Stocks making the biggest moves premarket: Robinhood, Deere, Cisco Systems, AppLovin and more

by | Feb 13, 2025 | Financial

Check out the companies making headlines before the bell. Robinhood — The digital trading platform rallied 13% after reporting stronger-than-expected revenue for the fourth quarter. Robinhood posted $1.01 billion in the period, coming above the LSEG consensus estimate of $944.6 million. MGM Resorts — The resorts and casinos stock jumped nearly 10%. The company posted $4.35 billion in revenue for the fourth quarter Analysts polled by LSEG expected a top line of $4.27 billion. Reddit — Shares tumbled 8% after Reddit’s user numbers in the fourth quarter fell below analysts’ forecasts. Daily active unique visitors averaged 101.7 million, which marked a 39% year-over-year rise, but missed the StreetAccount consensus of 103.1 million. To be sure, Reddit posted a top- and bottom-line beat for the fourth quarter. AppLovin — The stock rallied 28% on the back of fourth-quarter results that beat analyst expectations. The software company reported earnings per share of $1.73 on revenue of $1.37 billion. Analysts polled by LSEG expected a profit of $1.24 per share on revenue of $1.26 billion. Cisco Systems — The networking technology company climbed more than 5% after reporting better-than-expected guidance and fiscal second quarter results. Cisco’s revenue grew 9% year-over-year in the prior quarter, which comes after four quarters of declines. The company’s earnings and revenue forecast for the 2025 fiscal yea …

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