PepsiCo, General Electric, UPS and others
Check out the companies that make headlines in trading before the market.
PepsiCo – The shares of the food and beverage giant fell in the advance market, although the company reported a hit on the top and bottom line in the last quarter as consumers paid more for some of the company’s key brands.
General Electric – General Electric’s share fell 3.5% despite peak estimates in the quarterly report. The company confirmed its previous year-round earnings guide and said it sees challenges from inflation and supply chain problems.
United Parcel Services ̵[ads1]1; Shares of the freight and logistics giant rose 1.7% after beating analyst estimates at the top and bottom line. UPS reported adjusted earnings per share of $ 3.05 on revenue of $ 24.38 billion, while analysts expected $ 2.88 in earnings per share of $ 23.79 billion in revenue.
3M – 3M shares were flat pre-markets after reporting quarterly results that topped the estimates. The company had revenue of $ 8.83 billion while analysts expected revenue of $ 8.74 billion.
DR Horton – The house builder share rose 2.8% during pre-market trading after beating analyst estimates in the previous quarter. DR Horton reported adjusted earnings of $ 4.03 per share on revenue of $ 8 billion. Analysts expected $ 3.37 adjusted earnings per share of $ 7.62 billion in revenue.
SeaWorld – The share of the theme park and entertainment company rose by 4.6% after Rosenblatt Securities started coverage with a purchase and said that despite the pandemic headwind, the company has done well under the vision of major investor Scott Ross.