Market Insider | Biggest Moves Premarket: Stocks making the biggest moves in the premarket: Hasbro, Under Armour, Slack, Sprint & more

Peter Schacknow

Under Armour (UAA) – The athletic apparel maker reported an overall loss for the quarter, and warned of a negative sale impact from the coronavirus. The company also said it is assessing a possible 2020 restructuring.
AutoNation (AN) – The nation’s largest car retailer beat estimates on both the top and bottom lines for the fourth quarter, with results boosted by higher demand for pre-owned vehicles.
Hasbro (HAS) – The toymaker reported a quarterly profit of $1.24 per share, well above the consensus estimate of 91 cents a share. Sales fell short of Street forecasts, however, but Hasbro’s bottom line got a boost from toys related to Disney’s “Frozen 2” and “Star Wars” movies.
Hilton Worldwide (HLT) – The hotel operator earned $1.00 per share for the fourth quarter, 4 cents a share above estimates. Revenue also beat forecasts. Hilton’s 2020 earnings outlook was below analysts’ forecasts, however, and the company said the outlook does not include possible coronavirus impact.
T-Mobile US (TMUS), Sprint (S) – The mobile service providers are expected to win the approval of a federal judge for their $26 billion merger deal today, according to sources. That would end an effort by state attorneys general to block the combination of the third- and fourth-largest wireless carriers.
Slack Technologies (WORK) – Slack said in a Securities and Exchange Commission filing that IBM (IBM) had been the messaging platform’s largest customer for several years and had expanded its use of Slack over that time. The statement was issued in response to an earlier report that a new deal had been struck that made IBM Slack’s largest customer, which had sent the stock surging in the regular session Monday.
Callaway Golf (ELY) – Callaway lost 26 cents per share for its fourth quarter, wider than the 23 cents a share loss that analysts were expecting. The golf club maker reported better-than-expected revenue but said the coronavirus will have a negative impact in terms of both sales in Asia and on supplies.
ViacomCBS (VIACA) – ViacomCBS unit CBS Sports has struck a deal with sports betting company William Hill, allowing William Hill to seek new customers among the CBS Sports audience. William Hill would seek to get CBS Sports users to download its app and deposit money in betting accounts.
XPO Logistics (XPO) – XPO beat estimates by 10 cents a share, with adjusted quarterly earnings of $1.12 per share. The transportation and delivery company’s revenue came fall below analysts’ forecasts, however. XPO also announced the appointment of a new chief financial officer.
Boston Beer (SAM) – Boston Beer was upgraded to “outperform” from “neutral” at Credit Suisse, which points to the company’s increasing involvement in the hard seltzer market. Credit Suisse also increased its price target on the beer brewer’s stock to $525 per share from $400.