Investing.com — US stock futures edged lower Friday, consolidating after the previous session’s gains to record highs as the earrings season continues.
Here are some of the biggest premarket US stock movers today:
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Verizon (NYSE:) stock fell 0.4% after the telecom major forecast annual free cash flow and profit below expectations, as it spends heavily to expand high-speed internet services and attract customers in a saturating wireless market.
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Boeing (NYSE:) stock fell 1.2% after the aircraft manufacturer said it will post a bigger-than-anticipated loss of around $4 billion in its most recent quarter, as it grappled with a prolonged strike, charges related to US government projects and expenses linked to a slew of job cuts.
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American Express (NYSE:) stock fell 0.3% despite the financial giant reporting a 12% jump in fourth-quarter profit, as more consumers swiped cards during the holiday season for travel and online shopping.
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Novo Nordisk (NYSE:) stock soared 13% after the Danish drugmaker said subcutaneous trials of its highly-anticipated experimental medicine amycretin showed patients using the treatment shed as much as an estimated 22% of their body weight.
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Tesla (NASDAQ:) stock rose 0.9% after deliveries of a revamped version of the EV manufacturer’s Model Y SUV in the US in March will start around $60,000, according to new listings on the company’s website.
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Texas Instruments (NASDAQ:) dropped 4.2% after the analog chipmaker forecast first-quarter profit below estimates, as it grapples with an inventory buildup in its key automotive and industrial markets.
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Affirm Holdings (NASDAQ:) stock rose 4.2% after the WSJ reported that the fintech company has secured a $750 million funding commitment from Liberty Mutual’s asset-management unit, bolstering its consumer-lending operations.
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Twilio (NYSE:) stock soared 16% after the cloud communications software maker announced that it expects adjusted earnings to come in at the top range of guidance for the fourth quarter and unveiled positive guidance for the next couple of years through 2027.
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CSX (NASDAQ:) stock fell 3.7% after the transportation giant’s fourth quarter was hit by a sharp decline in coal and fuel surcharge revenue as well as a pair of hurricanes affecting traffic bound to and from Florida.
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