Stocks making the biggest moves premarket: Palantir, Coca-Cola, Marriott and more
Here are the stocks making notable moves before the opening bell on Tuesday, Feb. 14.
Palantir — Shares of the software company surged 18% in extended trading after Palantir reported it made a profit in the fourth quarter, the first GAAP profit in the company’s history. Palantir’s revenue also came in stronger than expected.
Coca-Cola — The Atlanta-based soft drink maker gained nearly 1% after reporting revenue of $10.13 billion for the fourth quarter, topping the $10.02 billion expected by Wall Street analysts, according to Refinitiv. Adjusted earnings per share came in at 45 cents, in line with estimates.
Marriott — The hotel stock rose nearly 2% in premarket trading after Marriott beat estimates on the top and bottom lines for the fourth quarter. Marriott reported $1.96 in adjusted earnings per share on $5.92 billion in revenue. Analysts surveyed by Refinitiv were expecting $1.83 per share on $5.47 billion of revenue.
Restaurant Brands — Shares of the Burger King parent dipped 3% after it reported 72 cents in earnings per share for the fourth quarter, two cents below Wall Street estimates, according to FactSet. Restaurant Brands also announced that chief operating officer Joshua Kobza will become CEO on March 1.
Occidental Petroleum — The energy producer rose more than 1% in premarket after Goldman Sachs upgraded it to buy from neutral. The Wall Street firm said the upgrade came after the stock’s recent underperformance, adding that the current valuation is difficult to reconcile with the quality of the underlying assets and cash flow power through an entire economic cycle.
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