Meta, Teladoc, Pinterest, Qualcomm and more

Meta, Teladoc, Pinterest, Qualcomm and more

Take a look at the businesses making headlines in Thursday premarket buying and selling.

Meta — Shares of the Fb dad or mum soared more than 16% in premarket buying and selling after the tech firm reported better-than-expected quarterly earnings. Every day energetic customers, which declined within the fourth quarter for the primary time, bounced again a bit and topped analysts’ expectations, in accordance with StreetAccount. The rally got here regardless of a income miss. Shares had been down 48% on the yr heading into the outcomes.

Teladoc — Teladoc’s inventory worth cratered 43% after the telehealth firm reported an earnings miss, in addition to disappointing income steering. Teladoc reported a lack of $41.58 per share and generated revenues of $565.4 million. Analysts surveyed by FactSet had been anticipating a lack of 60 cents per share, and revenues of $568.7 million.

McDonald’s — Shares of the restaurant chain gained 2% in premarket buying and selling after first quarter income got here in increased than anticipated. McDonald’s reported first quarter income of $5.67 billion versus the $5.59 billion anticipated by analysts, in accordance with Refinitiv. The corporate noticed identical retailer gross sales development of three.5% within the U.S. and even increased in worldwide markets.

Southwest Airways — The airline inventory rose more than 3% in premarket buying and selling after the corporate delivered an optimistic outlook. Southwest stated it anticipated its second quarter income to be up 8% to 12% from the identical interval in 2019, previous to the pandemic.  For the primary quarter, the corporate reported a lack of 32 cents per share, barely wider than the 30 cents anticipated by analysts, in accordance with Refinitiv. First-quarter revenues got here in barely forward of expectations.

PayPal — The fee’s firm noticed shares rise 3.4% in early buying and selling after it beat income estimates for the primary quarter and posted a slight improve in funds quantity. The inventory worth received a raise regardless of issuing weak steering for the second quarter and full yr.

Eli Lilly — The drug maker’s shares gained 3.4% in premarket buying and selling after the corporate reported outcomes from a medical trial exhibiting its weight problems drug tirzepatide helped sufferers lose as much as 22.5% of their weight. Eli Lilly additionally reported better-than-expected earnings and income for the primary quarter and boosted its full-year income steering.

Pinterest — Shares for the picture sharing firm surged more than 8% on the again of better-than-expected earnings Wednesday. Pinterest reported adjusted earnings of 10 cents per share and revenues of $575 million. Compared, analysts polled by Refinitiv anticipated earnings of 4 cents per share on revenues of $573 million.

Caterpillar — Shares of the worldwide development machine maker slid more than 1% regardless of Caterpillar beating top- and bottom-line estimates through the first quarter. The corporate earned $2.88 per share excluding gadgets on $13.59 billion in income. Analysts had been anticipating the corporate to earn $2.60 per share on $13.4 billion in gross sales, in accordance with estimates compiled by Refinitiv.

Qualcomm — Shares rallied roughly 7% premarket after a better-than-expected quarterly report. Qualcomm posted alter earnings per share of $3.21 on income of $11.16 billion. Analysts had been anticipated a revenue of $2.95 per share on income of $10.63 billion, in accordance with StreetAccount.

ServiceNow — ServiceNow shares jumped more than 8% following the corporate’s first-quarter earnings report. The platform-as-a-service supplier earned $1.73 per share on an adjusted foundation and posted $1.72 billion in income. Wall Road was anticipating $1.70 per share and $1.70 billion in income, in accordance with knowledge from StreetAccount.

— CNBC’s Yun Li, Tanaya Macheel, Hannah Miao, Jesse Pound and Pippa Stevens contributed reporting.

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