Pfizer, Under Armour and CVS Health Rise Premarket

HomeMarkets

Pfizer, Under Armour and CVS Health Rise Premarket

Stocks in focus in premarket trade on Tuesday, May 4th. Please refresh for updates. Pfizer (NYSE:PFE) stock rose 0.9% after the drugmaker raised it

Shares in Tod’s jump after LVMH agrees to raise stake
Airbus to avoid redundancies in Germany, France, Britain
Prosus nets $14.6 billion from sale of Tencent stake

Stocks in focus in premarket trade on Tuesday, May 4th. Please refresh for updates.

Pfizer (NYSE:PFE) stock rose 0.9% after the drugmaker raised its annual sales forecast for the Covid-19 vaccine it co-developed with Germany’s BioNTech, as a vaccination drive across the globe intensifies.

CVS Health (NYSE:CVS) stock rose 2.1% after the pharmacy chain operator reported a stronger than expected first-quarter profit and raised its 2021 earnings forecast, posting higher drug store sales due to Covid-19 vaccinations and testing.

Thomson Reuters (NYSE:TRI) stock rose 0.5% after the media conglomerate reported higher quarterly revenue and operating profit and said its full-year sales growth will be at the high end of its original estimates.

Under Armour (NYSE:UA) stock rose 1.8% as the sports apparel maker raised its annual profit and sales forecasts after reporting a 35% jump in quarterly revenue. It also agreed to pay $9 million to settle Securities and Exchange Commission charges that it misled investors about its revenue growth.

Dupont De Nemours (NYSE:DD) stock rose 0.4% after the industrial materials maker raised its full-year profit and revenue forecasts and exceeded first-quarter expectations, boosted by demand from chip companies as well as a recovery in automobile markets.

KKR (NYSE:KKR) stock rose 2.2% after the private-equity firm said its first-quarter after-tax distributable earnings surged 63% year-on-year, driven by growth in its capital markets business and public market holdings.

Apollo Global Management (NYSE:APO) stock rose 0.9% after the investment firm’s first-quarter distributable earnings rose 78%, driven by growing management fees from its sprawling credit business and a surge in asset sales from its private equity portfolio.

XPO Logistics (NYSE:XPO) stock fell 0.7% despite the logistics solutions company reporting better-than-expected quarterly earnings and revenue on the strength of its trucking and logistics business. The stock hit an all-time intraday high ahead of its first-quarter earnings report.

Avis Budget (NASDAQ:CAR) stock fell 1.5% after the car rental company topped Wall Street estimates for first-quarter revenue, with more people traveling again after getting vaccinated. Still, the Americas division, the company’s largest market, posted a 14% fall in revenue versus last year, while revenue from its international segment fell 41%.

Vaxart (NASDAQ:VXRT) stock rose 18% after the biotech company reported positive results in a phase 1 trial of its oral Covid-19 vaccine.

COMMENTS

WORDPRESS: 0
DISQUS: 0