Boeing, Adobe and Carvana fall premarket; Beyond Meat and Block rise

  • Stock Market News
Boeing, Adobe and Carvana fall premarket; Beyond Meat and Block rise
Credit: © Reuters.

By Peter Nurse -- Stocks in focus in premarket trade on Friday, February 24th. Please refresh for updates.

  • Boeing (NYSE: BA ) stock fell 2.5% after the FAA announced that the planemaker has temporarily halted deliveries of its 787 Dreamliner jets over a fuselage issue.

  • Beyond Meat (NASDAQ: BYND ) stock soared over 12% after the faux meat maker posted a smaller loss than expected in the fourth quarter while also beating revenue estimates.

  • Goldman Sachs (NYSE: GS ) stock fell 0.4% after the investment bank said it expects potential losses from legal proceedings to be up to $2.3 billion more than the reserves it had set aside for such matters as of last year.
  • Adobe (NASDAQ: ADBE ) stock fell 3.5% after Bloomberg reported that the U.S. Justice Department is preparing an antitrust lawsuit to block the software maker's $20B bid for cloud-based designer platform Figma.
  • Block (NYSE: SQ ) stock rose 6.4% after the payment company posted 40% growth in its gross profit in the fourth quarter, compared with the prior year.

  • Carvana (NYSE: CVNA ) stock fell 5.6% after the used car retailer reported a sharp rise in its net loss in the fourth quarter hurt by shrinking demand for pre-owned vehicles.

  • Warner Bros Discovery (NASDAQ: WBD ) stock fell 3.4% after the media and entertainment group reported a greater-than-expected quarterly loss due to one-off charges related to its merger.

  • Booking (NASDAQ: BKNG ) stock fell 0.2% after the online travel agency provided a muted forecast for the current year, despite beating expectations for the last quarter.

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