Check out some of the biggest movers in the premarket:
Comcast (CMCSA) – The NBCUniversal and The Washington City Times parent company beat estimates by 17 cents a share, with quarterly earnings of 76 cents a share. Revenue also exceeded estimates, driven in part by the strong growth in the number of broadband and wireless telephony customers. Shares of Comcast were up 2.9% in the premarket.
Generac (GNRC) – The generator manufacturer earned $ 2.38 per share for the first quarter, compared to a consensus estimate of $ 1.87 per share. Sales also exceeded expectations for strength in the residential market, and Generac increased its sales forecast for the full year. Its shares rose 6% in the premarket.
EBay (EBAY) – EBay reported the most recent quarter in both top and bottom line consensus results, but the online marketplace operator gave a lighter than expected outlook for the current quarter. Its shares fell 7.6% in premarket trading.
Caterpillar (CAT) – Caterpillar shares gained 1.6% in premarket trading after the heavy equipment manufacturer beat estimates by nearly $ 1 per share, with a quarterly gain of $ 2.87 per share. Sales were also higher than expected as the improving economy increased demand for equipment.
McDonald’s (MCD) – The restaurant chain was 11 cents a share higher than consensus, with quarterly earnings of $ 1.92 a share. Sales were also higher than expected, driven by a better-than-expected 13.6% increase in same-store sales in the US.
Merck (MRK) – A pandemic drop in medical office visits was one of the main reasons for the drug maker’s income deficit in the first quarter. Merck missed expectations by 23 cents a share, with quarterly earnings of $ 1.40 a share. The share fell 1.8% in premarket action.
Royal Caribbean (RCL), Norwegian Cruise Line (NCLH), Carnival (CCL) – Shares of cruise lines rebounded in premarket trading after the Centers for Disease Control and Prevention said they are committed to a reboot of U.S. cruises against it. mid summer. Royal Caribbean was up 2.4%, Norwegian added 3% and Carnival jumped 2.8%.
Bristol Myers (BMY) – The drug company came in at 7 cents a share, lagging behind estimates, and posted a quarterly profit of $ 1.74 a share. Sales were also below forecasts as cancer drug sales eschewed Street’s forecasts. The share fell 2.3% in the premarket.
Apple (AAPL) – Apple gained 3% in premarket action after blowing past the consensus estimate of 99 cents per share, with a quarterly profit of $ 1.40 per share. Sales also exceeded estimates by a wide margin for the last quarter, with Apple’s results driven by strong demand for new 5G iPhones. It also increased planned stock repurchases by $ 90 billion. However, Apple warned of a negative impact from the ongoing global chip shortage.
Ford Motor (F) – Ford posted quarterly earnings of 89 cents a share, compared to a consensus estimate of 21 cents a share. The automaker’s sales were also better than analysts’ forecasts. Ford said a global shortage of chips could ease this summer, but it could cut production in half in the second quarter. Ford shares fell 2.9% in premarket trading.
Qualcomm (QCOM) – Qualcomm beat estimates by 23 cents a share, with quarterly earnings of $ 1.90 a share. The chip maker’s earnings also exceeded expectations, and Qualcomm gave an optimistic forecast for the current quarter as supply constraints ease. The share rose by 5.1% in the premarket.
Cheesecake Factory (CAKE) – Shares of Cheesecake Factory rose 6.7% in premarket action after the company reported quarterly profit of 20 cents a share, compared to analyst expectations of a loss of 6 cents a share. The restaurant chain’s turnover also exceeded forecasts.
Align Technology (ALGN) – Align estimates at 47 cents per share, with quarterly earnings of $ 2.49 per share. Sales also exceeded estimates. Sales were up year-on-year due to increased demand for its teeth straighteners, although profits were down due to higher costs. Its shares rose 4.3% in the premarket.