Check out the companies that are trending in pre-market trading. UnitedHealth Group – Shares fell more than 3% after the company’s fourth-quarter earnings fell short of Wall Street expectations. UnitedHealth had revenue of $100.81 billion, compared to analysts surveyed by LSEG who expected revenue of $101.76 billion. But profits beat Street expectations. Morgan Stanley — The bank rose 1% after its fourth-quarter results beat Wall Street expectations and its investment banking unit rose 29% over the quarter. Morgan Stanley reported earnings of $2.22 per share and revenue of $16.22 billion, compared to analyst estimates compiled by LSEG of $1.70 per share and revenue of $15.03 billion. Targets — The retailer remained flat after the company raised its fourth-quarter sales outlook. Target expects same-store sales to rise 1.5% in the fourth quarter, compared with previous forecasts for the number to be about the same. Southwest — The company’s stock price fell 2% following Citi’s downgrade from neutral to sell. The bank said Southwest Airlines’ earnings quality and free cash flow conversion have deteriorated compared to pre-pandemic levels. Taiwan Semiconductor Manufacturing — The chipmaker rose 4% after reporting better-than-expected revenue guidance for the current quarter. The company currently expects revenue to be between $25 billion and $25.8 billion, compared with the $24.6 billion expected by analysts polled by FactSet. US Bancorp — The Minneapolis-based bank fell 2.9% after reporting mixed fourth-quarter results. US Bancorp’s adjusted earnings per share were $1.07, beating analysts’ LSEG consensus estimates by 2 cents. However, the net interest margin was 2.71%, slightly below FactSet’s estimate of 2.72%. Bank of America — The bank reported better-than-expected fourth-quarter results. Earnings were 82 cents per share on sales of $25.5 billion. Analysts polled by LSEG had expected earnings of 77 cents per share on revenue of $25.19. Stock prices were flat. DuPont De Nemours — Shares were flat after the chemical maker announced it would no longer separate its water division and instead accelerate the separation of its electronics business. DuPont previously had plans to split into three publicly traded companies. Sezzle — Fintech stocks soared 26% after the fintech company updated its guidance. Sezzle said he expects full-year sales to exceed previous expectations, which called for 55% growth. —CNBC’s Michelle Fox, Jesse Pound, Pia Singh, Alex Harring and Sean Conlon contributed reporting.
