predictions, ahead earnings fell wanting a Refinitiv consensus estimate. .

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Bed Bath & Beyond — The meme stock gained 5.78%, constructing on its dramatic begin to the 12 months, even because the retailer warns of a possible chapter. Year so far, Bed Bath & Beyond shares are up 17.1%.

Lyft — The ride-sharing stock gained 3.4% following an improve from KeyBanc, which Lyft ought to really feel optimistic impacts from cost-saving measures together with layoffs and a stabilization in demand.

Johnson & Johnson — Shares of the drug maker ticked greater by lower than 1% premarket after the corporate reported blended quarterly monetary outcomes. Johnson & Johnson beat revenue estimates by 10 cents per share, excluding gadgets, in accordance with Refinitiv. It additionally missed income estimates. Its full-year outlook for earnings was barely greater than estimates whereas its income forecast was about according to estimates.

Blackstone — Shares rose 1.3% after JPMorgan upgraded Blackstone to obese from impartial, saying the funding administration agency is a “best in class” enterprise that is set for a smooth touchdown.

Lululemon — The athleisure retailer fell 2.07% after Bernstein downgraded the stock, warning {that a} reset is coming for the attire stock and noting the corporate is going through an inflection level in its progress.

Lockheed Martin — Lockheed Martin shares gained 1.52% after the corporate posted newest quarterly outcomes. The protection firm’s income got here in at $18.99 billion, topping a Refinitiv forecast of $18.27 billion. Lockheed’s earnings per share additionally topped expectations.

AMD — The chip stock fell more than 2% in premarket after Bernstein downgraded the chipmaker to market carry out from outperform. The Wall Street agency mentioned the downgrade is because of the sliding pc and new elements demand within the inflationary atmosphere.

— CNBC’s Alex Harring, Yun Li, Tanaya Macheel and Sarah Min contributed reporting



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