Market Update: Key Company Performances Before Opening Bell
As trading resumes, several companies are generating buzz due to significant changes in their stock performances following recent earnings announcements. Below is a summary of notable movements and reported results from the latest quarter.
Meta Platforms Inc.
The parent company of Facebook and Instagram saw its stock increase by approximately 3%. Reports indicated that the company has made staffing reductions within its Reality Labs division.
Alphabet Inc.
Shares of Alphabet, which oversees Google and YouTube, surged over 4%. The company reported first-quarter earnings that surpassed analyst predictions, earning $2.81 per share on $90.23 billion in revenue, exceeding expectations of $2.01 per share and $89.12 billion in revenue.
T-Mobile US Inc.
In contrast, T-Mobile’s stock dropped by 5.5% after falling short of subscriber growth expectations, adding 495,000 postpaid phone subscribers against an anticipated 504,000. Nonetheless, earnings and revenues for the quarter exceeded market forecasts.
Intel Corporation
Intel experienced a significant decline in its stock, falling by 7.2%. Investors reacted negatively to the company’s forecast for the upcoming quarter, projecting revenue of $11.8 billion—below the consensus estimate of $12.82 billion. The company also announced it plans to cut operational and capital expenses.
Gilead Sciences Inc.
The biopharmaceutical giant saw a dip of 3.9% in its stock price after reporting a quarterly revenue of $6.67 billion, which did not meet the $6.81 billion consensus from analysts. Gilead declared earnings of $1.81 per share, which slightly beat analyst expectations of $1.79.
Skechers USA Inc.
Skechers’ shares fell by 6% as the company announced lower-than-anticipated first-quarter revenue. Additionally, it withdrew its financial forecasts for 2025 due to uncertainties related to global trade policies, though its bottom-line results exceeded analyst predictions.
Charles Schwab Corporation
On a positive note, Charles Schwab’s stock rose by 1.4% following an upgrade from Goldman Sachs, which rated the stock as a buy, citing Schwab’s resilience amid broader market uncertainties.
Hasbro Inc.
Hasbro’s stock climbed about 1%, having soared 15% the previous day. Citigroup upgraded its investment opinion, emphasizing Hasbro’s strong performance in its Wizards of the Coast division, which mitigated concerns surrounding tariff policies.
Boston Beer Company, Inc.
Boston Beer’s shares increased nearly 3% after reporting earnings that exceeded expectations, with earnings of $2.16 per share on $453.9 million in revenue surpassing analyst forecasts of 56 cents per share on $435.6 million. However, the company warned that tariffs could affect its financial outlook for the year.
Looking Ahead
As these companies continue to navigate the unpredictable market environment, investors and stakeholders are keeping a close watch on their next moves. For those interested in deeper insights, CNBC Pro is hosting a LIVE event at the New York Stock Exchange, allowing attendees to engage with industry experts and gain valuable knowledge.
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