Check out the companies that make headlines before the clock:
PepsiCo (PEP) – The liquor and snack giant beat the estimates by a penny with adjusted quarterly earnings of $ 1.47 per share, and earnings were also above estimates. The company said it expects organic revenue and adjusted profit growth this year, and also announced a 5% dividend increase.
Generac (GNRC) – Generac’s shares rose 3% in market trading, after the back-up generator maker hit the top and bottom lines for the latest quarter, saying it had a net sales growth of 25 this year up to 30 percent expected.
Restaurant Brands (QSR) – The parent of Popeyes, Burger King and Tim Hortons missed estimates by 12 cents with adjusted quarterly earnings of 53 cents per share, while earnings were slightly above forecast. Shares fell about 2% ahead of the market as comparable restaurant sales fell more than expected.
Tempur Sealy (TPX) – The mattress maker’s shares rose 12% ahead of the market after accelerating forecasts by 15 cents, with adjusted quarterly earnings of 67 cents per share. Revenue has also made estimates, with Tempur Sealy saying it expects sales growth in 2021 to be 15% to 20%.
LabCorp (LH) – The medical lab operator reported adjusted quarterly earnings of $ 10.56 per share, well above the $ 8.11 consensus estimate, and revenue was also above forecast. The results were boosted by Covid-19 testing and the shares rose 3.6% ahead of the market.
Molson Coors (TAP) – The brewery’s shares fell 4.5% ahead of the market as adjusted quarterly earnings of 40 cents per share were reported, well below the 77 cents consensus estimate. Its results have been hampered by the ongoing Covid-19 restrictions for restaurants and bars.
Kraft Heinz (KHC) – Kraft Heinz shares rose 1.7% pre-market as they beat the top and bottom lines for the last quarter, and also saw the sale of its Planters snack business to Hormel (HRL ) for $ 3.35 billion. cash.
Uber Technologies (UBER) – Uber reported a quarterly loss of 54 cents per share, 2 cents less than expected, with revenue slightly below the estimate. Uber’s results have been helped by an expansion in its food delivery industry as well as cost reduction. Uber shares fell 3.8% ahead of the market.
Bumble (BMBL) – Bumble debuted in Wall Street today after hitting its initial public offering at $ 43 per share, above the already increased expected range of $ 37 to $ 39 per share. The dating service raised $ 2.2 billion in the IPO, giving the total value of more than $ 7 billion.
Sonos (SONO) – Sonos shares rose 17% in market trading after high-quality smart speaker manufacturers passed estimates on both the top and bottom lines in the latest quarter. Sonos was helped by stronger margins as no promotions were held during the quarter. It also increased its revenue guidelines for the full year.
iRobot (IRBT) – iRobot earned an adjusted 84 cents per share for the fourth quarter, well above the 84 cents consensus estimate, with revenue also comfortably above Wall Street’s forecasts. The manufacturer of the Roomba robot vacuum cleaner also provided strong revenue and profit guidance for the entire year. Shares rose 7.3% in pre-market trading.
Zillow Group (ZG) – Zillow beat estimates by 14 cents, with adjusted quarterly earnings of 41 cents per share, and the fixed-site operator also generated revenue. It also provided optimal revenue guidance and purchased the online platform ShowingTime.com for $ 500 million in cash. Zillow shares rose 12% in pre-market trading.
Zynga (ZNGA) – Frank Gibeau, CEO of Zynga, told Barron’s that the mobile game developer is open to a takeover bid, although he does not really want to sell the company. Zynga also reported a 61% increase in the key measure of net bookings during its most recent quarter, more than analysts had expected.
XPO Logistics (XPO) – XPO earned an adjusted $ 1.19 per share for the fourth quarter, well above the 67 cents consensus estimate. The logistics company also saw revenue above the forecast and provided a strong revenue guideline for the full year. XPO benefits from accelerated shipping of pandemic due to an explosion in online shopping.
Merck (HRC) – Merck is in talks with governments and other drug manufacturers to help produce already approved Covid-19 vaccines. The drugmaker did not specify which governments or other companies were involved in the talks.
Pinterest (PINS) – According to Microsoft’s letter to the Financial Times, Microsoft (MSFT) has been approached by Microsoft (MSFT) about a possible takeover. However, the report added that negotiations on a buyout of the image sharing business were not currently active.