Stocks making the biggest moves premarket: ETSY, SEDG, TOL, BMBL
Check out the companies making headlines before the bell. Capital One Financial , Discover Financial Services — Shares of Capital One gained 1.6%, while Discover Financial Services dipped 0.3%, after the two companies said their respective shareholders have voted to approve Capital One’s acquisition of Discover. Toll Brothers — Shares fell more than 5% in the premarket after the homebuilder reported fiscal first-quarter results that missed the mark. The company earned $1.75 per share on revenue of $1.84 billion. Analysts polled by LSEG expected a profit of $2.04 per share on revenue of $1.91 billion. Home deliveries came in at 1,991, below a StreetAccount forecast of 2,060. STMicroelectronics — U.S.-listed shares of the semiconductor company climbed 4.1% on the back of Jefferies’ upgrade to buy from hold. Jefferies told clients to expect a rebound in the company’s financials after the first quarter of 2025. Bumble — Shares tumbled 16.8% after the online dating platform issued weak first-quarter guidance. Bumble forecasts adjusted EBITDA to come in between $60 million and $63 million, and revenue in a range between $242 million and $248 million. Analysts polled by FactSet estimated adjusted EBITDA and revenue of $68.8 million and $256.9 million, respectively. Cadence Design Systems — The computer software stock pulled back 3.3% on disappointing full-year guidance. Cadence estimates adjusted earnings per share to fall between $6.65 and $6.75, while analysts called for $6.83 per share. Cadence’s revenue forecast of between $5.14 billion and $5.22 billion is slightly under the consensus call for $5.25 billion. To be sure, the company posted an earnings and revenue beat in the first quarter on record bookings and backlog in 2024. Philips — U.S.-traded shares of the Netherlands-based health technology company dropped 11.2%. The company posted a miss on both top and bottom lines in the fourth quarter. Philips reported earnings of 0.51 euros per share on 5.04 billion euros in revenue. Analysts had called earnings of 0.53 euros per share and revenue of 5.04 billion euros, according to FactSet. Comparable growth came in at just 1% in the prior quarter, versus consensus forecasts for 1.7%. Howard Hughes — The real estate developer saw shares fall nearly 4% in premarket after Pershing Square’s Bill Ackman hiked his takeover offer to create what he sees as a modern-day Berkshire Hathaway. The billionaire investor said his firm has submitted a proposal to acquire 10 million newly issued Howard Hughes shares at $90 per share. Arista Networks — Shares shed 5% despite the data center company topping analysts’ expectations in its last quarter. For the fourth quarter, Arista earned an adjusted 65 cents per share on $1.93 billion in revenue, while analysts surveyed by LSEG had forecasted adjusted earnings of 57 cents per share on $1.90 billion in revenue. In the current quarter Arista sees revenue coming in between $1.93 billion to $1.97 billion versus the $1.90 billion FactSet estimate. Etsy – Shares of the e-commerce company fell more than 8% after its fourth-quarter revenue missed Wall Street’s expectations. Etsy reported $852.2 million, while analysts polled by FactSet were expecting $861.8 million. Earnings, however, beat expectations, with the company posting $1.03 per share compared to the consensus estimate of 93 cents per share. SolarEdge Technologies — The renewable energy company soared 11% after reporting a top-line beat in the fourth quarter. SolarEdge posted $196.2 million in revenue, topping analysts’ forecasts for $189.3 million, per FactSet. The midpoint of the company’s revenue guidance for the first quarter was also slightly higher than the consensus estimate of $204.3 million. — CNBC’s Sean Conlon, Lisa Kailai Han, Yun Li, Sarah Min, Fred Imbert and Alex Harring contributed reporting
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