Stocks making the biggest moves premarket: Chipotle, Li Auto, DocuSign and more
Check out the companies making headlines before the bell. Rubrik — The data management stock popped 18.5%. Rubrik beat Wall Street’s expectations, posting an adjusted loss of 18 cents per share for its fourth quarter, which was narrower than the 39 cent loss expected from analysts polled by LSEG. The company also reported $258 million in revenue, above the consensus estimate of $233 million. Chipotle Mexican Grill — The stock rose about 2% after receiving an upgrade to buy from hold at Loop Capital. The firm believes its recent pullback has created an attractive buying opportunity for investors and said that the name is good for managing risk related to President Donald Trump’s tariffs. Li Auto — U.S.-listed shares of the Chinese electric vehicle maker fell nearly 6% after the company posted a decline in its fourth-quarter net profit. The company’s deliveries rose 20% in its latest financial quarter, reflecting the impact of price cuts on its overall revenue. Ulta Beauty —The beauty retailer jumped 7% after its fourth-quarter results beat expectations. Ulta’s earnings came in at $8.46 per share, topping the LSEG consensus estimate of $7.12 per share. Its revenue was $3.49 billion, versus the $3.46 billion expected from analysts. However, the company issued weak guidance for the full year. DocuSign — The tech stock jumped more than 9% after fourth-quarter results beat estimates on the top and bottom lines. DocuSign reported adjusted earnings of 86 cents per share on $776 million of revenue. Analysts were expecting 85 cents in earnings per share and $761 million of revenue, according to LSEG. PagerDuty — Shares of the data company gained 4.8% after PagerDuty reported strong earnings and announced a share repurchase program. PagerDuty posted adjusted earnings of 22 cents on $121.4 million in revenue for the fourth quarter, while analysts polled by LSEG anticipated 16 cents per share in earnings on $120 million in revenue. Semtech — The semiconductor company jumped 12.1% on the heels of better-than-anticipated earnings for its fourth quarter and strong current-quarter guidance. Semtech reported earnings of 40 cents, excluding items, on $251 million in revenue. Analysts polled by LSEG, meanwhile, had expected 32 cents earned per share and revenue of $249 million. — CNBC’s Sean Conlon, Jesse Pound and Michelle Fox contributed reporting.
