Comcast, Caterpillar, Merck and more

Comcast, Caterpillar, Merck and more

Take a look at the businesses making headlines earlier than the bell:

Comcast (CMCSA) – The mother or father of NBCUniversal and CNBC reported adjusted quarterly earnings of 87 cents per share, 12 cents above estimates. Income additionally beat forecasts as cable and broadband income grew, and the inventory jumped 3% within the premarket.

Caterpillar (CAT) – Caterpillar shares rose 2.5% within the premarket after the heavy gear maker beat bottom-line estimates for the third quarter regardless of a slight income shortfall. Adjusted earnings got here to $2.66 per share in contrast with a consensus estimate of $2.20, amid elevated demand within the building trade.

Merck (MRK) – The drugmaker beat estimates by 20 cents with adjusted quarterly earnings of $1.75 per share, with income additionally topping estimates on stronger gross sales of vaccines and most cancers medicine. Merck rose 2.2% in premarket buying and selling.

Tempur Sealy (TPX) – Shares of the mattress firm added 2.5% within the premarket after it reported an adjusted quarterly revenue of 88 cents per share, 3 cents above estimates. Income was additionally above analyst forecasts, with a very sturdy gross sales improve in worldwide markets.

Ford (F) – Ford surged 9.5% in premarket buying and selling, after it earned an adjusted 51 cents per share for the third quarter, effectively above the 27-cent consensus estimate. Ford additionally elevated its full-year steerage amid sturdy demand, regardless of stock being crimped by the worldwide chip scarcity. The automaker stated provide chain constraints ought to slowly ease this quarter and all through 2022.

eBay (EBAY) – eBay beat estimates by 1 cent with an adjusted quarterly revenue of 90 cents per share, and the net market operator’s income additionally topped forecasts. Nevertheless, the inventory slid 5.1% in premarket motion as eBay issued weaker than anticipated present quarter steerage.

ServiceNow (NOW) – ServiceNow got here in 17 cents forward of estimates with adjusted quarterly earnings of $1.55 per share and income beating analyst tasks as effectively. The supplier of human sources providers gave steerage that was merely in keeping with forecasts, contributing to a 2.5% premarket decline within the share value.

WPP Group (WPP) – WPP simply beat forecasts with its third-quarter outcomes, and the promoting company operator additionally raised its gross sales steerage as firms search to make the most of sturdy shopper spending with new advert campaigns. WPP rallied 7.4% within the premarket.

Anheuser-Busch InBev (BUD) – The corporate reported a shock improve in quarterly revenue, and the beer brewer additionally raised its 2021 earnings forecast. AB InBev is getting a lift from stronger beer gross sales, significantly in Brazil, and its shares soared 10.2% within the premarket.

Align Expertise (ALGN) – Align surged 8.4% in premarket buying and selling after it beat estimates by 27 cents with adjusted quarterly earnings of $2.87 per share. The maker of the Invisalign invisible dental brace system additionally reported better-than-expected income.

Sleep Quantity (SNBR) – Sleep Quantity earned $2.22 per share for its newest quarter, effectively above the $1.44 consensus estimate, with income simply beating forecasts. The mattress maker additionally issued a barely higher than anticipated full-year earnings outlook, and its shares surged 7.8% within the premarket.

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