A woman holds a smartphone with the Meta logo in front of Facebook’s new rebranding logo, Meta, in this illustration photo taken on October 28, 2021.
Given Ruvic | Reuters
Take a look at the companies that make headlines in Thursday’s premarket trading.
Goal — Shares of Facebook’s parent company soared more than 16% in premarket trading after the tech company reported better-than-expected quarterly earningsyes Daily active users, which declined in the fourth quarter for the first time, rebounded somewhat and beat analyst expectations, according to StreetAccount. The rebound came despite a loss of revenue. The shares fell 48% in the year before the results.
teladoc — Teladoc stock price plunged 43% after the telehealth company reported an earnings loss as well as disappointing earnings guidance. Teladoc reported a loss of $41.58 per share and generated revenue of $565.4 million. Analysts polled by FactSet had expected a loss of 60 cents a share on revenue of $568.7 million.
mcdonald’s — Shares of the restaurant chain gained 2% in premarket trading after first quarter revenue was higher than expected. McDonald’s reported first-quarter revenue of $5.67 billion versus the $5.59 billion expected by analysts, according to Refinitiv. The company saw same-store sales growth of 3.5% in the US and even higher in international markets.
Southwest Airlines — Shares of the airline rose more than 3% in premarket trading after the company presented an upbeat outlook. Southwest said it expected its second-quarter revenue to rise 8% to 12% from the same period in 2019, before the pandemic. For the first quarter, the company reported a loss of 32 cents per share, slightly higher than the 30 cents expected by analysts, according to Refinitiv. First quarter revenue slightly exceeded expectations.
PayPal — Shares of the payments company rose 3.4% in early trading after beating revenue estimates for the first quarter and posting a slight increase in payments volume. The share price rose despite issuing weak guidance for the second quarter and full year.
Eli Lilly — Shares of the drugmaker gained 3.4% in premarket trading after the company reported results of a clinical trial showing its anti-obesity drug tirzepatide helped patients lose weight. up to 22.5% of its weight. Eli Lilly also reported better-than-expected earnings and revenue for the first quarter and boosted its full-year revenue guidance.
pinterest — Shares of the image-sharing company rose more than 8% on the back of better-than-expected earnings on Wednesday. Pinterest reported adjusted earnings of 10 cents per share and revenue of $575 million. By comparison, analysts surveyed by Refinitiv had expected earnings of 4 cents a share on revenue of $573 million.
Caterpillar — Shares in the global construction equipment maker fell more than 1% despite Caterpillar beating headline and economic estimates in the first quarter. The company earned $2.88 per share excluding elements of $13.59 billion in revenue. Analysts had expected the company to earn $2.60 a share on $13.4 billion in sales, according to estimates compiled by Refinitiv.
Qualcomm — Shares rose about 7% premarket after a better-than-expected quarterly report. Qualcomm posted adjusted earnings per share of $3.21 on revenue of $11.16 billion. Analysts had expected a profit of $2.95 per share on revenue of $10.63 billion, according to StreetAccount.
service now — ServiceNow shares rose more than 8% after the company’s first-quarter earnings report. The platform-as-a-service provider earned $1.73 per share on an adjusted basis and posted $1.72 billion in revenue. Wall Street was expecting $1.70 a share and $1.7 billion in revenue, according to data from StreetAccount.
— CNBC’s Yun Li, Tanaya Macheel, Hannah Miao, Jesse Pound and Pippa Stevens contributed to this report.