Check out the companies making headlines before the bell. Eli Lilly shares jumped nearly 7% after reporting first-quarter adjusted earnings of $2.58 per share, beating the consensus estimate of $2.46. The company also raised its full-year guidance for adjusted earnings and revenue, exceeding analysts’ expectations. 3M saw shares rise 7.7% after posting earnings of $2.39 per share on revenues of $7.72 billion, surpassing estimates. The company also announced a dividend cut after spinning off its healthcare unit. F5 slid 10% after providing third-quarter revenue guidance that threatened to miss analysts’ consensus estimate. McDonald’s shares dipped nearly 2% as the fast-food chain missed quarterly earnings estimates. Stellantis shares fell 3.6% after revenue came in lower than expected. Coca-Cola dipped about 0.4% despite reporting first-quarter results slightly ahead of expectations. Tesla lost 1.9% after gaining 15.3% the previous day. HSBC added 4.2% after beating first-quarter earnings expectations and announcing the departure of its CEO. GE Healthcare Technologies shares tumbled 8.1% after missing first-quarter revenue estimates. PayPal shares climbed 5.1% after topping revenue expectations.
Several companies made headlines before the bell with their first-quarter earnings reports. Eli Lilly saw its shares rise nearly 7% after reporting adjusted earnings of $2.58 per share, beating expectations. The company also increased its full-year guidance for earnings and revenue. 3M’s shares also surged 7.7% after the industrial products maker posted earnings of $2.39 per share on revenue of $7.72 billion, surpassing analysts’ estimates. However, the company announced a dividend cut after spinning off its healthcare unit.
F5, a cloud computing company, saw its shares drop 10% after its third-quarter revenue guidance missed analysts’ expectations. McDonald’s shares dipped 2% after the fast-food chain missed analysts’ earnings estimates and same-store sales fell short of expectations. Stellantis, the Jeep maker, saw its shares fall 3.6% after reporting lower-than-expected revenue in the first quarter.
Coca-Cola’s shares dipped slightly, despite reporting first-quarter results slightly ahead of expectations. Tesla’s shares lost 1.9% in premarket trading after soaring the day before, following approval from China to roll out its advanced driver-assistance service technology in the country. HSBC, Europe’s largest bank by assets, saw its shares rise 4.2% after beating first-quarter earnings expectations and announcing the departure of its Group CEO, Noel Quinn. GE Healthcare Technologies’ shares tumbled 8.1% after missing first-quarter revenue estimates due to weaker sales in China and lower imaging demand. PayPal’s shares climbed 5.1% after topping revenue expectations for the first quarter.
Source link
