Stocks making the biggest moves premarket: Beyond Meat, Sweetgreen, Adobe, Block and more

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Check out the companies making headlines before the bell:

Beyond Meat — Shares jumped 12% after Beyond Meat reported a smaller-than-expected loss in its fourth quarter, even with sales falling more than 20%. The meat-alternative company reported a loss per share of $1.05, lower than the expected $1.18, according to Refinitiv. It posted revenue of $79.9 million, more than the $75.7 million expected.

Block — Shares of the payments giant rose more than 6% in early morning trading after the company reported better-than-expected revenue for the fourth quarter and strong growth in gross profit.

Carvana — The used-car retailer sank 5.8% after posting a fourth-quarter loss of $7.61 per share, greater than the forecasted loss of $2.28 per share, according to consensus estimates from Refinitiv. Revenue came in at $2.84 billion, a 24% drop from the fourth quarter of 2021 and lower than analysts' expectations of $3.1 billion.

Sweetgreen — Shares of the salad chain shed about 10% after Sweetgreen issued weaker-than-expected revenue guidance for the first quarter and full year, according to Refinitiv. Fourth-quarter revenue also fell short. Higher menu prices and fewer transactions hurt the firm, as did romaine, arugula and tomato shortages.

Adobe — Shares fell more than 3% after a Bloomberg report, citing an unnamed source, said the U.S. Justice Department is planning to block the company's $20 billion acquisition of startup Figma in a lawsuit.

MercadoLibre — MercadoLibre jumped 5% after the South American e-commerce firm reported fourth-quarter earnings of $3.25 per share on revenue of $3 billion. Analysts surveyed by FactSet were anticipating earnings of $2.42 per share and revenue of $2.96 billion.

Boeing — Shares