Check out which companies are making the biggest moves in pre-market trading. BEYOND MEAT — Shares rose 59% a day after the plant-based meat company beat fourth-quarter revenue estimates and said it would “sharply reduce” costs this year. Revenue was $73.7 million, versus the $66.7 million expected by analysts surveyed by LSEG, formerly known as Refinitiv. Bumble — Shares fell nearly 12% after the dating app company on Tuesday announced plans to lay off about 350 employees and provided a disappointing revenue forecast as part of its fourth-quarter earnings. Bumble reported revenue of $273.6 million in the latest quarter, up from $241.6 million in the same period last year, and lost 19 cents per share, compared with a loss of 35 cents per share in the same quarter last year. Bumble has also made plans to revamp its app in a bid to attract more users. Advanced Auto Parts – Shares rose 7% after the auto parts retailer provided upbeat full-year guidance. AAP is guided by 2024 earnings per share of $3.75 to $4.25, beating the $3.65 expected from analysts surveyed by FactSet. Fourth-quarter revenues matched estimates, while profits fell short of expectations. eBay – The online marketplace advanced 5% a day after it beat fourth-quarter earnings and revenue estimates. Guidance for first-quarter earnings per share also exceeded expectations. In addition, eBay announced a dividend increase and authorized another $2 billion stock buyback. Baidu – Shares of the U.S.-listed Chinese internet company fell 2% after fourth-quarter adjusted earnings before interest, taxes, depreciation and amortization fell short of analyst estimates and revenue beat expectations, according to FactSet's StreetAccount. First Solar – Shares rose nearly 7% one day after reporting high Q4 earnings. Earnings per share were $3.25 versus the consensus estimate of $3.13, according to LSEG. First Solar's full-year guidance is in line with expectations. Lemonade – The stock fell 15.5% a day after the insurer provided disappointing guidance for the first quarter and full year. While fourth-quarter adjusted EBITDA and revenue beat expectations, Lemonade guided with first-quarter revenue between $111 million and $113 million, below the $119.8 million estimated by analysts polled by FactSet. Full-year revenue guidance of $505 million to $510 million was below the consensus estimate of $520.9 million. Revolve Group – Shares added 3% after the online fashion retailer's fourth-quarter earnings and revenue beat analysts' estimates. Revolve reported adjusted EBITDA of $8.5 million on revenue of $257.8 million, higher than the EBITDA of $3.4 million on revenue of $246.2 million that analysts had expected, according to FactSet. Applied Materials – The stock fell 2% after the chipmaker revealed it had received subpoenas from the U.S. Securities and Exchange Commission and the U.S. Attorney's Office in connection with shipments to China customers. Applied Materials said it is cooperating fully. Viatris – The pharmaceutical company fell 2% after reporting disappointing fourth-quarter revenue. Viatris' revenue of $3.83 billion is below the $3.89 billion expected from analysts surveyed by FactSet. Adjusted net income also came in below estimates. AMBARELLA — The semiconductor company's stock rose nearly 9% after reporting a smaller-than-expected loss of 24 cents per share in the latest quarter and revenue that matched analysts' estimates. Revenue guidance for the first quarter was roughly in line with Wall Street estimates. TJX Companies – Shares rose 2% after TJ Maxx and Marshalls parent company reported stronger-than-expected quarterly revenue. Fourth-quarter revenue of $16.41 billion exceeded the $16.20 billion estimated by analysts surveyed by FactSet, while earnings per share of $1.12 met estimates. TJX said same-store sales rose 5% in the fourth quarter, above its own estimates, and “driven entirely by increased customer transactions.” Urban Outfitters — Shares fell nearly 10% a day after the clothing retailer's fourth-quarter earnings and revenue beat estimates. Earnings per share were 69 cents versus the consensus estimate of 74 cents, according to FactSet. Revenue of $1.49 billion was less than the $1.5 billion expected. Cryptocurrency Stocks – Cryptocurrency-related stocks jumped as Bitcoin rose above $60,000. Coinbase rose 6% and CleanSpark rose 8%. Microstrategy, which bought another 3,000 bitcoins on Monday, jumped 9%. – CNBC's Sarah Main, Lisa Hahn, Jessie Pound, Pia Singh and Samantha Subin contributed reporting.
