Check out the companies that make the headlines before the doorbell rings:
Comcast (CMCSA) – The parent company of NBCUniversal and CNBC reported adjusted quarterly earnings of 87 cents per share, 12 cents above estimates. Revenue also beat forecasts as cable and broadband revenue grew and its pre-market share rose 3%.
Caterpillar (CAT) – Caterpillar shares rose 2.5% pre-IPO after the heavy equipment maker beat earnings estimates for the third quarter despite a slight decline in sales. Adjusted earnings were $ 2.66 per share, compared to a consensus estimate of $ 2.20 given increased demand in the construction industry.
Merck (MRK) – The drug maker beat estimates by 20 cents with adjusted quarterly earnings of $ 1.75 per share, with sales also beating estimates due to stronger sales of vaccines and cancer drugs. Merck gained 2.2% in pre-trading.
Tempur Sealy (TPX) – The mattress company's shares advanced 2.5% after reporting adjusted quarterly earnings of 88 cents per share, 3 cents above estimates. Sales were also above the analysts' forecasts, and sales rose sharply in the international markets in particular.
Ford (F) – Ford gained 9.5% in pre-market trading after earning an adjusted 51 cents per share in the third quarter, well above the consensus estimate of 27 cents. Ford also raised its guidance for the full year amid strong demand, despite global chip shortages squeezing inventory levels. The automaker said supply chain constraints should slowly ease this quarter and throughout 2022.
eBay (EBAY) – eBay exceeded the estimates by 1 cent with adjusted quarterly profit of 90 cents per share and the sales of the online marketplace operator also exceeded the forecasts. However, the stock lost 5.1% ahead of its IPO as eBay released weaker-than-expected forecasts for the current quarter.
ServiceNow (NOW) – ServiceNow was 17 cents above estimates, with adjusted quarterly earnings of $ 1.55 per share and revenue that also exceeded analyst projects. The personnel service provider only issued a forecast and contributed to a pre-market price decline of 2.5%.
WPP Group (WPP) – WPP's third quarter results slightly outperformed forecasts, and the advertising agency operator has also raised its sales forecasts as companies try to capitalize on strong consumer spending with new ad campaigns. WPP gained 7.4% in the premarket.
Anheuser-Busch InBev (BUD) – The company reported a surprising surge in quarterly earnings, and the brewer also raised its profit forecast for 2021. AB InBev is benefiting from stronger beer sales, particularly in Brazil, and its shares rose 10.2% in the premarket.
Align Technology (ALGN) – Align gained 8.4% in pre-trading hours after beating estimates by 27 cents on adjusted quarterly earnings of $ 2.87 per share. The manufacturer of the invisible braces system Invisalign also reported better than expected sales.
Sleep Number (SNBR) – Sleep Number earned $ 2.22 per share last quarter, well above the consensus estimate of $ 1.44, with revenue slightly beating projections. The mattress maker also gave a slightly better than expected full year earnings outlook, with its stocks rising 7.8% ahead of the market.