Check out the companies making headlines before the bell. GoDaddy — Shares fell 9% as the company expected lower-than-expected annual revenue due to slower AI-related adoption. GoDaddy said it expects revenue to be between $5.195 billion and $5.275 billion this year, below analysts’ consensus estimate of $5.28 billion, according to FactSet. Lowe’s — Shares of the home improvement retailer fell about 3% after the company announced lower-than-expected future outlook for the current fiscal year. The company expects earnings for the current fiscal year to be in the range of $12.25 to $12.75 per share, excluding certain items, below analysts’ consensus estimate of $12.90, according to FactSet. “While housing macros remain under pressure, we are focused on responding within our control, including continued productivity efforts,” Lowe’s said in a statement Wednesday. Whirlpool — The consumer electronics maker’s stock rose slightly after hedge fund manager David Tepper sent a letter to Whirlpool’s board of directors, accusing it of destroying shareholder value and calling for fundamental changes at the company. Shares soared 14% on Tuesday as the company announced details of its stock offering. Appaloosa Management’s founder said the cost of raising capital was too high. First Solar — Shares of the solar power technology company fell 17% on the back of weak fourth-quarter results and full-year guidance. First Solar earned $4.84 per share in the quarter, compared to analyst estimates compiled by LSEG of $5.15 per share. However, sales came in at $1.68 billion, beating analysts’ consensus estimates of $1.56 billion. First Solar expected full-year sales of between $4.9 billion and $5.2 billion, significantly lower than the $6.12 billion expected. Cava Group — Shares of the Mediterranean restaurant chain rose 11% after fourth-quarter results and 2026 guidance beat expectations. Cava had revenue of $275 million and 4 cents per share, compared with the expectations of analysts surveyed by LSEG for revenue of $268 million and 3 cents per share. The company also reported full-year sales of more than $1 billion for the first time. Looking ahead, Cava expects sales for restaurants open at least a year to increase by 3% to 5% in 2026. Workday — Shares of Workday fell about 10% after the AI-powered workplace platform said it expects first-quarter subscription revenue of $2.34 billion (slightly below the $2.35 billion expected by analysts, according to LSEG). The company also issued a disappointing first-quarter non-GAAP operating margin estimate after its fourth-quarter results and fiscal year 2026 outlook were better than expected. %. Cava had revenue of $275 million and 4 cents per share, compared with the expectations of analysts surveyed by LSEG for revenue of $268 million and 3 cents per share. The company also reported full-year sales of more than $1 billion for the first time. Looking to the future, Cava expects sales for restaurants open at least a year to increase by 3% to 5% in 2026. Axon Enterprises – maker of electric shock weapon Taser guns soared 16%. LSEG said Axon expects sales to increase 27% to 30% year over year in 2026, while analysts expect a 25.8% increase. Fourth-quarter adjusted earnings were $2.15 per share on revenue of $797 million, beating estimates of $1.60 per share and $755 million. Marqeta – The credit card services company’s stock price fell by 10%. Marketa’s full-year sales growth forecast missed Wall Street’s expectations, with the company calling for 12% to 14% year-over-year growth. FactSet consensus is for 17.6% growth. MercadoLibre — Uruguay-based e-commerce company’s stock price fell 5%%. MercadoLibre’s fourth-quarter profit was lower than analysts expected, but net sales of $8.76 billion exceeded expectations of $8.47 billion, according to FactSet. Lucid Group — The electric car maker’s stock fell 4%. In the fourth quarter, Lucid posted a better-than-expected loss of $3.62 per share, despite higher-than-expected sales. Lucid recently cut its U.S. workforce by 12%. Par Pacific Holdings — The Houston-based energy company fell more than 10% after Par Pacific posted adjusted fourth-quarter profit of $1.17 per share. This was below the FactSet consensus estimate for earnings of $1.27 per share. On the other hand, sales exceeded expectations. Everus Construction Group — The construction services provider rose 12% after reporting fourth-quarter earnings that beat expectations. Everus posted earnings of $1.08 per share on revenue of $1.01 billion. That beat analysts’ estimates for earnings of 77 cents a share and revenue of $879.6 million, according to FactSet. HP Inc. — Its stock price fell more than 5% premarket as the personal computer company tempered expectations for full-year results after rising costs for memory chips. HP said it expects its fiscal year results to be near the lower end of its previous guidance range, but that HP’s earnings and sales in the latest quarter exceeded Wall Street expectations. International Business Machines — The stock rose nearly 2% after UBS upgraded IBM from sell to neutral, citing the stock’s more balanced risk-reward profile despite the disruption risks posed by artificial intelligence. “The competitive risk to IBM’s Z vertical integration platform is largely reflected in the stock trading at a 7% FCF yield,” UBS analysts said in a note to clients. “Given the complex vertically integrated stack that offers strong customer stickiness, customer data sovereignty, and quantum-secure encryption, we do not expect mainframe disintermediation in the coming years.” Diageo — The British spirits company fell more than 9% after missing out on profits and providing lackluster guidance in its earnings report. Diageo blamed weak demand in North America and China for the disappointing results, and said organic sales would fall by 2% to 3% in 2026 due to further weakness in the United States. Circle — Shares soared 18% after the stablecoin issuer reported fourth-quarter results that beat Street expectations, largely due to strong adoption of dollar-pegged tokens. The company reported EBITDA of $167 million and revenue of $770 million for the final quarter of 2025, beating FactSet consensus estimates of $130.8 million and $747.9 million, respectively. Circle also highlighted that by the end of last year, $75.3 billion worth of USDC tokens were in circulation, an increase of 72% year-on-year. —CNBC’s Pia Singh, Sarah Min, Yun Li and Davis Giangiulio contributed reporting.
