On this episode of Stock Movers:
- PayPal (PYPL) shares fell as much as 19% after the payments company reported adjusted earnings per share for the fourth quarter that missed the average analyst estimate. The firm also said Chief Executive Officer Alex Chriss will be replaced by HP Inc. CEO Enrique Lores. The weak results and outlook were worse than the market’s already low expectations, according to Jefferies. And the timing of the CEO change was sooner than most were expecting, according to Evercore ISI.
- Palantir (PLTR) Technologies shares rise 12% in premarket trading on Tuesday after the data-analysis software company gave a revenue forecast that is much stronger than expected. Analysts are positive about the company’s sales growth and free cash flow, while Baird upgrades to outperform from neutral.
- Teradyne (TER) shares soar as much as 22% in premarket trading on Tuesday after the semiconductor manufacturing company forecast revenue for the first quarter that exceeded the average analyst estimate.
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