The woman holds the smartphone with the Meta logo in front of the newly displayed Facebook rebrand logo Meta in this photo illustration taken on October 28, 2021.
Dado Ruvic | Reuters
Check out the companies making headlines in premarket trading on Thursday.
Meta-Facebook parent shares rose more than 16% in premarket trading after the technology company reported better-than-expected quarterly earnings. Daily active users, which declined in the fourth quarter for the first time, recovered slightly and topped analysts ’expectations, according to StreetAccount. The rally came despite a loss of revenue. Shares dropped 48% on the year toward the results.
Teladoc-Teladoc’s stock price fell 43% after the telehealth company reported a lack of revenue, as well as a disappointing earnings guide. Teladoc reported a loss of $ 41.58 per share and generated revenues of $ 565.4 million. Analysts analyzed by FactSet expect a loss of 60 cents per share, and earnings of $ 568.7 million.
McDonald’s – Shares of the restaurant chain gained 2% in premarket trading after earnings in the first quarter were higher than expected. McDonald’s reported first quarter revenue of $ 5.67 billion compared to the $ 5.59 billion analysts expected, according to Refinitiv. The company saw both store sales growth of 3.5% in the US and even higher in international markets.
Southwest Airlines – The airline’s stock rose more than 3% in premarket trading after the company delivered an optimistic outlook. Southwest said it expects to increase its revenue by 8% to 12% in the second quarter from the same period in 2019, before the pandemic. For the first quarter, the company reported a loss of 32 cents per share, slightly wider than the 30 cents analysts expected, according to Refinitiv. Earnings in the first quarter were slightly earlier than expected.
PayPal-The payments company saw shares rise 3.4% in early trading after it beat revenue estimates for the first quarter and posted a slight increase in the volume of payments. The stock price rose despite the release of weak guidance for the second quarter and the entire year.
Eli Lilly-Shares of the drugmaker gained 3.4% in premarket trading after the company reported results from a clinical trial showing its obesity drug tirzepatide helped patients who lose up to 22.5% of their weight. Eli Lilly also reported better-than-expected earnings and earnings for the first quarter and boosted its full-year earnings guidance.
Pinterest – Shares for the photo -sharing company rose more than 8% on the back of better -than -expected earnings on Wednesday. Pinterest reported adjusted revenues of 10 cents per share and revenues of $ 575 million. In comparison, analysts polled by Refinitiv expect earnings of 4 cents per share on revenues of $ 573 million.
Caterpillar – Shares of the global construction machine maker fell more than 1% despite Caterpillar’s defeat in the top and bottom line estimates in the first quarter. The company earned $ 2.88 per share excluding items in $ 13.59 billion in revenue. Analysts expect the company to earn $ 2.60 per share on $ 13.4 billion in sales, according to estimates compiled by Refinitiv.
Qualcomm-Shares rallied about 7% premarket after a better-than-expected quarterly report. Qualcomm posted a earnings per share adjustment of $ 3.21 to revenue of $ 11.16 billion. Analysts expect a profit of $ 2.95 per share on revenue of $ 10.63 billion, according to StreetAccount.
ServiceNow – Shares of ServiceNow jumped more than 8% following the company’s first quarter earnings report. The platform-as-a-service provider earned $ 1.73 per share on an adjusted basis and posted $ 1.72 billion in revenue. Wall Street expects $ 1.70 per share and $ 1.70 billion in revenue, according to data from StreetAccount.
-CNBC’s Yun Li, Tanaya Macheel, Hannah Miao, Jesse Pound and Pippa Stevens contributed to the report.
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