Cisco, Apple, Shopify, Twilio, Roku, and More Stock Market Movers

Cisco Systems

(ticker: CSCO) was rising 4.1% in premarket trading after the networking equipment provider posted solid fiscal second-quarter earnings and revenue and sharply raised its outlook for the fiscal year.

Shopify

(SHOP) declined 10% after the e-commerce software company issued softer-than-expected guidance for the first quarter.

Twilio

(TWLO) gained 14.8% after reporting a narrower-than-expected loss in the fourth quarter and revenue that topped estimates. The board of the text app developer platform also authorized the company to buy back $1 billion of stock.

Boston Beer

(SAM) slumped 11.3% after the brewer of Samuel Adams posted a surprise loss in the fourth quarter.

Boston Beer

said it expects earnings in 2023 of between $6 and $10 a share, below analysts’ expectations of $10.94.

Shares of

Roku

(ROKU) rose 11% after the streaming platform company posted a narrower-than-expected fourth-quarter loss and revenue that beat analysts’ estimates.

Roku

added a higher-than-expected 4.6 million new active accounts in the quarter.

Apple (AAPL) dipped in premarket trading following a report from The Wall Street Journal that said the Justice Department has in recent months escalated its work on drafting a potential antitrust complaint against the iPhone maker. A report from Bloomberg, meanwhile, said Apple has pushed back the unveiling of its mixed-reality headset to June from April.

Community Health Systems (CYH) reported fourth-quarter adjusted earnings that beat Wall Street estimates and the stock was surging nearly 21% in premarket trading.

Zillow (Z) rose 5.3% after the real-estate services company reported fourth-quarter earnings that beat estimates.

Datadog

(DDOG),

Hasbro

(HAS), and

Paramount Global

(PARA) are scheduled to report earnings before the opening bell Thursday. 

Write to Joe Woelfel at [email protected]