Home Market Analysis Meta, Teladoc, Southwest and extra

Meta, Teladoc, Southwest and extra

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Meta, Teladoc, Southwest and extra

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Try the businesses making headlines earlier than the bell:

Meta Platforms – Shares jumped 12% after the Fb dad or mum surpassed Wall Avenue’s expectations on the highest and backside strains and issued optimistic steering. Meta Platforms posted its first gross sales enhance in a few 12 months.

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Teladoc Well being – The telemedicine firm noticed its inventory soar greater than 7% after income topped analyst estimates within the newest quarter. The corporate additionally raised the low finish of its income and adjusted EBITDA steering, though it posted a wider-than-anticipated loss within the newest quarter. DA Davidson cited steady outcomes and growing confidence after Teladoc’s earnings.

Harley-Davidson – Harley-Davidson jumped 4.4% after the bike maker topped earnings and income expectations, in accordance with consensus estimates from Refinitiv. HOG reported first quarter earnings of $2.04 per share versus an estimate of $1.39, on revenues of $1.56 billion that had been above the consensus $1.36 billion.

First Republic Financial institution – The San Francisco-based lender rose 3% premarket after tumbling practically 30% throughout Wednesday’s session. The slide got here because the financial institution appeared for a possible rescue deal.

KLA Company – The semiconductor tools maker added 3% after KLA’s newest fiscal third quarter outcomes beat estimates on the highest and backside strains, in accordance with consensus estimates from FactSet. 

Ebay – The e-commerce platform jumped 3% after first-quarter earnings and income topped expectations, and it issued better-than-expected steering. Ebay reported earnings of $1.11 per share, higher than analysts’ $1.07 consensus, on income of $2.51 billion that was above Wall Avenue’s $2.48 billion estimate. 

Eli Lilly and Firm – Shares of the Indianapolis-based drugmaker rose greater than 3% after it reported higher-than-expected income for the primary quarter and raised its full-year steering on each the highest and backside strains. Lilly generated $6.96 billion in income, topping the $6.86 billion anticipated by analysts, in accordance with Refinitiv. Adjusted earnings per share, nevertheless, got here in 11 cents under estimates at $1.62.

Southwest Airways – The Dallas-based service noticed its shares slide 4% after posting a wider-than-expected loss for the primary quarter on account of its vacation disaster, when it canceled greater than 16,000 flights in late December. The incident resulted in a $325 million income influence for the primary quarter, Southwest mentioned.

Roku – Shares climbed 1.8% after Roku’s first-quarter income beat expectations, and it issued second-quarter income steering past what Wall Avenue was anticipating. The TV streaming platform mentioned newest quarter income got here in at $741 million, much better than the $708.5 million consensus estimate, in accordance with Refinitiv. Roku issued second-quarter income steering of $770 million, higher than analysts’ consensus of $768 million. In any other case, Roku barely missed earnings expectations in the quarter simply ended, dropping $1.38 per share in comparison with forecasts for a lack of $1.37 per share. 

Honeywell Worldwide – Honeywell superior 1.8% after surpassing earnings and income expectations in its newest quarter. The conglomerate reported first quarter earnings of $2.07 per share ex-items, higher than Wall Avenue’s $1.93, on revenues of $8.86 billion that topped the consensus of $8.52 billion.

American Airways – The Fort Value, Texas-based service rose 0.4% premarket after posting first-quarter earnings that matched estimates, although income missed expectations. American posted first quarter earnings of $0.05 per share ex-items, according to Wall Avenue, on revenues of $12.19 billion that in contrast with analysts’ $12.20 billion.

Merck & Co. – The New Jersey-based pharmaceutical maker superior about 1.5% after topping estimates in its most up-to-date quarter. Merck reported first quarter earnings of $1.40 per share ex-items, higher than analysts’ $1.32 estimate, on revenues of $14.49 billion that topped the consensus $13.78 billion, in accordance with Refinitiv.

Northrop Grumman – The protection contractor rose 1.6% after first quarter earnings of $5.50 a share ex-items topped analysts’ $5.09 estimate, in accordance with Refinitiv, whereas income of $9.3 billion was above the consensus of $9.173 billion.

Caterpillar – The development-equipment maker earned an adjusted $4.91 a share final quarter, above the $3.78 that was anticipated, in accordance with the Refinitiv consensus, on income of $15.86 billion versus an estimate of $15.255 billion. Caterpillar shares dipped 0.1% in early buying and selling. 

Bristol-Myers Squibb Firm – Bristol Myers posted earnings of $2.05 per share ex-items within the newest quarter, higher than forecasts for $1.97 per share, in accordance with Refinitiv. Income of $11.34 billion missed expectations of $11.49 billion. The inventory gained 0.1% premarket. 

Comcast – Shares of the media conglomerate rose 3.5% premarket buying and selling after it posted better-than-expected earnings within the first quarter, in accordance with Refinitiv, regardless of losses on the Peacock streaming service and a drop in residential broadband subscribers. Comcast owns NBCUniversal, the dad or mum firm of CNBC.

ServiceNow – Shares declined 1.1% premarket after a 17% runup year-to-date getting into its newest earnings. The cloud computing supplier earned of $2.37 per share ex-items within the newest quarter, higher than Wall Avenue’s $2.04, on income of $2.10 billion versus analysts’ consensus of $2.08 billion, in accordance with Refinitiv.

Disclosure: Comcast owns NBCUniversal, the dad or mum firm of CNBC.

— CNBC’s Yun Li, Tanaya Macheel, Jesse Pound and Samantha Subin contributed reporting.

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