Stocks making the biggest moves premarket: First Solar, GoDaddy, Lowe's, Workday, Cava and more
Check out the companies making headlines before the bell. GoDaddy — Shares dropped 9% after the company forecasted annual revenue below estimates, citing slow AI-related adoption. GoDaddy said it expects its revenue to come in between $5.195 billion and $5.275 billion this year, falling short of analysts’ consensus estimate of $5.28 billion, according to FactSet. Lowe’s — The home improvement retailer’s shares tumbled about 3% after it issued lower-than-expected forward guidance for its bottom line through January 2027. The company forecasted earnings in the range of $12.25 – $12.75 per share excluding some items for the period, falling below analysts’ consensus estimate of $12.90, per FactSet. However, Lowe’s beat on its adjusted earnings and revenue for the fourth quarter of last year. “While the housing macro remains pressured, we are focused on directing what is within our control, which includes our ongoing productivity initiatives,” Lowe’s said Wednesday in a statement. First Solar — Shares of the solar technology company slid 17% on the back of weak fourth-quarter earnings results and full-year guidance. First Solar earned $4.84 per share for the quarter, while analysts polled by LSEG expected $5.15 per share. Revenue came out at $1.68 billion, beating analysts’ consensus expectation of $1.56 billion, however. For the full year, First Solar guided revenue to come out between $4.9 billion and $5.2 billion, significantly lower than the $6.12 billion expected. Cava Group — Shares of the Mediterranean restaurant chain jumped 11% after its fourth-quarter results and its fiscal 2026 outlook topped estimates. Cava earned 4 cents a share on revenue of $275 million, while analysts surveyed by LSEG anticipated earnings of 3 cents per share on revenue of $268 million. The company also reported full-year revenue of more than $1 billion for the first time. Looking ahead, Cava expects sales at restaurants open at least a year will rise between 3% and 5% in 2026. Workday — Workday shares dropped about 10% after the AI-powered workplace platform said it sees first-quarter subscription revenues coming out at $2.34 billion, just lower than analysts’ forecast of $2.35 billion, per LSEG. The company also gave disappointing non-GAAP operating margin estimates for its first quarter.% after its fourth-quarter results and its fiscal 2026 outlook topped estimates. Cava earned 4 cents a share on revenue of $275 million, while analysts surveyed by LSEG anticipated earnings of 3 cents per share on revenue of $268 million. The company also reported full-year revenue of more than $1 billion for the first time. Looking ahead, Cava expects sales at restaurants open at least a year will rise between 3% and 5% in 2026. Axon Enterprise — The maker of the Taser electroshock weapon surged 16%. Axon says that it sees 2026 revenue growth ranging from 27% to 30% on a year-over-year basis, while analysts called for an increase of 25.8%, per LSEG. Fourth-quarter adjusted earnings of $2.15 per share and revenue of $797 million surpassed estimates of $1.60 per share and $755 million. Marqeta – The credit card service company saw shares fall 10%. Marqeta’s forecast for full-year revenue growth underwhelmed Wall Street, as the company called for a 12% to 14% increase on a year over year basis. The FactSet consensus estimate anticipated growth of 17.6%. MercadoLibre — Shares of the Uruguay-based e-commercecompany fell 5%%. MercadoLibre’s fourth-quarter earnings came out below analysts’ forecast, but its net revenues of $8.76 billion exceeded the $8.47 billion estimate, according to FactSet. Lucid Group — Shares of the electric vehicle maker declined 4%. In the fourth quarter, Lucid posted a wider-than-expected loss of $3.62 per share, despite revenue growth that topped estimates. Lucid also recently cut its U.S. workforce by 12%. — CNBC’s Pia Singh contributed reporting.
