Fluence Energy's stock experienced a dramatic 41% drop following the announcement of a larger-than-expected loss for its fiscal first-quarter. In contrast, DuPont de Nemours saw its shares surge by 5% as its fourth-quarter results surpassed Wall Street's predictions. Meanwhile, AutoNation enjoyed a modest 1% increase in stock value after reporting better-than-expected fourth-quarter earnings.
Snap's shares retreated 1.8% after Guggenheim downgraded the stock from buy to neutral, reflecting a cautious outlook on the social media company. Meanwhile, Coty faced a 2.5% decline in its stock price as the beauty products manufacturer reported disappointing fiscal second-quarter earnings and revenue.
Astera Labs' stock fell 4.2% despite posting stronger-than-expected fourth-quarter earnings. In a more optimistic turn, Steel Dynamics' shares gained 2% following an upgrade by KeyBanc from sector weight to overweight, signaling confidence in the American steel producer's future performance.
Fluence Energy revealed a loss of 32 cents per share, surpassing the 19 cents anticipated by analysts surveyed by FactSet. In contrast, DuPont achieved adjusted earnings of $1.13 per share on revenue totaling $3.09 billion, beating market expectations and contributing to its stock rally.
CoreCivic provided investors with guidance, forecasting full-year per-share earnings between 48 cents and 61 cents. This announcement comes as investors closely monitor the company's strategic decisions and financial health.
Coca-Cola exceeded analyst predictions by earning an adjusted 55 cents per share on $11.54 billion in revenue, surpassing the forecasted 52 cents per share and $10.68 billion in revenue outlined by analysts polled by LSEG. Despite this positive news, Shopify's stock decreased by 3% due to a revenue miss in its latest earnings report.
First Solar experienced a nearly 2% rise in premarket trading after Mizuho upgraded the company from neutral to outperform, signaling positive sentiment in the solar energy sector. Compass saw its shares climb 4.5% following an upgrade by UBS, which highlighted a potential 50% upside after the residential real estate broker's recent acquisition.
Lattice Semiconductor witnessed a remarkable 14% surge in its stock price as it reported revenue figures that surpassed Wall Street expectations, demonstrating significant growth potential.