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GE Vernova Soars on Dividend Hike; Others See Mixed Moves
10 Dec
Summary
- GE Vernova's stock jumped 8% on positive 2025 revenue outlook.
- AeroVironment shares slid over 4% after missing earnings expectations.
- Cracker Barrel's stock dropped 8% on lower-than-expected revenue.
Pre-bell trading saw significant movement, with GE Vernova emerging as a top performer. The energy giant's shares surged 8% following guidance that its 2025 revenue is expected to reach the higher end of projections. Adding to the positive sentiment, the company announced a doubling of its quarterly dividend to 50 cents per share.
Conversely, several companies experienced stock declines. Drone maker AeroVironment slid over 4% after its fiscal second-quarter earnings fell short of LSEG estimates. Restaurant chain Cracker Barrel Old Country Store saw an 8% drop in its stock price, as first-quarter revenue missed analyst expectations. Video game retailer GameStop also faced a 6% decrease after its third-quarter earnings report showed revenue below expectations.
Other notable movers included Blue Owl Capital, which gained 3% following an analyst upgrade, and EchoStar, whose satellite communications stock rose more than 5% after Morgan Stanley upgraded its rating. These movements highlight varying investor confidence across different sectors ahead of the market open.
