Comcast, Merck, Tempur Sealy, Yum, and others

Check out companies that make headlines before bell:

Comcast (CMCSA) – Comcast increased 1.9% in the premarket after reporting adjusted quarterly earnings of 84 cents per minute share, beating the consensus estimate of 67 cents. The Universal NBC parent also it posted better-than-expected revenue, helped by a rebound in ad sales and a reopening of theme parks.

Merck (MRK) – The drug manufacturer has met the estimates with adjusted quarterly profit of $ 1.31 per person share, with revenue that beats Street forecasts. Sales of Keytruda cancer drug increased by 23%, in line with expectations. Merck fell 1.8% in premarket trading.

Tempur Sealy (TPX) – The mattress manufacturer earned a adjusted 79 cents per minute share for his latest quarter, 22 cents above the estimates, with even higher revenue forecasts. Tempur Sealy also lifted up full-year prospects and the stock jumped 4.9% in pre-market action.

Yum Brands (YUM) – The parent of KFC, Taco Bell and Pizza Hut have arrived in 20 cents ahead of estimates with adjusted quarterly earnings of 1.16 for share, and revenue also beating analyst projections. The results got a boost from restaurant reopenings as well as continues strong demand in online orders. Yum gained 2.3% in premarket trading.

Molson Coors (TAP) – Molson Coors added 1.8% in the premarket after his adjusted quarterly earnings of $ 1.58 per person share beat the consensus estimate of $ 1.34. The brewer’s revenue was also higher than Wall Street forecasts.

Northrup Grumman (NOC) – The defense reported by the contractor adjusted quarterly earnings of $ 6.42 per person share, beating the consensus estimate of $ 5.84, with sales also higher estimates. The company has been helped by a continuing force in its satellite and missile manufacturing units, and its stock increased by 1.1% in premarket trading.

Facebook (FB) – Facebook shares fell by 3.7% in premarket trading after the company said revenue growth will slow down during the second half of the year as a change in Apple’s privacy policies (AAPL) will harm those of Facebook ability to target ads. For the second quarter, Facebook reported earnings of $ 3.61 per person share versus a consensus estimate of $ 3.03, with sales also Wall Street’s best predictions.

Ford (F) – Ford surprised analysts with a adjusted quarterly profit of 13 cents per minute share. The automaker should have reported a second-quarter loss of 3 cents per minute share, due in largely to a production of crimping due to lack of chips. However, Ford said he expected the situation to improve in the second half, and raised his full-year prospect. Ford earned 4% in the premarket.

PayPal (PYPL) – PayPal beat estimates by 3 cents with adjusted quarterly earnings of $ 1.15 per person share, with the revenue of the payment service essentially in line with analyst projections. However, shares was put under pressure after giving a lower than expected perspective, in how much former PayPal parent eBay (EBAY) continues its transition to its own payment platform. The stock lost 5.6% in premarket trading.

Qualcomm (QCOM) – Reported by Qualcomm adjusted quarterly earnings of $ 1.92 per person share, beating the consensus estimate of $ 1.68, with the chip maker’s revenue also surpassing Street’s predictions. Qualcomm also provided an optimistic forecast in as it expects supply chain disruptions to ease. Qualcomm added 3.2% in the premarket.

Uber Technologies (UBER) – Uber fell 5.1% in premarket trading after sources told CNBC that Japanese investment giant Softbank is selling to chunk of his mail in game in Uber to cover the losses related to its investment in another racing company, Didi Global (DIDI). Didi himself is in the news, denying a previous Wall Street Journal report that he was considering going private. Didi had been up Well over 30% in the premarket before that denial, before cutting that still large gain to 17.5%.

iRobot (IRBT) – iRobot shares precipitate of 11.5% in premarket trading after he reported a second-quarter loss and cut her full-year prospect. The creator of the Roomba robot vacuum cleaner claimed that the chip shortage in the whole world will continue to harm him ability to fulfill orders during the second half of the year.

Read More About Business News around the World here!


Leave a Reply