Check out which companies are making the headlines in pre-market trading.
PepsiCo The shares of the food and beverage giant declined in Primarkt, although the company Reported a win over the top and bottom lines in the last quarter As consumers paid more for some of the company’s major brands.
General Electric General Electric stock fell 3.5% despite beating estimates in its quarterly report. The company confirmed its full-year earnings guidance scope and said it saw challenges from inflation and supply chain issues.
United Parcel Services – Shares of the shipping and logistics giant rose 1.7% after beating analyst estimates for net profit. UPS reported adjusted earnings per share $3.05 on revenue of $24.38 billion, while analysts expected $2.88 earnings per share on $23.79 billion in revenue.
15:00 Share prices of 3 million shares stabilized before the sale, after announcing quarterly profits that exceeded estimates. The company generated $8.83 billion in revenue, while analysts had expected revenue of $8.74 billion.
Dr. Horton – The housing construction company’s stock rose 2.8% during pre-market trading after exceeding analysts’ estimates in the previous quarter. DR Horton reported adjusted earnings of $4.03 per share on revenue of $8 billion. Analysts expected $3.37 adjusted earnings per share to $7.62 billion in revenue.
sea World – The theme park and entertainment company’s stock rose 4.6% after Rosenblatt Securities initiated a buying buy and said that despite pandemic headwinds, the company was doing well under the vision of big investor Scott Ross.