Check out the companies that made headlines hours ago:
Twitter (TWTR) – Tesla CEO Elon Musk – currently Twitter’s largest shareholder – is in cash. The proposed deal would cost Twitter more than $ 43 billion.
Goldman Sachs (GS) – Goldman Sachs shares rose 2.2% in the pre-market while Investment Bank reported better-than-expected first-quarter profit and revenue. Goldman noted that a “rapidly evolving market environment” has had a significant impact on quarterly client activity.
Morgan Stanley (MS) – Morgan Stanley earned $ 2.02 per share for the first quarter, surpassing the অনু 1.68 consensus estimate, with revenue also coming in at the top estimate. The bank said happy results came despite market volatility and economic uncertainty, and the stock rose 2.3% in the primary market.
Wells Fargo (WFC) – Wells Fargo reported consistent quarterly earnings of 88 cents per share, 8 cents higher than expected, but slightly below revenue analyst estimates. The bank said it would help by raising interest rates, but the Fed’s aggressive move and the war in Ukraine downgraded the risk of economic growth. The stock fell 3.2% in the primary market.
UnitedHealth Group (UNH) – Health insurers reported a consistent quarterly profit of $ 5.49 per share, 11 cents higher than expected, and revenue also topped the Wall Street forecast. The results helped boost the company’s Medicare Advantage business and raised its outlook for the year.
Right Aid (RAD) – The drugstore operator lost a consistent 63 1.63 per share for its most recent quarter, exceeding the 57 percent loss expected by Wall Street analysts, although revenue exceeded estimates. Right Aid also predicted a fiscal 2023 loss that fell short of analysts’ expectations, as well as details of a cost-cutting program. Shares in premarket trading rose as much as 5.5% before retreating.
UPS (UPS) – Loop Capital said UPS rose 1% after upgrading it from “hold” to “buy”, saying the call was largely based on an attractive valuation for delivery service stock.
Western Digital (WDC), Seagate Technology (STX) – Susquehanna Financial has downgraded both hard disk drive makers, moving from “positive” to “neutral” and “neutral” to Western Digital in anticipation of weak demand. Seagate lost 3.3% while Western Digital fell 3% in premarket trading.
Rent the Runway (Rental) – The fashion rental company’s stock was volatile in pre-market trading because of a small-expected loss, as well as revenue and profit margins that exceeded the road forecast. The stock initially plunged into off-hour trading as investors focused on a milder-than-expected forecast for the current quarter, then moved higher before losing again.