Stocks making the biggest moves premarket: DraftKings, Applied Materials, Roku, Rivian Automotive and more
Check out the companies making headlines before the bell. DraftKings — Shares fell about 17% after the sports betting operator’s 2026 revenue forecast disappointed. In the fourth quarter, DraftKings earned 25 cents per share on revenue of $1.99 billion. That was better than the LSEG estimate of 15 cents per share in earnings and $1.98 billion in revenue. However, the company expects revenue this year to be between $6.5 billion and $6.9 billion, far below the consensus estimate of $7.31 billion. Roku — Shares rose 15% after Roku posted adjusted earnings before interest, taxes, depreciation and amortization of $169.4 million and revenue of $1.39 billion for the fourth quarter, topping analysts’ consensus estimates of $145.4 million in earnings on $1.35 billion in revenue. The company also issued better-than-expected forward guidance for 2026. The TV streaming platform said it expects to notch $635 million in adjusted EBITDA and $5.5 billion in revenue by the end of this year, beating analysts’ consensus forecasts of $579.7 million in adjusted EBITDA and $5.34 billion in revenue. Separately, Rosenblatt hiked its price target for Roku to $118 from $106, implying 42% upside from Thursday’s close. Rivian Automotive — The electric truck manufacturer surged 20%. The company said it sees 2026 vehicle deliveries ranging from 62,000 to 67,000 units , which would be higher by 47% to 59% compared to 2025. Fourth-quarter adjusted losses came in at 54 cents per share, narrower than the LSEG consensus for a loss of 68 cents per share. Revenue of $1.29 billion topped the estimate of $1.26 billion. Applied Materials — The California-based semiconductor equipment company jumped 11% on the back of blowout earnings results. Applied Materials reported adjusted earnings of $2.38 per share on revenue of $7.01 billion, while analysts polled by LSEG expected earnings of $2.20 per share on revenue of $6.87 billion. Expedia Group — Shares of the online travel agency slid more than 6% after Expedia identified “emerging AI-powered platforms” in its earnings presentation as a potential risk, even as it posted fourth quarter results that beat expectations. Expedia earned $3.78 per share, on an adjusted basis, on revenues of $3.55 billion. That was better than the earnings of $3.36 per share on revenues of $3.42 billion expected by analysts polled by LSEG. Steel and aluminum stocks — The stocks traded lower after the Financial Times reported that U.S. President Donald Trump will roll back tariffs on the goods. The president put trade levies of up to 50% on steel and aluminum imports last summer, later expanding them to products made from the metals. Steel Dynamics shed 5% while Cleveland-Cliffs was down nearly 3%. Century Aluminum plunged 10% and Alcoa lost 4%. Coinbase — Shares of the crypto company rose 5%. Coinbase said that its total trading volume in 2025 hit $5.2 trillion, up 156% year over year. The firm also reported that its subscription and services revenue rose to $2.8 billion in 2025, up from $2.3 billion in the year prior. That’s despite Coinbase falling short of the Street’s expectations on revenue for the fourth quarter. Wynn Resorts — Shares of the hotel and casino operator fell more than 6% after an earnings miss in its fourth-quarter report. Wynn reported $1.17 in earnings per share while analysts surveyed by FactSet expected $1.47 in earnings per share, though the company’s $1.87 billion in revenue slightly beat expectations. The company saw its operating revenues fall in Vegas and Boston but expand in Macau. Pinterest — Shares of the social media company plunged 20% in extended trading. Pinterest posted disappointing fourth-quarter results and gave weak guidance for first-quarter sales. For its previous period, Pinterest earned 67 cents per share, excluding items, while analysts polled by LSEG expected 69 cents per share. Fourth-quarter revenue of $1.32 billion came out slightly lower than the $1.33 billion expected in the LSEG consensus. Dutch Bros — The drive-thru coffee shop operator rose 14% after it reported fourth-quarter earnings of 17 cents per share excluding some items, compared to the LSEG consensus estimate of 10 cents per share. The company also beat on revenue, posting $444 million for the three-month period versus analysts’ expectation of $425 million. — CNBC’s Sarah Min and Davis Giangiulio contributed reporting.
