Devon Energy Shares fell 6.4% after the energy company reported fourth-quarter earnings and revenue that both came in under the respective consensus estimates of analysts polled by Refinitiv.
Airbnb — The home-sharing company gained nearly 10% in the premarket after posting fourth-quarter earnings that beat analysts’ expectations. Airbnb reported earnings per share of 48 cents, compared to the 25 cents expected, per Refinitiv. Its earnings came in at $1.90 billion, higher than the forecasted $1.86 billion.
Generac — Shares added more than 2% after the power generator maker reported fourth-quarter earnings results. Generac posted earnings of $1.78 per share, better than the $1.75 per share expected by analysts polled by FactSet. However, Generac reported revenues of $1.05 billion, lower than consensus expectations of $1.07 billion.
Analog Devices — Shares were up 6.7% in premarket trading after the company reported better-than-expected earnings for the fiscal first quarter. The chipmaker posted adjusted earnings per share of $2.75, higher than the $2.61 expected from analysts on FactSet. Its revenue came in at $3.25 billion, above Wall Street’s expectations of $3.15 billion.
Kraft Heinz — Shares dropped 2.2% after the food and beverage company said earnings for this fiscal year would be between $2.67 and $2.75 a share. That’s below the consensus estimate of $2.77 a share from analysts collected by FactSet. The company however reported earnings that beat analysts’ expectations for the last quarter.
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