© Reuters. Kraft Heinz, Lyft And 3 Stocks To Watch Heading Into Wednesday
Benzinga – by Avi Kapoor, Benzinga Staff Writer.
With U.S. stock futures trading mixed this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
Wall Street expects The Kraft Heinz Company (NASDAQ: KHC) to report quarterly earnings at 77 cents per share on revenue of $6.99 billion before the opening bell, according to data from Benzinga Pro. Kraft Heinz shares rose 0.1% to $36.14 in after-hours trading.
Lyft, Inc. (NASDAQ: LYFT) reported fourth-quarter sales of $1.22 billion and gross bookings of $3.7 billion, up 17% year-over-year. The company’s CFO, Erin Brewer, said the adjusted EBITDA margin is projected to expand 50 basis points in 2024. Lyft shares jumped 15.9% to $14.06 in the after-hours trading session.
Analysts expect Cisco Systems, Inc. (NASDAQ: CSCO) to earn 84 cents per share on revenue of $12.71 billion for the latest quarter. The company will release earnings after the markets close. Cisco shares rose 0.1% to $49.70 in after-hours trading.
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Zillow Group Inc (NASDAQ: Z) (NASDAQ: ZG) posted upbeat results for its fourth quarter. The company said it sees first-quarter revenue in the range of $495 million to $510 million versus estimates of $500.67 million. Zillow shares gained 6.2% to $57.20 in the after-hours trading session.
Analysts expect Owens Corning (NYSE: OC) to report quarterly earnings at $2.86 per share on revenue of $2.25 billion before the opening bell. Owens Corning shares rose 0.4% to $147.65 in after-hours trading.
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