Welcome to Extreme Investor Network, where we bring you the latest news and updates on the stock market. Today, we are highlighting some of the companies that are making headlines before the bell.
Boeing started the day with a 3% jump in its shares after posting a narrower-than-expected loss in its latest results. The company reported an adjusted loss of $1.13 per share in the first quarter, surpassing analyst estimates. Revenue also topped expectations at $16.57 billion.
Airbnb saw a 2% increase following an upgrade by Mizuho to buy from neutral. Mizuho cited several catalysts for the upgrade, including the potential launch of sponsored listings and additional demand from the Summer Olympics. The new price target of $200 suggests a 24% upside.
Biogen experienced a more than 6% rise in its stock price after beating analyst estimates with earnings of $3.67 per share. The company attributed its success to cost-cutting efforts and strong sales of its Alzheimer’s drug Leqembi.
Tesla bounced back with a 12% increase in premarket trading after CEO Elon Musk announced plans to start production of a new affordable EV model by early 2025. Despite disappointing first-quarter earnings, Tesla remains optimistic about future growth.
Visa also saw a 2% rise in its shares after reporting stronger than expected results for the second fiscal quarter. The payment company earned an adjusted $2.51 per share on $8.78 billion of revenue, beating analyst forecasts.
These are just a few of the companies making waves in the stock market today. Stay tuned to Extreme Investor Network for more updates and insights to help you make informed investment decisions.
