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Check out the companies making headlines before the bell:
DraftKings — Shares of DraftKings rose more than 8% after the sports betting company posted fourth-quarter results that beat expectations. The company reported a loss of 53 cents per share on revenue of $855 million. Analysts polled by Refinitiv had expected a loss of 59 cents per share on revenue of $800 million.
DoorDash – The online food delivery company gained more than 5% after revenue of $1.82 billion in the fourth quarter, beating analyst expectations of $1.77 billion, according to Refinitiv. DoorDash also said it will buy back up to $750 million of shares. However, the company reported a larger-than-expected loss.
Deere & Company — Shares rose 3% after Deere beat sales and profit expectations in the last quarter. The farm equipment maker reported earnings per share of $6.55 on revenue of $11.4 billion. That was more than $5.57 earnings per share predicted by analysts polled by Refinitiv, and the consensus revenue estimate of $11.28 billion.
AutoNation — Shares rose 4% after AutoNation beat earnings and sales expectations in the fourth quarter. The auto dealership reported adjusted earnings of $6.37 per share on revenues of $6.7 billion. This beat consensus estimates for $5.83 earnings per share on $6.52 billion in revenue, according to Refinitiv.
Year – Shares of the streaming device company rose more than 2% after Bank of America double upgraded the stock to buy from underperform. The Wall Street firm said Roku is on track for revenue and margin improvement and that the company is outperforming the broader advertising market. Roku rose 11% on Thursday after the company reported a smaller-than-expected loss in its last quarter.
Applied Materials — Semiconductor stocks rose 1.5% after Applied Materials posted higher earnings in the first quarter, beating expectations for the second quarter, according to Refinitiv’s consensus estimates.
CH Robinson Worldwide – Shares fell more than 1% after JPMorgan downgraded CH Robinson Worldwide from neutral to underweight because the transportation company is more exposed to macro risk than its rivals.
Redfin — Shares of the real estate company fell nearly 5% despite a better-than-expected fourth quarter. The company reported a loss of 57 cents per share on revenue of $480 million. Analysts polled by Refinitiv had expected a loss of $1.08 per share on revenue of $445 million. Sales were still down year on year. The company did forecast sales in the first quarter to fall between 46% and 49% year over year.
Texas Roadhouse – The restaurant chain’s stock fell more than 5% after Texas Roadhouse reported fourth-quarter revenue and earnings that beat expectations. The restaurant posted earnings per share of 89 cents, lower than the $1.03 estimated by analysts polled by Refinitiv. It reported revenue of $1.01 billion, below the consensus estimate of $1.02 billion.
— CNBC’s Michelle Fox, Yun Li, and Jesse Pound contributed reporting
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