Check out the companies that make the headlines before the doorbell rings:
McDonald’s (MCD) – The restaurant chain reported adjusted quarterly earnings of $ 2.37 per share, compared to a consensus estimate of $ 2.11, with sales also beating Wall Street projections. U.S. sales in the same store rose 25.9% while global comparisons rose 40.5%, both above analyst estimates.
Boeing (BA) – Boeing reported a surprising profit of 40 cents per share, analysts had expected a loss of 83 cents per share. Revenue also exceeded estimates, aided by higher jet deliveries and better results from the company’s defense and global services businesses. The share gained 2.2% before the trading session.
Pfizer (PFE) – Pfizer beat estimates 10 cents with adjusted quarterly earnings of 97 cents per share and revenue that was also above estimates. The drug maker also raised its full-year forecast and expected continued strong sales of its Covid-19 vaccine.
Spotify (SPOT) – Spotify fell 3% in the premarket, despite posting a smaller-than-expected loss and better-than-expected revenue in the most recent quarter. The music streaming service found that its monthly active user numbers were below its previous projections.
Shopify (SHOP) – Shopify gained 2.1% in pre-hours trading after reporting adjusted quarterly earnings of $ 2.24 per share, compared to a consensus estimate of 97 cents. The provider of e-commerce platforms continued to benefit from the boom in online shopping.
Apple (AAPL) – Apple was down 1% in early trading after warning that the negative impact of global chip shortages would worsen this quarter. That caution arose after Apple reported quarterly earnings of $ 1.30 per share, beating the consensus estimate of $ 1.01, and revenue also spiked according to the estimates.
Alphabet (GOOGLE) – Alphabet earned $ 27.26 per share last quarter, well above the consensus estimate of $ 19.34. The Google parent company revenue also exceeded estimates given the continued rise in online ad spend. Alphabet shares rose 3.9% early on the market.
Microsoft (MSFT) – Microsoft beat estimates by 25 cents with quarterly earnings of $ 2.17 per share, while revenue beat estimates due to continued strong growth in the company’s cloud computing business. Microsoft continues to benefit from the pandemic shift towards working and learning from home. Microsoft gained 1.4% in pre-market trading.
Starbucks (SBUX) – Starbucks earned an adjusted $ 1.01 per share last quarter, beating the consensus estimate of 78 cents, while also beating sales forecasts. However, the coffee chain said the higher cost of labor and supplies could continue in the coming months, and the stock fell 2.9% ahead of the market.
Visa (V) – Visa came 14 cents above consensus projections with adjusted quarterly earnings of $ 1.49 per share. Payment network revenues also exceeded estimates. Visa benefited from the rebound in travel and entertainment spending, but the stock lost 1.3% in early trading.
Advanced Micro Devices (AMD) – AMD shares rose 2.3% ahead of launch as the chipmaker forecasts current quarter earnings above analysts’ expectations. It predicts strong demand for chips used in game consoles and data centers after a quarter of beating Street’s estimates of sales and earnings.
Mattel (MAT) – Mattel beat estimates for its final quarter and also raised its full year forecast. The toy manufacturer expects continued strong demand for its Barbie and Hot Wheels brands, even if prices are to be increased. The shares rose by 5.4% before the IPO.
Teladoc Health (TDOC) – Teladoc lost 86 cents a share in the most recent quarter, more than Wall Street’s expected loss of 56 cents. Income exceeded forecasts, but the stock is under pressure as the telemedicine service provider’s membership growth turned out to be weaker than expected. In pre-market trading, the share lost 9.6%.