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Stocks making the biggest pre-market moves: Boeing, AT&T and more

The exterior of a 787 Dreamliner at Boeing’s manufacturing facility in North Charleston, Dec. 13, 2022.

Logan Cyrus | AFP | Getty Images

Check out the companies making headlines before the bell.

Boeing – Boeing shares fell about 1.7% premarket after the planemaker posted earnings and revenue that missed expectations, despite an improvement in demand. The company cited a lack of labor and supplies for the disappointing numbers.

News Corporation, Fox News — Shares in News Corp and Fox News rose 4.9% and 1.8%, respectively, after Rupert Murdoch dropped plans to merge the two companies, a proposal that faced backlash from shareholders.

AT&T — Shares rose 1.8% after the telecommunications giant’s fourth-quarter report came out Wednesday, showing an increase in subscribers but forecasting a below-expected annual profit.

Microsoft — Microsoft shares fell nearly 3% after the software giant shared a dismal earnings forecast for the current quarter. The tech topped earnings expectations but said new business growth slowed in December, including within its Azure segment.

Omnicom — Shares of the global media firm fell 3% after it was revealed that BlackRock Inc. increased its stake in the company, now owning 9.4% of the shares.

Sun run, SunPower — The solar companies both fell more than 3% after being downgraded by Barclays on a potential slowdown in solar demand. Sunrun was downgraded to equal weight from overweight, while SunPower’s rating was reduced to underweight from equal weight.

Enphase — Shares fell 4% following a downgrade from Piper Sandler to neutral from buy. The firm pointed to a potential reset in the US residential solar market coming in 2023, while still acknowledging that the company has a strong product, leadership and position.

Capital one — The financial stock fell 2.3% after Capital One reported disappointing quarterly results. The company earned $3.03 per share on revenue of $9.04 billion. Analysts polled by StreetAccount expected a profit of $3.87 per share on revenue of $9.07 billion. Net interest income was also below expectations.

Intuitive surgical – The maker of robotic surgical systems suffered a 9% drop after the company reported fourth-quarter earnings and revenue that were just below expectations. The company cited a resurgence of Covid-19 in China as negatively impacting procedure volumes in the area.

F5 – Shares of the web application security company fell 3.7% after F5 reported revenue for the latest quarter that missed analysts’ expectations and provided weaker-than-expected earnings guidance for the second quarter.

— CNBC’s Alex Harring, Samantha Subin, Tanaya Macheel, Carmen Reinicke and Michelle Fox Theobald contributed reporting.

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