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Take a look at the businesses making headlines earlier than the bell:
Comcast (CMCSA) – Comcast rose 1.9% within the premarket after reporting adjusted quarterly earnings of 84 cents per share, beating the consensus estimate of 67 cents. The NBCUniversal dad or mum additionally reported better-than-expected income, helped by a rebound in advert gross sales and a reopening of theme parks.
Merck (MRK) – The drug maker matched estimates with adjusted quarterly revenue of $1.31 per share, with income beating Road forecasts. Gross sales of most cancers drug Keytruda jumped 23%, consistent with expectations. Merck fell 1.8% in premarket buying and selling.
Tempur Sealy (TPX) – The mattress maker earned an adjusted 79 cents per share for its newest quarter, 22 cents above estimates, with income topping forecasts as properly. Tempur Sealy additionally raised its full-year outlook, and the inventory jumped 4.9% in premarket motion.
Yum Manufacturers (YUM) – The dad or mum of KFC, Taco Bell and Pizza Hut got here in 20 cents forward of estimates with adjusted quarterly earnings of 1.16 per share, and income additionally beating analyst projections. Outcomes obtained a lift from restaurant reopenings in addition to continued sturdy demand in on-line orders. Yum rallied 2.3% in premarket buying and selling.
Molson Coors (TAP) – Molson Coors added 1.8% within the premarket after its adjusted quarterly earnings of $1.58 per share beat the consensus estimate of $1.34. The beer brewer’s income was above Wall Road forecasts as properly.
Northrup Grumman (NOC) – The protection contractor reported adjusted quarterly earnings of $6.42 per share, beating the $5.84 consensus estimate, with income additionally topping estimates. The corporate was helped by continued power in its satellite tv for pc and missile-making items, and the inventory rose 1.1% in premarket buying and selling.
Fb (FB) – Fb shares fell 3.7% in premarket buying and selling after the corporate mentioned income development will gradual throughout the second half of the yr as a change in Apple’s (AAPL) privateness insurance policies will damage Fb’s skill to focus on adverts. For the second quarter, Fb reported earnings of $3.61 per share in comparison with a consensus estimate of $3.03, with income additionally topping Wall Road forecasts.
Ford (F) – Ford stunned analysts with an adjusted quarterly revenue of 13 cents per share. The automaker had been anticipated to report a second-quarter lack of 3 cents per share, due largely to a chip scarcity crimping manufacturing. Nonetheless, Ford mentioned it anticipated that state of affairs to enhance within the second half, and it raised its full-year outlook. Ford jumped 4% within the premarket.
PayPal (PYPL) – PayPal beat estimates by 3 cents with adjusted quarterly earnings of $1.15 per share, with the cost service’s income primarily consistent with analyst projections. Nonetheless, shares got here beneath strain after it gave a lower-than-expected outlook, as former PayPal dad or mum eBay (EBAY) continues its transition to its personal cost platform. The inventory slid 5.6% in premarket buying and selling.
Qualcomm (QCOM) – Qualcomm reported adjusted quarterly earnings of $1.92 per share, beating the $1.68 consensus estimate, with the chip maker’s income additionally exceeding Road forecasts. Qualcomm additionally gave an upbeat forecast because it expects provide chain disruptions to ease. Qualcomm added 3.2% within the premarket.
Uber Applied sciences (UBER) – Uber dropped 5.1% in premarket buying and selling after sources instructed CNBC that Japanese funding large Softbank is promoting a piece of its stake in Uber to cowl losses associated to its funding in one other ride-hailing firm, Didi International (DIDI). Didi itself is within the information, denying an earlier Wall Road Journal report that it was contemplating going non-public. Didi had been up properly over 30% within the premarket earlier than that denial, earlier than trimming that still-large achieve to 17.5%.
iRobot (IRBT) – iRobot shares plunged 11.5% in premarket buying and selling after it reported a second-quarter loss and lower its full-year outlook. The maker of the Roomba robotic vacuum cleaner mentioned the worldwide chip scarcity would proceed to harm its skill to satisfy orders throughout the second half of the yr.
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