Check out the companies making headlines before the bell. DraftKings — Shares fell about 17% after the sports betting operator’s 2026 revenue forecasts were disappointing. In the fourth quarter, DraftKings earned 25 cents per share on revenue of $1.99 billion. This beat LSEG’s expectations for earnings of 15 cents a share and revenue of $1.98 billion. However, the company expects sales to be between $6.5 billion and $6.9 billion this year, well below the consensus estimate of $7.31 billion. Roku — The stock rose 15% after Rosenblatt raised its price target on the TV streaming platform from $106 to $118, implying a 42% upside from Thursday’s closing price. Rivian Automotive — The electric truck maker soared 20%. The company said it expects deliveries to be in the range of 62,000 to 67,000 vehicles in 2026, an increase of 47% to 59% compared to 2025. Adjusted loss for the fourth quarter was 54 cents per share, narrower than the LSEG consensus of a loss of 68 cents per share. Sales were $1.29 billion, exceeding expectations of $1.26 billion. Applied Materials — The California-based semiconductor manufacturing equipment company soared 11% after explosive earnings results. Applied Materials reported adjusted earnings of $2.38 per share and revenue of $7.01 billion, compared to analyst estimates compiled by LSEG of $2.20 per share and revenue of $6.87 billion. Expedia Group — Even though Expedia reported better-than-expected fourth-quarter results, the online travel agency’s stock fell more than 6% after the company identified “emerging AI-powered platforms” as a potential risk in its earnings call. Expedia earned $3.78 per share on an adjusted basis on revenue of $3.55 billion. This beat analysts surveyed by LSEG’s forecast for earnings of $3.36 per share on sales of $3.42 billion. Steel and aluminum stocks — Stocks fell after the Financial Times reported that U.S. President Donald Trump would eliminate tariffs on the product. Last summer, the president imposed a trade tax of up to 50% on steel and aluminum imports, later extending it to products made from the metals. Steel Dynamics fell 5% and Cleveland Cliffs fell nearly 3%. Century Aluminum fell 10% and Alcoa fell 4%. Coinbase — The cryptocurrency company’s stock rose 5%. According to Coinbase, total trading volume in 2025 reached $5.2 trillion, an increase of 156% from the previous year. The company also reported that subscription and services revenue increased to $2.8 billion in 2025 from $2.3 billion a year earlier. That’s despite Coinbase’s fourth-quarter earnings falling below Street expectations. Wynn Resorts — The hotel and casino operator’s stock fell more than 6% following a disappointing fourth-quarter report. Wynn reported earnings of $1.17 per share, and analysts surveyed by FactSet expected earnings of $1.47 per share, but the company’s revenue of $1.87 billion slightly beat expectations. The company’s operating revenue declined in Las Vegas and Boston, but expanded in Macau. Pinterest — The social media company’s stock plummeted 20% in after-hours trading. Pinterest reported disappointing fourth-quarter results and gave a weak outlook for first-quarter revenue. Pinterest earned 67 cents per share in the previous quarter, excluding items, compared to analyst estimates compiled by LSEG of 69 cents per share. Fourth-quarter revenue was $1.32 billion, slightly below the LSEG consensus estimate of $1.33 billion. Dutch Bros. — The drive-thru coffee shop operator rose 14% after reporting fourth-quarter earnings excluding certain items of 17 cents a share, compared with the LSEG consensus estimate of 10 cents a share. The company also beat sales, posting $444 million for the three-month period, compared to analysts’ expectations of $425 million. — CNBC’s Sarah Min and Davis Giangiulio contributed reporting.
