Stocks making the biggest moves premarket: Coca-Cola, HSBC, McDonald's and more

  • 📰 CNBC
  • ⏱ Reading Time:
  • 32 sec. here
  • 20 min. at publisher
  • 📊 Quality Score:
  • News: 79%
  • Publisher: 72%

Breaking News: Markets News

Economy,Breaking News: Economy,Stock Markets

These are some of the stocks posting the largest moves in premarket trading.

Check out the companies making headlines before the bell. McDonald's — Shares dipped nearly 2% in premarket trading after the Chicago-based fast food chain missed analysts' quarterly earnings estimates as same-store sales fell short of expectations. Worldwide sales rose by 1.9% in the quarter, lower than the 2.1% growth expected by analysts, according to FactSet. Stellantis — Shares of the Jeep maker, formerly known as Chrysler, lost 3.6% after revenue came in lower than expected .

Europe's largest bank by assets, added 4.2% after the firm beat first-quarter earnings expectations and announced the departure of its Group Chief Executive Officer, Noel Quinn. 's revenue for the period was $20.8 billion, up 3% from the same period a year ago and higher than analysts' forecast of $16.94 billion, according to LSEG. The bank also reiterated its 2024 financial guidance. Eli Lilly — Shares popped nearly 7% after the maker of the Mounjaro diabetes and weight loss drug reported first-quarter adjusted earnings of $2.58 per share, beating the consensus estimate of $2.46, according to LSEG.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coca-Cola Earnings Preview: AI-Based Improvements to Show Up in Operating MarginsStocks Analysis by Brian Gilmartin covering: Coca-Cola Co. Read Brian Gilmartin's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Coca-Cola Q1 earnings and revenue surpasses analyst consensus expectationsCoca-Cola Q1 earnings and revenue surpasses analyst consensus expectations
Source: Investingcom - 🏆 450. / 53 Read more »

Coca-Cola tops earnings estimates, hikes revenue outlook on higher pricesShares of Coke have fallen 3.5% over the last year, dragging the company's market value down to $267 billion.
Source: CNBC - 🏆 12. / 72 Read more »