Check out the companies making the biggest moves in pre-market trading: Restaurant Brands — Shares rose 1.3% after Burger King’s parent company posted wins on top and bottom lines. Restaurant Brands reported fourth-quarter earnings of 96 cents per share, beating expectations by 1 cent, according to LSEG. Revenue was $2.47 billion, beating the consensus estimate of $2.41. Anheuser-Busch InBev — The beer maker’s fourth-quarter profit beat expectations and its stock rose 2.6%. The company reported underlying earnings of 95 cents per share, compared to the 90 cents expected by analysts surveyed by LSEG. Revenue was $15.56 billion, beating the consensus estimate of $14.95. Cisco Systems — The maker of networking hardware such as switches and routers fell about 7% after posting non-GAAP gross margin of 67.5%, below LSEG expectations of 68.1%. Otherwise, Cisco’s second-quarter results beat expectations for revenue and bottom line. The stock had already risen 11% this year. Viking Therapeutics — The biopharmaceutical company soared 16% after announcing plans to advance its oral obesity drug into Phase 3 development. Viking Therapeutics also reported a loss of $1.38 per share in the fourth quarter, compared to the 90 cent loss expected by analysts surveyed by FactSet. AppLovin — The mobile technology company fell 7% despite beating earnings and revenue expectations. AppLovin’s fourth-quarter earnings were $3.24 per share on revenue of $1.66 billion. Analyst estimates compiled by LSEG were for EPS of $2.93 and revenue of $1.6 billion. AppLovin is already down 32% this year. Fastly — Cloud computing stocks soared 44% following the results. The company had expected full-year sales of $700 million to $720 million, compared to analysts polled by LSEG who expected $668 million. In the fourth quarter, the company posted adjusted earnings of 12 cents per share on revenue of $172.6 million. Analysts had expected earnings of 6 cents a share and revenue of $161 million. Paycom Software — The payroll and human resources software provider fell 9% after reporting guidance for calendar year revenue in the range of $2.175 billion to $2.195 billion. This was well below the FactSet consensus estimate of $2.23 billion. ROLLINS — The pest control company fell 13% after a disappointing earnings report. Rollins’ GAAP earnings were 24 cents, below the consensus estimate of 26 cents, according to FactSet. Sales were $912.9 million, lower than expectations of $926.8 million. ALBEMARLE — The chemical maker fell 2% after reporting a fourth-quarter adjusted loss of 53 cents a share, which beat the 42 cents expected by analysts surveyed by FactSet. Meanwhile, revenue was $1.43 billion, beating expectations of $1.35 billion. Albemarle also announced plans to idle its Australian lithium plant and said it would now meet customer demand through other production channels Magnum Ice Cream — Shares fell nearly 14% after the company announced its first financial results since its spin-off from Unilever. The company reported that it will miss its fiscal 2025 revenue and earnings targets due to lower-than-expected sales growth. Equinix — Shares rose 9.5% after the digital infrastructure company released full-year guidance that beat Wall Street expectations. The company said it expects adjusted earnings before interest, taxes, depreciation and amortization to be in the range of $5.141 billion to $5.221 billion by the end of 2026, compared with analyst consensus estimates of $5.03 billion, according to FactSet. The company also expects revenue to be between $10.123 billion and $10.223 billion this year, beating the consensus estimate of $10.07 billion. Memory Storage Stocks — Memory storage stocks have added to their continued rally this year. Shares of SanDisk and Seagate Technology rose more than 6% and about 3%, respectively. Micron Technology and Western Digital each rose more than 3%. This move also comes after Cisco pointed out in its latest financial results that memory costs are rising, which could put pressure on future profits.
