Uber, Pfizer, Chegg, Dell & Coinbase
Stocks of Uber Technologies advanced 8% after reporting first-quarter revenue of $8.83 billion. The ride-sharing company also posted a loss of 8 cents per share.
After beating earnings expectations, Pfizer shares advanced more than 1% in premarket trading.
Chegg: Shares plunged 42% in premarket trading after the CEO said he expects artificial intelligence to have a big impact on the rate of new customer growth.
Dupont de Nemours: Shares were down 5% in the premarket.
Arista Network: Shares retreated 8.54%. The decline came after Arista Networks said it expects cost moderation and growth fluctuations.
Stryker: Shares retreated 3.34% after full-year sales, and earnings per share will be negatively impacted if foreign exchange rates remain close to where they are today.
NXP Semiconductors: The chipmaker advanced about 5%. The earnings guidance for the second quarter was also better than expected.
Dell Technologies: Shares advanced nearly 3% in premarket trading.
Shares of the cryptocurrency exchange Coinbase retreated 1.42%. The firm also cited potential legal action by the US Exchange Commission in the March Wells notice as another objection.
BP: the US-registered shares of the British energy giant fell by about 5%. Its first-quarter earnings beat analysts’ expectations.
HSBC: The global bank saw its shares advance 6% in premarket trading since then. The company plans to buy back up to $2 billion in shares.
Marriott International: Hotel shares advanced 2%. The company reported $2.09 in adjusted earnings per share on revenue of $5.63 billion. Analysts polled for $1.85 in adjusted earnings per share on revenue of $5.42 billion.
Stocks retreated slightly as investors prepared for the Federal Reserve’s policy meeting:
- Dow Jones Industrial Average retreated by 442 points or 1.34%
- S&P 500 also retreated by 1.32%
- Nasdaq Composite by 0.92%
- Both small and large banks saw their stocks drop
