Check out the companies that made headlines in pre-market trading. Tesla — Shares of the electric car maker fell more than 3% in premarket trading after Tesla cut prices of both the Model 3 and Model Y in China a day earlier. Tesla also said its Berlin manufacturing plant will face outages due to shipping rerouting traffic to prevent attacks in the Red Sea. Delta Air Lines — The airline’s stock fell nearly 5%. Delta reported fourth-quarter earnings of $1.28 per share, beating the consensus estimate of $1.17 per share for LSEG, formerly Refinitiv. Revenue of $13.52 billion was in line with estimates. Separately, the company announced a deal with Airbus to buy 20 A350-1000s, with deliveries expected to begin in 2026. JPMorgan Chase — The financial giant added nearly 2% after fourth-quarter sales beat expectations. However, JPMorgan Chase reported a 15% year-on-year drop in profit for the October to December period. Bank of America — Shares fell 1.6% after the bank reported fourth-quarter net income of $3.1 billion, down more than 50% from a year ago. Net interest income decreased 5% to $13.9 billion due to lower deposit balances and higher deposit costs. Still, it beats earnings expectations. Qualcomm — The semiconductor stock added 1.6% on Citi’s upgrade to buy from neutral. The bank also launched a positive catalyst watch and raised earnings estimates and the company’s price target, noting that better headset inventory could help margins and revenue. Wells Fargo — Shares fell 1.2% despite the company beating analysts’ estimates for fourth-quarter revenue. UnitedHealth – The health insurance giant fell more than 5% even after fourth-quarter earnings beat analysts’ estimates on both the top and bottom lines. The company saw an increase in healthcare costs during the quarter, with its healthcare loss ratio coming in at 85% in the quarter, versus the 84.1% estimate of analysts polled by FactSet. — CNBC’s Sarah Min, Alex Harring and Michelle Fox contributed reporting.
Stocks making the biggest premarket moves: Tesla, Delta, Qualcomm, Bank of America and more