Check out the companies that make headlines before the bell:
Comcast (CMCSA) – Comcast rose 1.9% in front of the market after reporting adjusted quarterly earnings of 84 cents per share, surpassing the consensus estimate of 67 cents. NBCUniversal’s parent company also reported higher-than-expected revenue, supported by a recovery in advertising sales and the reopening of theme parks.
Merck (MRK) – Pharmaceuticals matched estimates with adjusted quarterly earnings of $ 1.31 per share, with earnings higher than Street’s forecast. Sales of the anti-cancer drug Keytruda increased by 23%, as expected. Merck fell 1.8% in pre-market trading.
Tempur Sealy (TPX) – Mattress makers have adjusted earnings per share of 79 cents in the last quarter, 22 cents above expectations and earnings above expectations. Tempur Japan also raised its full-year outlook, with pre-market movements boosting stock prices by 4.9%.
Yum Brands (YUM) – The parent company of KFC, Taco Bell and Pizza Hut has adjusted quarterly earnings of 1.16 per share, 20 cents above estimates and earnings above analysts’ expectations. The results were boosted by the reopening of restaurants and the continued strong demand for online orders. Yum rose 2.3% in pre-market trading.
Molson Coors (TAP) – Molson Coors added 1.8% in the premarket after adjusted quarterly earnings of $ 1.58 per share, above the consensus estimate of $ 1.34. Brewery revenues also exceeded Wall Street’s expectations.
Northrop Grumman (NOC) – Defense industry contractors reported adjusted quarterly earnings of $ 6.42 per share, above the consensus estimate of $ 5.84 and earnings above estimates. The company’s share price rose 1.1% in pre-market transactions, supported by the continued strength of its satellite and missile manufacturing units.
Ford (F) – Ford surprised analysts with an adjusted quarterly earnings of 13 cents per share. Automakers were expected to report a second-quarter loss of 3 cents per share, primarily due to chip shortage crimp production. However, Ford said it expected the situation to improve in the second half of the year and raised its full-year outlook. Ford soared 4% in the premarket.
PayPal (PYPL) – PayPal surpasses estimates by 3 cents, adjusted quarterly earnings of $ 1.15 per share, and payment service revenue is essentially in line with analysts’ expectations. However, as the former PayPal parent, the stock was under pressure after showing a lower-than-expected outlook. eBay (EBAY) continues to move to its own payment platform. Stocks fell 5.6% in pre-market transactions.
Qualcomm (QCOM) – Qualcomm reported adjusted quarterly earnings of $ 1.92 per share, above the $ 1.68 consensus estimate and chip maker earnings above Street’s forecast. Qualcomm also made bright predictions as it expects supply chain disruptions to ease. Qualcomm added 3.2% in the premarket.
Uber Technologies (UBER) – Uber is in front of the market after sources tell CNBC that Japanese investment giant Softbank is selling a portion of Uber’s stake to cover losses associated with investing in another ride-hailing company. Trading fell 5.1%. Didi (DIDI). Didi itself is in the news, denying previous reports that the Wall Street Journal was considering keeping it private. Didi had risen well over 30% in the premarket before its refusal, but still trimmed big profits to 17.5%.
I robot (IRBT) – iRobot shares plunged 11.5% in pre-market trading after reporting a loss in the second quarter and lowering the full-year outlook. The manufacturer of Roomba robot vacuums said a global chip shortage would continue to undermine their ability to fulfill orders later this year.
Comcast, Merck, Tempur Sealy, Yum, etc.
Source link Comcast, Merck, Tempur Sealy, Yum, etc.