Morning Movers
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F.NY -5.78%
Ford Motor Co – Reported Q4 adjusted EPS of $0.26/shr, compared to analysts’ estimates of $0.45/shr, according to Refinitiv IBES data. Co reported revenue of $35.3 bln, compared to analysts’ expectations of $35.52 bln. Q4 net income rose to $12.3 bln, from a $2.8 bln loss a year ago. Ford raises 2022 operating profit forecast to as much as 25%, driven by North American demand and a strong vehicle pricing environment. However, co forecast slower recovery in 2022 vehicle production than rival General Motors Co.

SNAP.NY 44.33%
Snap Inc – Sharply higher after forecasting Q1 revenue between $1.03 bln and $1.08 bln, largely above est of $1.05 bln – Refinitiv. The company forecast Q1 daily active users between 328 mln and 330 mln, in line with Wall Street estimates of 329.1 mln. Analysts at Canaccord Genuity said its advertising business bounced back from effects of Apple Inc’s privacy changes faster than expected. SNAP reported strong Q4 results, with user growth coming in ahead of expectations thanks to continued international momentum and strong content engagement.

PINS.NY 10.81%
Pinterest Inc – Delivered its first annual net income on Thursday as strong advertising revenue drove its fourth-quarter results past Wall Street expectations and softened the blow from a shrinking user base. Pinterest’s monthly active users (MAUs) also declined, dropping 6% to the lowest since June 2020 as the pandemic-driven surge in demand cooled off. Pinterest’s MAUs – a key metric that shows engagement levels on the website – was 431 million for the quarter, missing estimates of 447.95 million, according to FactSet. Net income was $175 million, compared with $207.8 million a year earlier. Excluding items, it earned 49 cents per share, also higher than estimate of 45 cents.

TWTR.NY 5.95%
Twitter Inc – Also active, trading sharply higher premarket off the PINS, SNAP moves. TWTR reports earnings next Thursday Feb 10.

U.NY 13.57%
Unity Software – Another big mover premarket after earnings topped estimates, reported $1.1 billion in revenue in 2021, up 44% year-over-year and exceeding guidance; guides to a range of 34%-36% revenue growth in 2022. The world’s leading platform for creating and operating interactive, real-time 3D content, announced fourth quarter 2021 revenue of $315.9 million, which is up 43% from the same period in 2020″

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