Walmart (WMT)

Walmart plunged 7% in the premarket after missing bottom-line expectations for the first quarter. The retail giant earned $1.30 per share, 18 cents per share below estimates as inflationary pressures offset the positive impact of stronger-than-expected sales.

Also Read | How China’s COVID lockdowns affect the world

Home Depot (HD)

Shares of Home Depot surged 2.7% in premarket trading after the home improvement retailer reported better-than-expected profit, revenue and comparable sales for the January to March quarter, while also raising its yearly outlook.  Home Depot earned $4.09 per share during the quarter, above the consensus estimate of $3.68 per share.

Also Read | What are Twitter bots and how to spot them?

Citigroup (C)

Shares of Citigroup gained 5.4% in the premarket after news that Berkshire Hathaway (BRK.B) acquired a nearly $3 billion stake in the bank during the first quarter. Berkshire’s latest 13-F filing also showed that the company sold around an $8.3 billion stake in Verizon (VZ).

Also Read | Inside Elon Musk and Parag Agrawal’s public feud over Twitter bots

United Airlines (UAL)

United Airlines’ stock jumped 4.6% in premarket action after the airline raised its revenue forecast for the ongoing, as it expects its busiest summer since before the pandemic began.

Twitter (TWTR)

Shares of Twitter fell 1% in premarket action as Tesla CEO Elon Musk continues to cast doubt on whether his deal to buy Twitter for $54.20 per share will be completed. Musk is suggesting that he could demand a lower price, saying there could be at least four times the number of spam or fake accounts that the company has said.

Also Read | Who is Alyssa Chitti, US mom selling breast milk amid baby formula crisis?

Take-Two Interactive (TTWO)

Take-Two shares rallied 4.9% in premarket trading despite missing estimates in its key bookings metric and weaker-than-expected guidance. Analysts have outlined conservative guidance from the video game maker and are also expecting a more positive outlook once its pending acquisition of Zynga (ZNGA) finalises.

Also Read | What is the Great Replacement Theory?

Tencent Music Entertainment (TME)

Tencent Music shares rallied 6.5% in the premarket, despite a 15% decline in quarterly revenue. Tencent Music shares are also benefiting from expectations for looser regulatory curbs.