Check out the companies making headlines before the bell. Intel — The chipmaker fell more than 10% after reporting weaker-than-expected first-quarter guidance. The company currently expects revenue in the range of $12.2 billion to $13.2 billion, compared to analyst estimates compiled by LSEG of $14.16 billion. American Express — Shares rose 3% after the company reported better-than-expected full-year earnings guidance, although fourth-quarter results fell short of expectations. American Express expects full-year earnings to range from $12.65 to $13.15 per share, compared to the Street Account consensus estimate of $12.38 per share. T-Mobile — The telecommunications company fell 2% after reporting mixed fourth-quarter results. Earnings per share came to $1.67, below the $1.91 expected by analysts polled by FactSet. T-Mobile’s revenue was $20.48 billion, beating expectations of $19.67 billion. Western Digital — Western Digital’s stock price fell about 4% despite the company giving a positive fiscal third-quarter outlook with better-than-expected sales and a smaller-than-expected loss per share. Western Digital posted a loss of 69 cents per share on revenue of $3.03 billion. This beat the forecast of a loss per share of $1.13 and revenue of $2.99 billion by analysts surveyed by LSEG. KLA Corporation — The semiconductor equipment maker fell 4% after reporting a downbeat fiscal outlook for the third quarter. KLA Corporation beat Wall Street’s profit and revenue expectations in the latest quarter, but profits declined from a year ago. Visa — Visa shares fell 3% even though the company beat quarterly estimates. However, the digital payments company revised its operational spending guidance upwards and said payment volumes had slowed in January. Snap — Shares jumped 3% after Deutsche Bank upgraded Snap from hold to buy, saying there was a “clear and strong catalytic path towards earnings and EBITDA correction.” The Wall Street firm raised its price target to $19 from $10, an increase of more than 16% from Thursday’s closing price of $16.29. Levi Strauss – Shares of the denim maker fell nearly 2% in premarket trading after the company announced Thursday that fourth-quarter earnings fell short of expectations. The company also predicted a decline in sales this year and announced plans to lay off 10% to 15% of its global workforce. Coinbase – The cryptocurrency services company was helped by rising Bitcoin prices, rising more than 4% on Friday morning. Additionally, the stock received an upgrade from Oppenheimer to Overperform based on a number of positives expected this year. Colgate-Palmolive — The housewares and consumer products maker is trading near flat after reporting fourth-quarter results that slightly beat Wall Street expectations. Colgate-Palmolive reported adjusted earnings of 87 cents per share on sales of $4.95 billion, and said it expects full-year net sales growth to be 1% to 4%. Capital One Financial — Financial stocks fell more than 1% in thin trading after Capital One reported lower fourth-quarter profits. The company’s earnings per share were $1.67, down from $4.45 in the third quarter and $3.03 a year earlier. Capital One said the quarter included a special assessment from the Federal Deposit Insurance Corporation, which lowered its earnings per share by 57 cents, but even without that impact, profits would have been lower. It’s called deaf. —CNBC’s Tanaya Machel, Brian Evans, Sarah Min, Michelle Fox and Jesse Pound contributed reporting.
Stocks making the biggest moves pre-market: INTC, TMUS, AXP
