Check out some of the major premarket engines:
Kansas City Southern (KSU) – Rail operator shares rose 18.9% in premarket trade after Canadian National Railway (CNI) offered $ 325 per share in cash and shares to the company, surpassing a bid previous $ 275 per Canadian Pacific (CP) share). The Canadian national bid also includes $ 200 per share in cash, compared to the $ 90 Canadian bid for the Pacific. Canadian National fell 6.3%, while Canadian Pacific jumped 4%.
AutoNation (AN): The auto retailer earned a tight $ 2.79 per share during its last quarter, well above the agreed-upon estimate of $ 1.87, while revenue also exceeded estimates. Sales in the same store increased by 27% over the previous year. Shares jumped 2.5% in premarketing stock.
IBM (IBM): IBM reported quarterly earnings of $ 1.77 per share, surpassing consensus estimates by 14 cents per share. Revenue also exceeded forecasts. Its quarterly sales growth was the best in more than two years, helped by a strong performance of its cloud computing unit. Shares rose 3.4% in the premarket.
Procter & Gamble (PG): The consumer products company exceeded estimates by 7 cents per share, with a quarterly profit of $ 1.26 per share. Revenue also exceeded estimates. Among the positive factors of P&G: continuity of the demand for cleaning products. P&G also announced that it would raise prices in medium to high digit percentages for a variety of products in September.
Travelers (TRV): Strong underwriting results and improved investment helped travelers exceed estimates by 36 cents per share, with quarterly earnings of $ 2.73 per share. The company exceeded analysts ’expectations despite winter storms that doubled casualty losses compared to a year ago. Travelers also increased their dividend and added $ 5 billion to their stock repurchase program. Shares rose 1.7% in premarket trading.
Lockheed Martin (LMT) – The defense contractor’s quarterly results exceeded Wall Street estimates, and the company increased its year-round forecast for a number of financial metrics, including sales and cash flow. operations. However, revenue was well below analysts’ forecasts.
Johnson & Johnson (JNJ) – Johnson & Johnson reported quarterly earnings of $ 2.59 per share, compared to a consensual estimate of $ 2.34 per share. Revenue also exceeded forecasts, helped by a rise in medical devices and strong pharmaceutical sales.
United Airlines (UAL): United lost $ 7.50 per share during the first quarter, greater than the $ 7.08 loss analysts had forecast. The airline’s revenues were slightly below quarterly estimates, amid higher fuel costs and still sluggish demand due to the Covid-19 pandemic. United said it expects a return to profitability later this year. Shares fell 3.3% in premarketing stock.
British American Tobacco (BTI), Altria (MO) – These and other tobacco stocks remain under pressure this morning, following a report from the Wall Street Journal that the White House may order tobacco companies to cut nicotine levels in all cigarettes. British American Tobacco lost 3% in the pre-market, while Altria fell 2.3%.
Tesla (TSLA) – Elon Musk, CEO of Tesla, said company controls indicated the “Autopilot” feature did not occur during a fatal crash in Texas over the weekend that killed two people. Police are still investigating, but say no one was behind the wheel when the car crashed into a tree. Tesla fell 1% in the premarket.
Zions Bancorp (ZION): Zions reported quarterly earnings of $ 1.90 per share, compared to the agreed-upon estimates of $ 1.16 per share. Revenue also hovered above estimates. The bank cited an improving credit environment and what it called a “substantial reversal” of the provisions for loan losses it had instituted at the heart of the pandemic.
Apple (AAPL): Apple plans to hold a virtual event today in which they are expected to introduce new iPads, iMacs and “AirTags” that allow users to track devices they want to avoid the wrong place.
Xerox (XRX): Xerox fell 2.8% in premarket trading after losing estimates of 8 cents per share, with a quarterly profit of 22 cents per share. Revenue exceeded forecasts. Xerox continued to see the impact of offices that remained closed due to the pandemic.