Premarket Moves From Dish, Target, Zoom, Arconic, And More

See which businesses are moving most quickly in premarket trading:

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Dish Network

In response to the multi-day service interruption and double-downgrade from Bank of America, the satellite company's shares dropped by over 5%. In 2023, shares of Dish are down 13.5%, and over the last 12 months, they are down 61.8%.

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Target

With the release of fiscal fourth-quarter earnings per share of $1.89, which exceeded the $1.40 consensus estimate of analysts surveyed by Refinitiv, the retailer saw a 1.2% increase. Although Target's full-year EPS projection missed expectations, revenue also exceeded expectations.

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Arconic

Shares dropped 3.5% after Goldman Sachs downgraded them from neutral to sell. The company noted a cloudy demand picture for Europe.

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Celsius Holdings

The energy drink producer increased 4.2% after Credit Suisse upgraded it from neutral to outperform. According to the company, the distribution deal with Pepsi is working well and has excellent long-term potential.

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Norwegian Cruise Line Holdings

As a result of Norwegian reporting a larger-than-anticipated loss for the fourth quarter, the cruise line's shares dropped more than 5% in premarket trade on Tuesday. On adjusted basis, the company lost $1.04 per share on $1.52 billion in sales. On $1.50 billion in revenue, the analysts polled by FactSet's StreetAccount projected a loss of 86 cents per share. Moreover, Norwegian's 2023 earnings forecast fell short of forecasts.

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Zoom Video

Following a top- and bottom-line beat for the fourth quarter, the video communications business rose 6.9% in the premarket. Although the full-year sales forecast was lower than anticipated, the forecast for earnings was higher.

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Dick’s Sporting Goods

After Citi lowered the athletic goods retailer's rating from buy to neutral, shares fell 2.6%. The Wall Street company predicted that near-term gross margin pressure would persist.

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Workday

After its revenue guidance for the first quarter came in lower than anticipated, the human resources software dropped 2.4%.Trade Algo reported that company outperformed forecasts for revenue and earnings in the fourth quarter.

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Hims & Hers Health

As Hims & Hers Health released quarterly earnings that beat forecasts on both the top and bottom lines, the price of telehealth stock increased by more than 9%. A loss of 5 cents per share was reported by the company on sales of $167.2 million. According to Refinitiv, it beat average forecasts of a loss of 7 cents per share on revenue of $161.2 million.

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Advance Auto Parts

After reporting fourth-quarter EPS of $2.88, exceeding a StreetAccount forecast of $2.41, the manufacturer of automotive aftermarket parts saw a 4.4% increase in shares. Sales exceeded projections as well.