Welcome to Extreme Investor Network, where we provide you with the latest updates on companies making headlines in the world of finance. Today, we’re diving into the premarket trading activity of some major players in the market.
First up, we have Pfizer, the New York City-based drugmaker, whose shares climbed over 2% after beating Wall Street’s first-quarter revenue forecast and raising its full-year profit guidance. This is great news for investors as Pfizer now expects adjusted earnings of $2.15 to $2.35 per share for the full year, up from a previous forecast.
On the flip side, CVS Health saw its shares tumble 12.4% after its first-quarter earnings and revenue fell short of estimates, leading to a cut in its full-year profit outlook. The company cited higher medical costs as the reason for the adjustment.
Marriott International also experienced a slip in its stock price, dropping 1.8% following weak earnings and current-quarter guidance. Estée Lauder, the beauty and skincare stock, saw a pullback of more than 5% after its earnings guidance for the fiscal fourth quarter missed Wall Street’s forecast.
In brighter news, Amazon’s stock added about 2% after posting strong first-quarter profits, despite its forecast for current quarter revenue growth falling slightly below the Street’s estimate. Pinterest, the social media platform, saw its shares soar 16% after surpassing Wall Street estimates on both the top and bottom line in the first quarter.
These are just a few highlights from the premarket trading activity today. Stay tuned to Extreme Investor Network for more updates and analysis on the ever-changing world of finance. Don’t miss out on the valuable insights we provide to help you stay ahead of the game.
