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Check out the companies making headlines before the bell.
Devon Energy — Shares fell 6.4% after the energy company reported fourth-quarter earnings and revenue that both came in under the respective consensus estimates of analysts polled by Refinitiv.
Airbnb — The home-sharing company gained nearly 10% in the premarket after posting fourth-quarter earnings that beat analysts’ expectations. Airbnb reported earnings per share of 48 cents, compared to the 25 cents expected, per Refinitiv. Its earnings came in at $1.90 billion, higher than the forecasted $1.86 billion.
Generac — Shares added more than 2% after the power generator maker reported fourth-quarter earnings results. Generac posted earnings of $1.78 per share, better than the $1.75 per share expected by analysts polled by FactSet. However, Generac reported revenues of $1.05 billion, lower than consensus expectations of $1.07 billion.
Analog Devices — Shares were up 6.7% in premarket trading after the company reported better-than-expected earnings for the fiscal first quarter. The chipmaker posted adjusted earnings per share of $2.75, higher than the $2.61 expected from analysts on FactSet. Its revenue came in at $3.25 billion, above Wall Street’s expectations of $3.15 billion.
Kraft Heinz — Shares dropped 2.2% after the food and beverage company said earnings for this fiscal year would be between $2.67 and $2.75 a share. That’s below the consensus estimate of $2.77 a share from analysts collected by FactSet. The company however reported earnings that beat analysts’ expectations for the last quarter.
Paramount Global — Shares gained 2.5% premarket after Berkshire Hathaway increased its stake in the streaming giant, according to the latest regulatory filings. Warren Buffet’s firm now owns more than 93 million shares in the entertainment company.
Roblox Corp — Shares of the online game platform soared 16% after the company reported a fourth-quarter revenue of…
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