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Check out the companies making the biggest moves in premarket trading: Beyond Meat – Shares surged 59% a day after the plant-based meat company topped fourth-quarter revenue estimates and said it will break even this year. will “decrease rapidly”. Revenue came in at $73.7 million, compared with the $66.7 million expectation from analysts surveyed by LSEG. Bumble — Shares fell nearly 12% on Tuesday after the dating app company announced plans to lay off about 350 employees and delivered a disappointing revenue forecast as part of its fourth-quarter earnings. Bumble had revenue of $273.6 million in the latest quarter, up from $241.6 million in the same period last year, and lost 19 cents per share, compared with a loss of 35 cents per share in the year-ago quarter. Bumble also plans to revamp its app in an effort to attract more users. Advance Auto Parts -Shares rose 7% after the auto parts retailer gave upbeat full-year guidance. AAP guided for earnings of $3.75 to $4.25 per share in 2024, better than the $3.65 expected from analysts surveyed by FactSet. Fourth-quarter revenue came in line with estimates, while earnings fell short of expectations. eBay – The online marketplace advanced 5% in a day and beat fourth-quarter earnings and revenue estimates. Guidance for first-quarter earnings per share also topped expectations. Additionally, Ebay announced a dividend increase and authorized another $2 billion share buyback. Baidu – The Chinese internet company’s U.S.-listed shares fell 2% after fourth-quarter adjusted EBITDA lagged analyst estimates and revenue fell short of expectations, according to FactSet’s StreetAccount. First Solar – Shares rose nearly 7% a day after reporting a fourth-quarter earnings decline. According to LSEG, earnings per share came in at $3.25, compared to the consensus estimate of $3.13. First Solar’s full-year guidance met expectations. Lemonade – The stock fell 15.5% a day after the insurance company gave disappointing guidance for the first quarter and full year. While fourth-quarter adjusted EBITDA and revenue topped expectations, Lemonade guided for first-quarter revenue between $111 million and $113 million, below the $119.8 million expected by analysts surveyed by FactSet. Full-year revenue guidance of $505 million to $510 million was below the $520.9 million consensus estimate. Revolve Group – Shares rose 3% after the online fashion retailer’s fourth-quarter earnings and revenue beat analysts’ estimates. According to FactSet, Revolve reported adjusted earnings before interest, taxes, depreciation and amortization of $8.5 million on revenue of $257.8 million, above the $3.4 million EBITDA on revenue of $246.2 million expected by analysts. Applied Materials – The stock fell 2% after the chip maker disclosed it had received subpoenas from the SEC and the U.S. Attorney’s Office regarding shipments to China customers. Applied Materials said it is fully cooperating. Viatris – The pharmaceutical company fell 2% after reporting disappointing fourth-quarter revenue. Viatris’ revenue of $3.83 billion fell short of estimates by $3.89 billion of analysts surveyed by FactSet. Adjusted net income also fell short of estimates. Ambarella – The semiconductor maker rose nearly 9% in the latest quarter after reporting a narrower-than-expected loss of 24 cents a share and revenue that matched analyst estimates. Revenue guidance for the first quarter was broadly in line with Wall Street estimates. TJX Companies – Shares rose 2% after the parent company of TJ Maxx and Marshalls reported stronger-than-expected quarterly revenue. Fourth-quarter revenue of $16.41 billion beat the $16.20 billion expected by analysts surveyed by FactSet, while earnings per share of $1.12 came in line with estimates. TJX’s consolidated same-store sales rose 5% in the fourth quarter, higher than before and “driven entirely by an increase in customer transactions.” Urban Outfitters – Shares fell nearly 10% a day after the clothing retailer missed fourth-quarter earnings and revenue estimates. Earnings per share came in at 69 cents, compared with the consensus estimate of 74 cents, according to FactSet. Revenue of $1.49 billion was less than the expected $1.5 billion. Crypto Stocks – Shares of cryptocurrency-related stocks surged as Bitcoin surged above $60,000. Coinbase rose 6% and CleanSpark rose 8%. MicroStrategy, which bought another 3,000 bitcoins on Monday, jumped 9%. — CNBC’s Sarah Min, Lisa Han, Jesse Pound, Pia Singh and Samantha Subin contributed reporting.
