Check out some of the largest moving companies on the pre-market:
Verizon (VZ) – Verizon reported quarterly earnings of $ 1.31 per share, 2 cents per share above estimates. Revenue also exceeded analysts’ forecasts. Verizon lost more wireless subscribers in the quarter than analysts expected.
Welbilt (WBT) – Welbilt shares rose 14.8% in the pre-market after the manufacturer of professional food service equipment agreed to sell off rival Middleby (MIDD) in an all-stock transaction with an implicit value of 4, $ 3 billion to be bought.
Anthem (ANTM) – The health insurer earned $ 7.01 per share last quarter, beating estimates by 50 cents per share. Revenues fell short of Wall Street forecasts. Anthem also raised its full year outlook as the various medical plans increased and pharmacy benefit management revenues increased. The share rose 1.6% in premarket trading.
Halliburton (HAL) – Halliburton stock rose 2.4% prior to going public after beating estimates by 2 cents per share, with quarterly earnings of 19 cents per share. Sales were also above estimates. The oilfield services company said North American business continues to recover healthily.
Baker Hughes (BKR) – The oilfield services company’s stock rose 1.2% prior to entering the market after posting quarterly earnings of 12 cents per share, a penny per share above estimates. Sales largely met expectations. Profit fell 40% year over year due to severe winter weather.
Nasdaq (NDAQ) – The exchange operator earned $ 1.96 per share in the first quarter, 23 cents per share above estimates. The revenues were also above the road forecasts. The result was increased by double-digit growth in trading turnover for stocks and fixed-income securities. Nasdaq also announced a 10% increase in its dividend.
Netflix (NFLX) – Netflix fell 8.7% in premarket trading, even after beating last quarter estimates in both profit and loss. Investors are focusing on weaker than expected subscriber growth numbers for the video streaming giant.
CSX (CSX) – The CSX fell 2 cents per share below estimates, posting quarterly earnings of 93 cents per share. The rail operator’s income was above the forecast. Pandemic disruptions and higher fuel costs have impacted the bottom line of CSX. CSX was down 1% in premarket trading.
Moderna (MRNA) – The drugmaker’s shares rose 1.1% in premarket trading after signing a new contract with Israel to supply Covid-19 vaccines in 2022. Israel was also given the option to purchase doses of vaccine to treat certain variants of the virus.
Norwegian Cruise Line (NCLH) – Norwegian stocks rose 2.4% in the pre-market after Goldman Sachs switched the operator of the cruise line from “neutral” to “buy”. Goldman cited several positive factors, including Norway’s capacity growth and low leverage compared to its peers.
Intuitive Surgical (ISRG) – Intuitive Surgical earned $ 3.52 per share in the most recent quarter, well above the consensus estimate of $ 2.63 per share. The surgical equipment manufacturer’s revenue also exceeded forecasts. Procedures involving the company’s devices increased as the Covid-19 pandemic subsided. The share gained 3.9% in premarket trading.
ASML (ASML) – ASML was up 3.6% before entering the market after posting better-than-expected earnings in the first quarter as the semiconductor manufacturing equipment company benefited from increasing global demand for chips. ASML also raised its outlook for the full year.
Tenet Healthcare (THC) – Tenet reported quarterly earnings of $ 1.30 per share, compared to an estimated 72 cents per share. The hospital operator’s income was slightly higher than forecast. Tenet said it had been able to successfully tackle challenges related to the pandemic and winter storms and it had also given an optimistic outlook. Tenet gained 2.7% in premarket trading.
Interactive Brokers (IBKR) – Interactive Brokers was 7 cents per share above estimates and posted quarterly earnings of 98 cents per share. With a 53% increase in trading commissions, sales were well above estimates. The share gained 2.1% in premarket trading.
Edwards Lifesciences (EW) – Edwards stock rose 3.8% in the pre-market after beating estimates by 7 cents per share, with quarterly earnings of 54 cents per share. Revenue was also above consensus forecasts, and the medical device company also raised its full-year forecast for an expected surge in demand for heart-related procedures.