Take a look at the companies leading the titles in pre-market trading.
PepsiCo – Shares of the food and beverage giant fell in the pre-market, although the company reported a decline in the top and bottom lines in the last quarter, as consumers paid more for some of the company’s key brands.
General Electric – Shares of General Electric fell 3.5% despite high estimates in its quarterly report. The company confirmed its previous full-year profit range and said it saw challenges from inflation and supply chain problems.
United Parcel Services – Shares of the shipping and logistics giant rose 1.7% after exceeding analysts’ estimates of the highest and lowest lines. UPS reported adjusted earnings per share of $ 3.05 on revenue of $ 24.38 billion, while analysts expect $ 2.88 earnings per share on revenue of $ 23.79 billion.
Shares of 3M – 3M were insignificant pre-market after reporting quarterly gains that exceeded forecasts. The company reported revenue of $ 8.83 billion, while analysts expected revenue of $ 8.74 billion.
DR Horton – Shares of home builders rose 2.8% during pre-market trading after surpassing analysts’ estimates in the previous quarter. DR Horton reported adjusted earnings of $ 4.03 per share on revenue of $ 8 billion. Analysts expected adjusted earnings of $ 3.37 per share on $ 7.62 billion in revenue.
SeaWorld – Shares of the theme park and entertainment company rose 4.6% after Rosenblatt Securities began buying coverage and said that despite the pandemic headwinds, the company performed well under the vision of big investor Scott Ross.
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