By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Tuesday, May 4th. Please refresh for updates.
Pfizer (NYSE:PFE) stock rose 0.9% after the drugmaker raised its annual sales forecast for the Covid-19 vaccine it co-developed with Germany's BioNTech, as a vaccination drive across the globe intensifies.
CVS Health (NYSE:CVS) stock rose 2.1% after the pharmacy chain operator reported a stronger than expected first-quarter profit and raised its 2021 earnings forecast, posting higher drug store sales due to Covid-19 vaccinations and testing.
Thomson Reuters (NYSE:TRI) stock rose 0.5% after the media conglomerate reported higher quarterly revenue and operating profit and said its full-year sales growth will be at the high end of its original estimates.
Under Armour (NYSE:UA) stock rose 1.8% as the sports apparel maker raised its annual profit and sales forecasts after reporting a 35% jump in quarterly revenue. It also agreed to pay $9 million to settle Securities and Exchange Commission charges that it misled investors about its revenue growth.
Dupont De Nemours (NYSE:DD) stock rose 0.4% after the industrial materials maker raised its full-year profit and revenue forecasts and exceeded first-quarter expectations, boosted by demand from chip companies as well as a recovery in automobile markets.
KKR (NYSE:KKR) stock rose 2.2% after the private-equity firm said its first-quarter after-tax distributable earnings surged 63% year-on-year, driven by growth in its capital markets business and public market holdings.
Apollo Global Management (NYSE:APO) stock rose 0.9% after the investment firm’s first-quarter distributable earnings rose 78%, driven by growing management fees from its sprawling credit business and a surge in asset sales from its private equity portfolio.
XPO Logistics (NYSE:XPO) stock fell 0.7% despite the logistics solutions company reporting better-than-expected quarterly earnings and revenue on the strength of its trucking and logistics business. The stock hit an all-time intraday high ahead of its first-quarter earnings report.
Avis Budget (NASDAQ:CAR) stock fell 1.5% after the car rental company topped Wall Street estimates for first-quarter revenue, with more people traveling again after getting vaccinated. Still, the Americas division, the company's largest market, posted a 14% fall in revenue versus last year, while revenue from its international segment fell 41%.
- Vaxart (NASDAQ:VXRT) stock rose 18% after the biotech company reported positive results in a phase 1 trial of its oral Covid-19 vaccine.