Check out the companies making headlines before the bell. JetBlue Airways — JetBlue Airways stock price plummeted after activist investor Carl Icahn deemed the company’s stock undervalued and revealed he owns 10% of the company. It soared more than 15%. Arista Networks — The computer networking stock fell more than 7% even though the company beat expectations for the fourth quarter. Arista Networks said it expects first-quarter revenue to be in the range of $1.52 billion to $1.56 billion, compared to expectations of $1.53 billion. Many on Wall Street, including Goldman Sachs, expected the company to raise its full-year outlook. TripAdvisor — Shares rise nearly 12% after TripAdvisor established a special committee of independent directors to evaluate offers that could be put forward in a “potential transaction.” did. Coca-Cola — Shares were little changed after the beverage giant reported mixed results for the fourth quarter. The company posted adjusted earnings of 49 cents per share, in line with LSEG’s expectations. Sales were $10.85 billion, exceeding expectations of $10.68 billion. Hasbro — Shares fell 9% as the toy maker missed expectations in the fourth quarter. Hasbro earned 38 cents per share excluding items on sales of $1.29 billion, compared with analyst estimates compiled by LSEG of 66 cents per share and $1.36 billion, respectively. . The company also said it expects gross margins to be weak and full-year sales to decline related to sales of soft consumer products. Shopify — Shares fell more than 12% even though the e-commerce company posted strong fourth-quarter sales and bottom line results. Shopify reported adjusted earnings of 34 cents per share, beating the FactSet consensus estimate of 30 cents per share. Revenue of $2.14 billion exceeded the $2.08 billion expected by analysts polled by FactSet. Datadog — Software stocks fell more than 4% after announcing disappointing guidance. Datadog said it expects adjusted earnings per share to be in the range of 33 cents to 35 cents in the first quarter and in the range of $1.38 to $1.44 for the full year. Analysts surveyed by LSEG had expected per-share earnings of 39 cents and $1.83, respectively. Fourth-quarter sales exceeded Wall Street expectations. ZoomInfo Technologies — Market Intelligence shares soared 15% on strong revenue and a slightly better-than-expected first-quarter earnings per share outlook. ZoomInfo reported earnings per share excluding items of 26 cents on revenue of $316 million. That beat the EPS of 25 cents and revenue of $311 million expected by analysts surveyed by LSEG. Cadence Design Systems — Cadence Design Systems fell 8% after issuing a weak outlook for the first quarter. The company beat Wall Street expectations in the fourth quarter, but said it expects sales for the period to be in the range of $990 million to $1.01 billion. That fell short of the $1.09 billion that FactSet had predicted. Lattice Semiconductor — The semiconductor stock fell 7% after the company reported mixed fourth-quarter results and disappointing guidance. Although Lattice Semiconductor beat profit estimates, its sales of $171 million fell short of the $176 million expected by analysts surveyed by LSEG. The company had expected profit for the period to be in the range of $130 million to $150 million, compared to expectations of $174 million. Biogen — Biogen stock fell more than 4% after the company reported disappointing fourth-quarter results. The biotechnology company posted earnings of $2.95 per share, excluding items, on revenue of $2.39 billion, missing Wall Street expectations for both revenue and bottom line. Restaurant Brands International – The fast-food operator’s stock reported strong fourth-quarter results, supported by increased sales for its Tim Hortons, Burger King, and Popeyes brands. LSEG said adjusted earnings per share were 75 cents on sales of $1.82 billion, beating analysts’ expectations of 73 cents per share on sales of $1.81 billion. Shares were unchanged in pre-market trading. Children’s Place — The children’s clothing retailer fell 12% after BTIG downgraded the stock from a neutral rating to a sell, citing very unfavorable risk/reward results. The company adjusted its price target to reflect the downside of more than 75%. The company recently said it is working with advisers on new financing options. Molson Coors Beverage — Shares rose nearly 3% after the beer maker reported higher fourth-quarter profits. Adjusted earnings per share came to $1.19, beating analysts’ estimates of $1.12 compiled by FactSet. Revenue also slightly exceeded expectations at $2.79 billion, compared to the consensus estimate of $2.78 billion. — CNBC’s Tanaya Machel, Ha-Kyung Kim, Alex Harring, Fred Imbert, Sarah Min and Michelle Fox contributed reporting.
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