Stocks making the biggest moves premarket: Bed Bath & Beyond, Verizon, Lululemon and more

Check out the corporations making headlines earlier than the bell.

Verizon — Verizon shares slipped 1.51% after the firm posted blended outcomes for the 2022 fourth quarter. While earnings met analyst predictions, ahead earnings fell in need of a Refinitiv consensus estimate. .

Bed Bath & Beyond — The meme inventory gained 5.78%, constructing on its dramatic begin to the 12 months, whilst the retailer warns of a possible chapter. Year up to now, Bed Bath & Beyond shares are up 17.1%.

Lyft — The ride-sharing inventory gained 3.4% following an improve from KeyBanc, which Lyft ought to really feel constructive impacts from cost-saving measures together with layoffs and a stabilization in demand.

Johnson & Johnson — Shares of the drug maker ticked larger by lower than 1% premarket after the firm reported blended quarterly monetary outcomes. Johnson & Johnson beat revenue estimates by 10 cents per share, excluding gadgets, based on Refinitiv. It additionally missed income estimates. Its full-year outlook for earnings was barely larger than estimates whereas its income forecast was about consistent with estimates.

Blackstone — Shares rose 1.3% after JPMorgan upgraded Blackstone to chubby from impartial, saying the funding administration agency is a "best in class" enterprise that's set for a smooth touchdown.

Lululemon — The athleisure retailer fell 2.07% after Bernstein downgraded the inventory, warning {that a} reset is coming for the attire inventory and noting the firm is going through an inflection level in its development.

Lockheed Martin — Lockheed Martin shares gained 1.52% after the firm posted newest quarterly outcomes. The protection firm's income got here in at $18.99 billion, topping a Refinitiv forecast of $18.27 billion. Lockheed's earnings per share additionally topped expectations.

AMD — The chip inventory fell more than 2% in premarket after Bernstein downgraded the chipmaker to market carry out from outperform. The Wall Street agency mentioned the downgrade is because of the sliding pc and new components demand in the inflationary atmosphere.

— CNBC's Alex Harring, Yun Li, Tanaya Macheel and Sarah Min contributed reporting

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