Wednesday's 10 Premarket Winners and Losers Include Devon Energy, Upstart and ViacomCBS

ViacomCBS Inc. (NASDAQ: VIAC) traded down by about 11%, at $32.00 in a 52-week range of $28.29 to $101.97. The company missed earnings estimates when it reported quarterly results late Tuesday, but it did manage to beat revenue estimates by more than 6%. Subscriber numbers rose, but spending on content and marketing rose even faster, depressing operating income. The company will soon change its name to Paramount.

Akamai Technologies Inc. (NASDAQ: AKAM) traded down by about 5.1%, at $105.35 in a 52-week range of $92.64 to $120.67. The cloud technology company beat top-line and bottom-line estimates but issued downside guidance for the current quarter. Akamai also announced a $900 million acquisition of infrastructure-as-a-service provider Linode.

CF Industries Inc. (NYSE: CF) traded down about 4.5%, at $69.00 in a 52-week range of $42.85 to $77.24. The fertilizer maker missed earnings estimate when it reported fourth-quarter results. Sales volume was also lower year over year due to maintenance, higher costs and lower production at its U.K. plants.

Wynn Resorts Ltd. (NASDAQ: WYNN) traded down by about 2.3%, at $94.07 in a 52-week range of $76.03 to $143.88. The casino operator posted a larger than expected quarterly loss when it reported results late Wednesday. Operating revenue was up in Las Vegas but down in Macau.

Discovery Inc. (NASDAQ: DISCA) traded down about 2.1%. at $29.87 in a 52-week range of $21.66 to $78.14. The media and entertainment company had no specific news.

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.