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Check out the companies making headlines before the bell rings. Unity Software – Shares fell 15% after the video game developer forecast that adjusted EBITDA would fall short of analysts’ expectations for the current quarter. Analysts surveyed by FactSet were expecting $113 million in EBITDA, while Unity is expecting only between $45 million and $50 million. Workday – Shares fell 5% after the enterprise software company posted its fourth-quarter report. Workday’s adjusted earnings came in at $1.57 a share, better than the $1.47 expected by analysts surveyed by LSEG. However, its revenue came in line with consensus expectations of $1.92 billion. Zoom Video – Communications software stock rises 12% after reporting better-than-expected financial fourth quarter. Zoom reported adjusted earnings of $1.22 per share on revenue of $1.15 billion, while analysts surveyed by LSEG were expecting earnings of just $1.15 on revenue of $1.13 billion. CarGurus – Although CarGurus beat analysts’ expectations for its fourth-quarter earnings and revenue, the stock fell 13% after the online car-selling platform posted weak guidance for the current quarter. CarGurus expects earnings of between 24 cents to 29 cents per share and revenue of $201 million to $221 million, while analysts polled by LSEG had expected 31 cents per share on $236 million in revenue. Hims & Hers – Shares soared 19% after the telehealth company posted a strong current-quarter outlook and beat analyst forecasts for fourth-quarter earnings and revenue. The company reported earnings of 1 cent per share and revenue of $247 million, while analysts polled by LSEG predicted a loss of 2 cents on revenue of $246 million. Macy’s – Shares of the department store fell 3% after the company posted quarterly revenue that beat analysts’ estimates — $8.12 billion versus $8.15 billion expected — and forecast another year of steady sales, according to LSEG. . The company reported a 4.2% decline in same-store sales, while analysts had expected a 5.8% decline. Lowe’s – Shares of the home improvement retailer fell nearly 2% premarket despite reporting better-than-expected earnings after the company reported a sales decline during the fourth quarter and said it expected them to rise again during the current fiscal year. There will be a decline. Lowe’s revenue came in at $18.60 billion, according to LSEG, while analysts expected $18.45 billion. AutoZone – The automotive retailer rose 3% after it beat earnings and revenue expectations for its fiscal second quarter. AutoZone’s earnings of $28.89 per share beat analysts’ estimates of $26.28 per share, according to LSEG. The company’s revenue of $3.85 billion also exceeded the estimated $3.84 billion. Cava – Shares rose 8% a day after the Mediterranean restaurant chain reported a decline in fourth-quarter earnings and revenue. Kava’s revenue rose 52% from the year-ago quarter to $175.5 million, while analysts polled by FactSet were expecting $174.3 million. Kava’s full-year guidance EBITDA also topped estimates. Roku – Shares of the streaming device company fell 2.5% after Wells Fargo downgraded it from equal weight to underweight. According to Wells Fargo, Walmart’s acquisition of Vizio could hurt Roku’s growth. PPG Industries – Shares fell slightly after Barclays downgraded the paint and coatings maker from overweight to equal weight after PPG Industries announced it would review strategic options for its architectural coatings business in the US and Canada. Barclays said the company disclosed its North American architectural business is “performing much weaker than expected.” Viking Therapeutics – Shares surged more than 100% after the clinical-stage biotech firm, which works on anti-obesity drugs, announced that it met primary and secondary endpoints in its Phase 2 GLP-1 study. Went. Notably, its Phase 2 VENTURE trial showed that the body weight of all patients who received VK2735 treatment was significantly reduced compared to the placebo group. The next steps for Viking include moving forward with the FDA to begin development of VK2735. — CNBC’s Michelle Fox, Tanaya Machel, Sarah Min and Jesse Pound contributed reporting.
