Pre-Open Stock Movers 02/03: (ZEV) (TMUS) (HUM) Higher; (FB) (SNAP) (SPOT) Lower (more...)

Pre-Open Stock Movers:

Meta Platforms (NASDAQ: FB) 23% LOWER; reported Q4 EPS of $3.67, $0.17 worse than the analyst estimate of $3.84. Revenue for the quarter came in at $33.67 billion versus the consensus estimate of $33.38 billion. Meta Platforms sees Q1 2022 revenue of $27-29 billion, versus the consensus of $30.1 billion.

Snap Inc. (NYSE: SNAP) 18% LOWER; falls on Facebook earnings, guidance.

Lightning eMotors (NYSE: ZEV) 16% HIGHER; reached an agreement with General Motors to be the first GM Specialty Vehicle Manufacturer (SVM) to provide fully electric Class 3 through Class 6 commercial vehicles.

Spotify (NYSE: SPOT) 12.8% LOWER; reported Q4 EPS of ($0.21), $0.18 better than the analyst estimate of ($0.39). Revenue for the quarter came in at $2.69 billion versus the consensus estimate of $2.65 billion.

The Trade Desk, Inc. (NASDQ: TTD) 9.2% LOWER; falls on Facebook earnings, guidance.

Pinterest, Inc. (NYSE: PINS) 9.2% LOWER; falls on Facebook earnings, guidance.

Twitter, Inc. (NYSE: TWTR) 7.9% LOWER; falls on Facebook earnings, guidance.

T-Mobile (NASDAQ: TMUS) 7.7% HIGHER; reported Q4 results, with EPS coming in at $0.34, better than the consensus estimate of $0.18. Revenue was $20.79 billion (vs. Street’s $21.09 billion), with Service revenues of $15.0 billion, up 6% year-over-year. The company reported postpaid net account additions of 315,000 in Q4 and 1.2 million in full 2021-year, postpaid net customer additions of 1.8 million in Q4 and 5.5 million in 2021, and postpaid phone net customer additions of 844,000 in Q4 and 2.9 million in 2021.

Humana (NYSE: HUM) 6.9% HIGHER; the CMS posted a notice on proposed rates for 2023. The CMS sees an expected average change in revenue of 7.98%.

MEI Pharma (NASDAQ: MEIP) 4.4% HIGHER; Jefferies initiates coverage with a Buy rating and a price target of $4.00.

Qualcomm (NASDAQ: QCOM) 2% LOWER; reported Q1 EPS of $3.23, $0.22 better than the analyst estimate of $3.01. Revenue for the quarter came in at $10.7 billion versus the consensus estimate of $10.41 billion. Qualcomm sees Q2 2022 EPS of $2.80-$3.00, versus the consensus of $2.49. Qualcomm sees Q2 2022 revenue of $10.2-11 billion, versus the consensus of $9.61 billion.

Centene Corporation (NYSE: CNC) 2.2% HIGHER; the CMS posted a notice on proposed rates for 2023. The CMS sees an expected average change in revenue of 7.98%.

Anthem (NYSE: ANTM) 1.8% HIGHER; the CMS posted a notice on proposed rates for 2023. The CMS sees an expected average change in revenue of 7.98%.

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