Stocks making the biggest moves premarket: Boeing, AT&T and more

The exterior of a 787 Dreamliner at the Boeing manufacturing facility in North Charleston, on December 13, 2022. Logan Cyrus | AFP | Getty Images Check out the companies making headlines before the bell. Boeing – Boeing’s stock dropped about 1.7% premarket after the aircraft maker posted earnings and revenue that missed expectations, despite a demand recovery. The company cited labor and supply shortages for the disappointing numbers. News Corporation, Fox News — shares of News Corp and Fox News were up 4.9% and 1.8%, respectively, after Rupert Murdoch ditched plans to merge the two companies, a proposition that met pushback from shareholders. AT&T — Shares were up 1.8% after the telecommunications giant’s fourth-quarter report came out Wednesday, showing an increase in subscribers but forecasting an annual profit below expectations. Microsoft — Microsoft shares declined by nearly 3% after the software giant shared a dismal revenue forecast for the current quarter. The tech bellwether topped earnings expectations but said new business growth slowed in December, including within its Azure segment. Omnicom — Shares of the global media firm were down 3% after it was disclosed that BlackRock Inc. added to its stake in the company, now owning 9.4% of shares. Sunrun, SunPower — The solar companies both fell more than 3% after being downgraded by Barclays due to a potential slowdown in solar demand. Sunrun was downgraded to equal weight from overweight, while SunPower’s rating was slashed to underweight from equal weight. Endphase — Shares slid 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, management and position. Capital One — The financial stock dropped 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 also came in below expectations. Intuitive Surgical – The maker of robotic surgical systems suffered a 9% drop after the company reported fourth-quarter earning and revenue that fell just short of expectations. The company cited a Covid-19 resurgence in China that negatively impacted procedure volumes in the area. F5 – Shares of the web application security company slid 3.7% after F5 reported revenue for its most-recent quarter that missed analyst expectations and issued 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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