Check out the companies making headlines in pre-market trading. UnitedHealth Group — Shares of UnitedHealth Group fell more than 3% after the company’s fourth-quarter revenue fell short of Wall Street expectations. UnitedHealth reported revenue of $100.81 billion, while analysts polled by LSEG expected $101.76 billion. However, earnings beat Wall Street expectations. Morgan Stanley – The bank’s shares rose 1% after its fourth-quarter results beat Wall Street expectations, with its investment banking business growing 29% for the quarter. Morgan Stanley reported earnings of $2.22 per share on revenue of $16.22 billion, while analysts polled by LSEG forecast earnings of $1.70 per share on revenue of $15.03 billion. Target – Shares were flat after the retailer raised its fourth-quarter sales guidance. Target expects comparable store sales to rise 1.5% in the fourth quarter, compared with its previous forecast of roughly flat sales. Southwest Airlines — Shares of the airline fell 2% after Citi cut its rating to sell from neutral. The bank said Southwest’s earnings quality and free cash flow conversion have deteriorated compared with before the pandemic. Taiwan Semiconductor Manufacturing — Shares rose 4% after the chipmaker issued higher-than-expected revenue guidance for the quarter. The company now expects revenue between $25 billion and $25.8 billion, while analysts polled by FactSet expected revenue of $24.6 billion. US Bancorp — Shares of the Minneapolis-based bank fell 2.9% after reporting mixed fourth-quarter results. US Bancorp’s adjusted earnings per share were $1.07, 2 cents above analysts’ consensus estimate for LSEG. However, the net interest margin was 2.71%, slightly lower than the FactSet forecast of 2.72%. Bank of America — The bank reported fourth-quarter results that beat expectations. Earnings per share were 82 cents on revenue of $25.5 billion. Analysts polled by London Stock Exchange Group (LSEG) expected earnings of 77 cents per share on revenue of $25.19. Shares were flat. DuPont De Nemours — Shares of DuPont De Nemours were flat after the chemicals maker said it would no longer spin off its water unit and instead accelerate the separation of its electronics business. DuPont had previously planned to split into three public companies. Sezzle — The fintech stock surged 26% after the fintech company updated its guidance. Sezzle said it expects full-year revenue to exceed its previous forecast of 55% growth. —CNBC’s Michelle Fox, Jesse Pond, Pia Singh, Alex Harlin and Sean Conlon contributed reporting.
