Eli Lilly, Cigna, Restaurant Brands and more


Take a look at some of the biggest movers in the premarket:

Eli Lilly (LLY) – The drug maker’s stock fell 3.6% in the premarket after it missed estimates with its quarterly results and cut its full-year forecast. Lilly’s performance during the quarter was impacted by lower prices for insulin and falling sales of its Covid-19 treatment.

Cigna (CI) – The insurance company reported better-than-expected profit and revenue for the second quarter and raised its full-year outlook. Cigna was helped by lower costs resulting from a slow rebound in non-urgent medical procedures. Cigna rose 2.6% in premarket trading.

Restaurant Brands (QSR) – The parent of Popeyes, Tim Hortons and Burger King beat top- and bottom-line estimates for its latest quarter, with comparable restaurant sales also rising more than expected. Restaurant Brands added 1.8% in premarket action.

Alibaba (BABA) – Shares of the China-based e-commerce giant jumped 5.2% in premarket trading after better-than-expected quarterly results. That came despite flat revenue growth for the first time ever, due to Covid-19-related lockdowns in China.

Paramount Global (PARA) – Paramount fell 4% in the premarket despite better-than-expected quarterly results, which got a boost from the success of “Top Gun: Maverick.” Paramount did note that it spent more on its direct-to-consumer services during the quarter, with its flagship Paramount+ streaming service gaining 4.9 million subscribers.

Shake Shack (SHAK) – The restaurant chain’s shares slid 5.7% in the premarket despite avoiding an expected loss with a breakeven quarter on an adjusted basis. Shake Shake’s revenue missed Wall Street forecast, and the company said June sales were below its expectations after April and May sales came in as expected.

Booking Holdings (BKNG) – The parent of Priceline and other travel services reported better-than-expected quarterly profit, but revenue missed forecasts and the company said travel difficulties like flight cancellations cut into its July growth. Booking Holdings fell 3.1% in the premarket.

Clorox (CLX) – Clorox shares slid 5.9% in premarket trading as higher costs offset price hikes for the company’s consumer products in its latest quarter. Revenue fell slightly below estimates, though earnings did match Wall Street forecasts.

Toyota Motor (TM) – The automaker’s shares fell 3.5% in premarket action after it reported a 42% drop in profit from a year ago for its latest quarter. Toyota was impacted by supply chain issues and rising costs, which prevented it from producing as many cars as it had intended.



Source link

Related articles

McDermott lands offshore Brazil contract with BRAVA Energia

McDermott has been awarded a sizeable* offshore transportation and set up contract by BRAVA Energia, an impartial oil and gasoline firm in Brazil, for the Papa-Terra subject within the Campos Basin and the...

Apple Watch Collection 10 sees a report low cost to only $379.99

Kaitlyn Cimino / Android AuthorityAt the moment priced at $379.99, the Apple Watch Collection 10 has dipped under its $499 tag. Although the sticker value discount won't appear big on paper, this 24%...

E book Evaluate: Cheaper Sooner Higher: How We’ll Win the Local weather Battle

Cheaper, Sooner Higher: How We’ll Win the Local weather Battle. 2024. Tom Steyer. Spiegel & Grau. In Cheaper Sooner Higher, Tom Steyer,...

After Bonds in Europe, Revolut Brings “Tax-Environment friendly Inventory Investing” to UK Retail Traders

Revolut has launched a brand new Shares and Shares ISA for its UK prospects. This follows the corporate’s latest transfer to supply entry to bond markets for retail traders within the European Financial Space (EEA).In...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com