Shares of the food and beverage giant slipped 0.28% in the premarket trading as the company beat the top and bottom-line estimates in the first-quarter earnings of 2022. The earnings were supported by the rise in prices of some of the company’s key products.
The theme park and entertainment company’s shares rallied 4.6% after Rosenblatt Securities started coverage with a buy and said despite pandemic headwinds the company has performed well under the vision of big investor Scott Ross.
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General Electric (GE)
General Electric’s shares dipped 3.5% despite beating market estimates in its quarterly financial report. The company confirmed its previous year’s profit guidance range and said it sees inflation and supply chain disruptions as challenges in the current quarter.
United Parcel Services (UPS)
The shipping and logistics giant’s stock surged 1.7% in the premarket action after beating market estimates on the top and bottom lines. UPS posted adjusted earnings of $3.05 per share on revenues of 424.38 billion while analysts were expecting earnings of $2.88 per share on $23.79 billion in revenue.
DR Horton (DHI)
Shares of the homebuilder jumped 2.8% in the premarket trading after topping analyst estimates in the first quarter of fiscal 2022. DR Horton posted adjusted earnings of 44.03 per share on revenues of $8 billion while analysts expected adjusted earnings of $3.37 per share on $7.62 billion in revenue.
Shares of 3M were flat in premarket trading after its quarterly earnings beat the analyst forecasts. The company reported revenues of $8.83 billion while analysts estimated $8.74 billion in revenue.