Check out the companies making headlines before the bell. Taiwan Semiconductor Manufacturing Co. — Shares of the semiconductor foundry rose 3% after the company posted record monthly sales. The company said in a statement on Tuesday that sales in January soared to NT$401.3 billion, an increase of 37% year-on-year. Dupont De Nemours — Shares rose 2% after the company reported better-than-expected fourth-quarter profits. During the same period, DuPont’s adjusted earnings per share were 46 cents, beating the 43 cents expected by analysts surveyed by FactSet. Sales were $1.69 billion, in line with expectations. The company also reported improved full-year earnings and revenue guidance. CVS Health — Analysts surveyed by LSEG had expected sales of $409.77 billion, but the retail pharmacy chain’s stock price fell 3% after the company kept its 2026 revenue outlook unchanged at at least $400 billion. CVS also shared its full-year outlook for operating cash of at least $9 billion. This was below prior guidance of at least $10 billion and the FactSet consensus of $10.59 billion. However, the company’s fourth-quarter profit and sales exceeded analysts’ expectations, according to LSEG. FERRARI — The Italian luxury car maker’s U.S. shares rose more than 8% after the company announced higher fourth-quarter profits and sales. Ferrari also delivered full-year 2026 revenue and profit guidance in line with expectations, according to analysts surveyed by FactSet. Coca-Cola — The snack and beverage giant fell about 3% after reporting a fourth-quarter revenue miss and forecasting modest growth. Coca-Cola’s adjusted sales were $11.82 billion, lower than the $12.03 billion expected by analysts polled by LSEG. However, the company’s adjusted earnings were 58 cents per share, beating consensus estimates by 2 cents. For the full year, the company expects organic revenue growth to be 4% to 5% and comparable earnings per share growth to be 7% to 8%. ON Semiconductor — The semiconductor supplier fell nearly 5% as sales fell in its two biggest businesses. Fourth-quarter revenue was $1.53 billion, below LSEG’s consensus estimate of $1.54 billion. Meanwhile, adjusted earnings per share came to 64 cents, beating expectations of 62 cents per share. Upwork — Share of the online marketplace for freelancers fell 24% after the company announced 785,000 active clients at the end of 2025, down from 832,000 at the end of the previous year. Upwork also gave current quarter revenue guidance in the range of $192 million to $197 million, below LSEG’s consensus estimate of $201 million. The company’s adjusted profit outlook for the current quarter was also lower than expected. Chegg — The online tutoring company fell 5% after posting adjusted EBITDA of $12.9 million in the fourth quarter. This was down from approximately $37 million in the same period last year. Revenue was $72.7 million, down 49% from the same period last year. Credo Technology — Soared 17% after Credo announced before earnings that it was raising its fiscal 2026 third-quarter revenue guidance. The company expects revenue to be between $404 million and $408 million, well above its previous target of $335 million to $345 million. —CNBC’s Sean Conlon, Lisa Kai-Lai Hung, Michelle Fox and Davis Giangiulio contributed reporting.
