Check out the companies making headlines before the bell rings. Unity Software: Shares fell 15% after the video game developer forecast adjusted EBITDA would be below analyst expectations for the current quarter. Analysts surveyed by FactSet expected $113 million in EBITDA, while Unity expects only $45 million to $50 million. Workday – Shares fell 5% after the enterprise software company released its fourth-quarter report. Workday's adjusted earnings were $1.57 per share, higher than the $1.47 expected by analysts surveyed by LSEG. Its revenue, however, was in line with consensus expectations of $1.92 billion. Zoom Video – Communications software stock rose 12% after a better-than-expected fiscal fourth-quarter report. Zoom reported adjusted earnings of $1.22 per share on $1.15 billion in revenue, while analysts surveyed by LSEG only expected earnings of $1.15 on revenue of $1.13 billion. CarGurus: Although CarGurus beat analyst expectations for its fourth-quarter earnings and revenue, the stock lost 13% after the online car sales platform issued weak guidance for its current quarter. CarGurus forecast earnings between 24 cents and 29 cents per share and revenue between $201 million and $221 million, while analysts surveyed by LSEG expected 31 cents per share on $236 million in revenue. Hims & Hers – Shares soared 19% after the telehealth company released strong outlook for the current quarter and beat analyst forecasts for its fourth-quarter earnings and revenue. The company reported earnings of 1 cent per share on $247 million in revenue, while analysts surveyed by LSEG predicted a loss of 2 cents on revenue of $246 million. Macy's: Shares of the department store giant lost 3% after the company posted quarterly revenue just below analyst estimates ($8.12 billion versus $8.15 billion expected, according to LSEG) and forecast another year of stagnant sales. The company also reported a 4.2% decline in same-store sales versus the 5.8% drop analysts expected. Lowe's: Shares of the home improvement retailer fell about 2% premarket despite posting better-than-expected earnings after the company reported a drop in sales during the fourth quarter and said it expects them to fall again during its current fiscal year. Lowe's revenue was $18.6 billion, while analysts expected $18.45 billion, according to LSEG. AutoZone: The auto retailer rose 3% after beating earnings and revenue expectations for its fiscal second quarter. AutoZone's earnings of $28.89 per share beat the $26.28 per share that analysts had anticipated, according to LSEG. The company's revenue of $3.85 billion was also higher than the $3.84 billion forecast. Cava: Shares rose 8% a day after the Mediterranean restaurant chain reported improved fourth-quarter earnings and revenue. Cava's revenue soared 52% from the year-ago quarter to $175.5 million, versus the $174.3 million expected by analysts surveyed by FactSet. Cava's full-year forecast EBITDA also beat estimates. Roku: Shares of the streaming device company fell 2.5% after a downgrade to underweight from equal weight by Wells Fargo. Roku's growth could be affected by Walmart's acquisition of Vizio, according to Wells Fargo. PPG Industries: Shares fell slightly after Barclays downgraded the paint and coatings maker to equal weight from overweight following PPG Industries' announcement that it will review strategic alternatives for the architectural coatings business in the U.S. and Canada. Barclays said the company revealed that the architecture business in North America “is performing much weaker than anticipated.” Viking Therapeutics – Shares soared more than 100% after the clinical-stage biotech company, working on anti-obesity drugs, announced it had met primary and secondary endpoints in its Phase 2 GLP-1 study . Specifically, their phase 2 VENTURE trial demonstrated that all patients receiving VK2735 treatment had a significant reduction in their body weight compared to the placebo group. The next step for Viking includes moving forward with the FDA to begin developing VK2735. —CNBC's Michelle Fox, Tanaya Macheel, Sarah Min and Jesse Pound contributed reporting.
