Stocks making the biggest moves premarket: Boeing, AT&T, Mattel and others
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Check out the companies making headlines before the bell:
Boeing (BA) – Boeing reported a loss of $7.69 per share for the fourth quarter, as it took $4.4 billion in charges relating to a variety of issues, including delivery delays for the 787 widebody jet. Analysts had expected a loss of 42 cents per share. Boeing generated positive cash flow for the quarter, the first time since the first quarter of 2019, and the stock rose 1.1% in the premarket.
AT&T (T) – AT&T gained 1% in the premarket after reporting better-than-expected fourth-quarter profit and revenue. AT&T beat estimates by 2 cents with an adjusted quarterly profit of 78 cents per share, helped by strong growth for its HBO Max unit.
Mattel (MAT) – Mattel surged 7.9% in premarket trading after the Wall Street Journal reported Mattel won back the rights to produce toys based on Walt Disney's «Frozen» franchise from Hasbro (HAS). Hasbro fell 1.7%.
Corning (GLW) – Corning rallied 7.7% in premarket trading after reporting better-than-expected quarterly earnings and revenue. The materials science company also issued an upbeat forecast, as it sees growth in areas like optical components, life sciences and automotive.
Kimberly-Clark (KMB) – The consumer products company's stock fell 4.4% in the premarket after issuing weaker-than-expected revenue and earnings guidance. Kimberly-Clark did, however, report better-than-expected profit and revenue for the fourth quarter.
DraftKings (DKNG) – The sports betting company's stock jumped 6.7% in the premarket after Morgan Stanley upgraded it to «overweight» from «in-line.» The firm said the U.S. sports betting and gaming market is likely to be very large with only a few winners, and that DraftKings will be one of
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