Friday’s Premarket Moves: Beyond Meat, Block, Carvana, Adobe

2023-02-24 120

Beyond Meat ($BYND@US) surged 12 percent in premarket trading on Friday after the plant-based meat producer reported fourth-quarter losses that were smaller than expected. Block ($SQ@US) rose 6 percent after the mobile payment company reported better-than-expected revenue for the fourth quarter. Carvana ($CVNA@US) dropped 5.8 percent after the used-car retailer’s earnings per share in the fourth quarter were more than forecasted. Adobe ($ADBE@US) fell 3 percent after a Bloomberg report said the U.S. Justice Department plans to block the company’s $20 billion acquisition of startup Figma with a lawsuit.