Check out the companies that make the headlines before the doorbell rings:
Comcast (CMCSA) – Comcast rose 1.9% in premarket after announcing adjusted quarterly earnings of 84 cents per share and beating consensus estimate of 67 cents. NBCUniversal’s parent company also reported better-than-expected revenue, aided by a rebound in ad sales and theme parks reopening.
Merck (MRK) – The drug maker was in line with estimates with adjusted quarterly earnings of $ 1.31 per share, with sales beating Street’s forecasts. As expected, sales of the cancer drug Keytruda increased by 23%. Merck lost 1.8% in pre-trading.
Tempur Sealy (TPX) – The mattress maker earned an adjusted 79 cents per share last quarter, 22 cents above estimates, while also beating sales forecasts. Tempur Sealy also raised its full year outlook, with the stock rising 4.9% pre-IPO.
Yum Brands (YUM) – The parent company of KFC, Taco Bell and Pizza Hut, was 20 cents above estimates with adjusted quarterly earnings of 1.16 per share and revenue that also beat analysts’ forecasts. Results were bolstered by the reopening of restaurants as well as continued strong demand for online orders. Yum gained 2.3% in pre-trading.
Molson Coors (TAP) – Molson Coors gained 1.8% in the premarket after its adjusted quarterly earnings of $ 1.58 per share beat the consensus estimate of $ 1.34. The brewer’s earnings were also above Wall Street’s forecasts.
Northrup Grumman (NOC) – The defense company reported adjusted quarterly earnings of $ 6.42 per share, beating consensus estimate of $ 5.84, with revenue also beating estimates. The company benefited from the continued strength of its satellite and missile manufacturing units, and the stock rose 1.1% in pre-trading hours.
Ford (F) – Ford surprised analysts with adjusted quarterly earnings of 13 cents per share. The automaker had expected a loss of 3 cents per share in the second quarter, largely due to a chip shortage in crimp production. However, Ford said it anticipates this situation will improve in the second half of the year and raised its outlook for the full year. Ford rose 4% in the premarket.
PayPal (PYPL) – PayPal beat estimates 3 cents with adjusted quarterly earnings of $ 1.15 per share, with payment service revenue largely in line with analysts’ forecasts. However, the stock came under pressure after issuing a lower-than-expected outlook as former PayPal parent eBay (EBAY) continued its transition to its own payment platform. In pre-market trading, the share lost 5.6%.
Qualcomm (QCOM) – Qualcomm reported adjusted quarterly earnings of $ 1.92 per share, beating the consensus estimate of $ 1.68, with the chipmaker’s revenue also beating Street forecasts. Qualcomm was also upbeat as supply chain disruptions are expected to subside. Qualcomm gained 3.2% in the premarket.
Uber Technologies (UBER) – Uber lost 5.1% in pre-trading after sources told CNBC that Japanese investment giant Softbank is selling part of its stake in Uber to cover losses related to its investment in another rideshare company, Didi Global (DIDI ), cover up. . Didi himself is in the news, denying an earlier Wall Street Journal report that he is considering going private. Before this rejection, Didi had risen well over 30% in the premarket before reducing this still large profit to 17.5%.
iRobot (IRBT) – iRobot shares plummeted 11.5% in pre-IPO trading after reporting a loss in the second quarter and lowering their full year outlook. The maker of the Roomba robotic vacuum cleaner said the global chip shortage would continue to affect its ability to fulfill orders in the second half of the year.