PepsiCo, General Electric, UPS and others
Check out the companies making headlines in pre-market trading.
PepsiCo – Shares of the food and beverage giant fell in the premarket despite the company reported an up and down beat in the last quarter as consumers have paid more for some of the company’s key brands.
Electrical general – General Electric stock fell 3.5% despite higher estimates in its quarterly report. The company confirmed its previous range of earnings indications for the full year and said it sees the challenges of inflation and supply chain problems.
Combined parcel services Shares of the shipping and logistics giant gained 1.7% after beating analyst estimates at the top and bottom. UPS reports adjusted earnings per share of $ 3.05 on revenue of $ 24.38 billion, while analysts were expecting $ 2.88 in earnings per share on $ 23.79 billion of revenue.
3M – 3M shares were flat ahead of the market after posting quarterly earnings that exceeded estimates. The company reported revenues of $ 8.83 billion, while analysts were expecting revenue of $ 8.74 billion.
Dr. Horton – Homebuilder shares were up 2.8% during pre-market trading after beating analysts’ estimates in the previous quarter. DR Horton reported adjusted earnings of $ 4.03 per share on revenues of $ 8 billion. Analysts forecast adjusted earnings per share of $ 3.37 on revenue of $ 7.62 billion.
Marine world Shares of the theme park and entertainment company rose 4.6% after Rosenblatt Securities initiated the hedge with a purchase and said that despite the headwinds of the pandemic, the company reacted well under the view of the great investor Scott Ross.