Check out the companies making headlines before the bell. Carvana – Shares rose more than 5% after RBC upgraded the stock to Sector Perform from Underperform. The company indicated reasonable evaluation and appropriate preparation to accelerate the unit. MongoDB – Shares fell more than 8% after the company issued disappointing guidance for the first quarter and full year on Thursday. Meanwhile, MongoDB beat Q4 expectations. The database software maker reported adjusted earnings of 86 cents per share on revenue of $458 million. Analysts had expected earnings of 47 cents per share and revenue of $433 million, according to LSEG. DocuSign – Stock rose 8.4% after the company beat expectations and provided positive guidance for the first quarter. DocuSign reported fourth-quarter adjusted earnings of 76 cents per share on revenue of $712 million for the period. According to analysts surveyed by LSEG, Wall Street expected earnings of 64 cents per share on revenue of $699 million. Li Auto – U.S.-traded shares of the Chinese electric vehicle maker rose 1.7% after Deutsche Bank initiated coverage with a buy rating on the stock and called it a top pick. Deutsche said Li Auto's market position could be a catalyst for the stock. The Gap – The apparel retailer's stock jumped 8% after earnings came in well above Wall Street expectations for the latest quarter. Gap reported earnings per share of 49 cents on revenue of $4.3 billion, while analysts expected earnings of 23 cents per share on revenue of $4.22 billion, according to LSEG. The company's Old Navy brand is back in growth for the first time in more than a year. UBS – U.S.-listed shares of the Swiss bank rose more than 4% after Morgan Stanley upgraded the stock to overweight from equal weight. Morgan Stanley said a rise in investment banking activity could boost UBS. Marvell Technology – Shares fell 6% after the company reported light guidance for first-quarter revenue of $1.15 billion. Meanwhile, analysts polled by LSEG expected $1.37 billion. The supplier of semiconductor products for data infrastructure also reported weaker-than-expected guidance for adjusted earnings in the first quarter. Broadcom – The semiconductor stock fell 1.6% after the company reported full-year revenue guidance that was in line with analysts' expectations. For its fiscal first quarter, Broadcom reported adjusted earnings of $10.99 per share, while analysts surveyed by LSEG expected $10.29 per share. Revenue was $11.96 billion, beating the consensus estimate of $11.72 billion, per LSEG. Textron – Shares rose 1.7% premarket after Bank of America upgraded to buy from neutral. Textron offered a strong revenue growth outlook and a strong balance sheet that supports buybacks, according to Bank of America. Samsara – Shares rose about 14% after the Internet of Things company reported strong quarterly results, issuing better-than-expected guidance for the first quarter and the full year. In the fourth quarter, Samsara said it earned 4 cents per share, excluding items. LSEG said revenue of $276 million beat expectations of $258 million. New York Community Bancorp – Shares of the regional bank rose 2% in premarket trading after credit ratings agency Moody's announced it had changed the direction of its ratings review. New York Commercial Bank's credit rating is now under review for an upgrade after securing $1 billion in financing this week. Eli Lilly – Shares fell 1% pre-market after the FDA delayed approving the drug donanemab to treat Alzheimer's disease. The drug was expected to receive approval this month, and is instead expected to undergo further review for its safety and effectiveness by an independent advisory committee. Costco – Shares sank 4% a day after the warehouse club reported a revenue loss in its fiscal second quarter. Revenue was $58.44 billion, compared to the $59.16 billion expected by analysts surveyed by LSEG. However, Costo's earnings per share beat estimates. — CNBC's Sarah Main, Michelle Fox and Jesse Pound contributed reporting.
