Get 40% Off
💎 WSM is up +52.1% since our AI picked it in December! Unlock all premium stock picksUnlock now

Meta Platforms, Hasbro and Comcast rise premarket; First Republic fall

Published 04/27/2023, 07:56 AM
Updated 04/27/2023, 08:19 AM
© Reuters

© Reuters

Investing.com -- Stocks in focus in premarket trade on Thursday, April 27th. Please refresh for updates.

  • Meta Platforms (NASDAQ:META) rose 12% after the Facebook parent reported a 4.1% jump in ad revenue in the first quarter, recording growth for the first time in almost a year, helped by a solid performance by Reels, the tech giant's answer to the craze for TikTok-like short-form videos.

  • Caterpillar (NYSE:CAT) stock rose 0.4% after the heavy machinery maker reported a rise in first quarter profit as a boost in U.S. infrastructure spending kept its order books full.

  • Hasbro (NASDAQ:HAS) stock rose 5% after the toy maker beat expectations for quarterly revenue, boosted by strong growth in the company's digital gaming segment.

  • Merck (NYSE:MRK) stock rose 1.2% after the drugmaker posted better-than-expected first quarter results, helped by the strength of its blockbuster cancer immunotherapy Keytruda.

  • eBay (NASDAQ:EBAY) stock rose 3% after the e-commerce company forecast current-quarter revenue above earlier estimates after beating March-quarter earnings expectations, as it benefits from its strategy of focusing on product categories including sneakers and watches.

  • First Republic Bank (NYSE:FRC) stock declined 0.8%, continuing to fall after the heavy losses of the previous two sessions as investors fret about the likelihood of a deal to secure its finances.

  • Domino’s Pizza (NYSE:DPZ) stock rose 4.7% after the fast food company beat estimates for first quarter U.S. same-store sales, boosted by higher prices as well as new promotional offers and menu items.

  • American Airlines (NASDAQ:AAL) stock rose 0.7% after the carrier forecast second quarter profit above estimates as travel demand stays strong in the face of a looming recession.

  • Comcast (NASDAQ:CMCSA) stock rose 4.6% after the media giant’s quarterly revenue beat expectations, helped by sustained demand for its broadband services and higher theme park attendance.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.