Check out the companies that make headlines before the bell:
McDonald’s (MCD) – The restaurant chain reported adjusted quarterly earnings of $ 2.37 per share compared to a consensus estimate of $ 2.11, which is also above Wall Street’s forecast. Same-store sales in the US surged 25.9%, while global same-store sales rose 40.5%, both above analysts’ estimates.
Boeing (BA) – Boeing reported a surprising profit of 40 cents per share, and analysts expected a loss of 83 cents per share. Revenue also exceeded the estimate. This is underpinned by increased jet deliveries and stronger results from the company’s defense and global services operations. Pre-market stock prices rose 2.2%.
Pfizer (PFE) – Pfizer has adjusted quarterly earnings of 97 cents per share, 10 cents above the estimate and earnings above the estimate. Pharmaceutical companies have also raised their full-year forecasts in anticipation of continued strong sales of the Covid-19 vaccine.
Spotify (SPOT) – Spotify fell 3% in the premarket, despite reporting lower-than-expected losses and higher-than-expected earnings in the most recent quarter. The music streaming service has noticed that the number of active users each month has fallen below the previous guidance.
Shopify (SHOP) – Shopify rose 2.1% in pre-market trading after reporting adjusted quarterly earnings of $ 2.24 per share compared to a 97-cent consensus estimate. E-commerce platform providers continued to benefit from the online shopping boom.
Apple (AAPL) – Apple fell 1% in pre-market trading after warning that the negative impact of global chip shortages would worsen this quarter. The warning came after Apple reported quarterly earnings of $ 1.30 per share, surpassing the $ 1.01 consensus estimate and confirming that earnings have surged from previous estimates as well.
alphabet (GOOGL) – Alphabet earned $ 27.26 per share in the last quarter. This is well above the consensus estimate of $ 19.34. Google’s parent company’s revenue has also been discontinued as online advertising spending continues to skyrocket. Alphabet share surged 3.9% in pre-market action.
Microsoft (MSFT) – Microsoft exceeded its estimate by 25 cents with quarterly earnings of $ 2.17 per share. Meanwhile, revenue also exceeded estimates for the continued strong growth of the company’s cloud computing business. Microsoft continues to benefit from a pandemic shift to work and learning at home. Microsoft added 1.4% in pre-market transactions.
Starbucks (SBUX) – Starbucks earned adjusted $ 1.01 per share in the last quarter, surpassing the 78-cent consensus estimate and earnings above expectations. The coffee chain said labor and material costs could continue in the coming months, reducing pre-market inventories by 2.9%.
visa (V) – Visa exceeded consensus expectations by 14 cents, with adjusted quarterly earnings of $ 1.49 per share. Payment network revenue also exceeded estimates. Visas benefited from a recovery in travel and entertainment spending, but stocks fell 1.3% in pre-market transactions.
Advanced Micro Devices (AMD) – AMD’s share price rose 2.3% in pre-market behavior as chipmakers forecast earnings this quarter to exceed analysts’ expectations. It forecasts strong demand for chips used in game consoles and data centers, surpassing street estimates at the top and bottom lines quarterly.
Mattel (MAT) – Mattel has surpassed its latest quarterly estimates and raised its full-year forecast. Toy makers expect continued strong demand for the Barbie and Hot Wheels brands, despite plans to raise prices. Stock prices in front of the market soared 5.4%.
Terra Dock Health (TDOC) – Terradock lost 86 cents per share in the last quarter. This exceeds Wall Street’s expected loss of 56 cents. Revenues were higher than expected, but equities are under pressure to increase membership, which is weaker than expected by telemedicine service providers. Stocks fell 9.6% in pre-market transactions.
McDonald’s, Boeing, Pfizer, Spotify, etc.
https://www.cnbc.com/2021/07/28/stocks-making-the-biggest-moves-premarket-mcdonalds-boeing-pfizer-spotify-and-more.html McDonald’s, Boeing, Pfizer, Spotify, etc.