Check out the companies making headlines before the bell. GoDaddy — Shares dropped 9% after the company forecasted annual revenue below estimates, citing slow AI-related adoption. GoDaddy said it expects its revenue to come in between $5.195 billion and $5.275 billion this year, falling short of analysts’ consensus estimate of $5.28 billion, according to FactSet. Lowe’s — The home improvement retailer’s shares tumbled about 3% after it issued lower-than-expected forward guidance for its bottom line through January 2027. The company forecasted earnings in the range of $12.25 – $12.75 per share excluding some items for the period, falling below analysts’ consensus estimate of $12.90, per FactSet. However, Lowe’s beat on its adjusted earnings and revenue for the fourth quarter of last year. “While the housing macro remains pressured, we are focused on directing what is within our control, which includes our ongoing productivity initiatives,” Lowe’s said Wednesday in a statement. First Solar — Shares of the solar technology company slid 17% on the back of weak fourth-quarter earnings results and full-year guidance. First Solar earned $4.84 per share for the quarter, while analysts polled by LSEG expected $5.15 per share. Revenue came out at $1.68 billion, beating analysts’ consensus expectation of $1.56 billion, however. For the full year, First Solar guided revenue to come out between $4.9 billion and $5.2 billion, significantly lower than the $6.12 billion expected. Cava Group — Shares of the Mediterranean restaurant chain jumped 11% after its fourth-quarter results and its fiscal 2026 outlook topped estimates. Cava earned 4 cents a share on revenue of $275 million, while analysts surveyed by LSEG anticipated earnings of 3 cents per share on revenue of $268 million. The company also reported full-year revenue of more than $1 billion for the first time. Looking ahead, Cava expects sales at restaurants open at least a year will rise between 3% and 5% in 2026. Workday — Workday shares dropped about 10% after the AI-powered workplace platform said it sees first-quarter subscription revenues coming out at $2.34 billion, just lower than analysts’ forecast of $2.35 billion, per LSEG. The company also gave disappointing non-GAAP operating margin estimates for its first quarter.% after its fourth-quarter results and its fiscal 2026 outlook topped estimates. Cava earned 4 cents a share on revenue of $275 million, while analysts surveyed by LSEG anticipated earnings of 3 cents per share on revenue of $268 million. The company also reported full-year revenue of more than $1 billion for the first time. Looking ahead, Cava expects sales at restaurants open at least a year will rise between 3% and 5% in 2026. Axon Enterprise — The maker of the Taser electroshock weapon surged 16%. Axon says that it sees 2026 revenue growth ranging from 27% to 30% on a year-over-year basis, while analysts called for an increase of 25.8%, per LSEG. Fourth-quarter adjusted earnings of $2.15 per share and revenue of $797 million surpassed estimates of $1.60 per share and $755 million. Marqeta – The credit card service company saw shares fall 10%. Marqeta’s forecast for full-year revenue growth underwhelmed Wall Street, as the company called for a 12% to 14% increase on a year over year basis. The FactSet consensus estimate anticipated growth of 17.6%. MercadoLibre — Shares of the Uruguay-based e-commerce company fell 5%%. MercadoLibre’s fourth-quarter earnings came out below analysts’ forecast, but its net revenues of $8.76 billion exceeded the $8.47 billion estimate, according to FactSet. Lucid Group — Shares of the electric vehicle maker declined 4%. In the fourth quarter, Lucid posted a wider-than-expected loss of $3.62 per share, despite revenue growth that topped estimates. Lucid also recently cut its U.S. workforce by 12%. Par Pacific Holdings — The Houston-based energy company tumbled more than 10% after Par Pacific posted fourth-quarter earnings of $1.17 per share, on an adjusted basis. That missed the FactSet consensus estimate of $1.27 per-share earnings. On the other hand, revenue topped expectations. Everus Construction Group — The construction services provider rallied 12% after posting fourth-quarter results that blew away expectations. Everus posted earnings of $1.08 per share on revenues of $1.01 billion. That topped analysts’ expectations of 77 cents earnings per share and $879.6 million in revenue, according to FactSet. HP Inc. — The personal computer firm saw shares falling more than 5% in premarket after the company tempered expectations for its annual results amid rising memory-chip costs. HP said it now expects its fiscal-year results to be closer to the low end of its prior guidance range, HP’s earnings and revenue for the latest quarter exceeded Wall Street estimates, however. International Business Machines — Shares ticked up nearly 2% after UBS upgraded IBM to neutral from sell, citing the stock’s more balanced risk-reward profile in spite of disruption risks posed by artificial intelligence. “The competitive risk to IBM’s Z vertically integrated platform is largely reflected in the shares with the stock trading at a 7% FCF yield,” UBS analysts said in a note to clients. “We do not expect mainframe disintermediation over the next several years given strong customer stickiness, customer data sovereignty and complex vertically integrated stack that provides quantum-safe encryption.” Diageo — The British spirits company fell more than 9% after it delivered a profit miss in its earnings report and gave lackluster guidance. Diageo blamed softer demand in North America and China for its disappointing results, and said further weakness in the U.S. will drive its organic sales to fall by 2% to 3% in 2026. Circle — Shares popped 18% after the stablecoin issuer’s fourth-quarter results beat the Street’s expectations, largely due to strong dollar-pegged token adoption. The company reported $167 million in EBITDA on revenue of $770 million for the last quarter of 2025, topping FactSet consensus estimates of $130.8 million and $747.9 million, respectively. Circle also highlighted that $75.3 billion worth of USDC tokens were in circulation by the end of last year, representing a 72% increase from the previous year. — CNBC’s Pia Singh, Sarah Min, Yun Li and Davis Giangiulio contributed reporting.
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