McDonald’s CorporationMcDonald's beat adjusted EPS estimates, though revenue missed.
Several major companies saw significant premarket stock moves following their latest quarterly earnings reports. McDonald's gained 1.9% after posting adjusted earnings of $3.38 per share, beating the LSEG consensus of $3.32, though revenue of $7.1 billion missed the expected $7.13 billion. Caterpillar climbed 8% after reporting adjusted earnings of $8.17 per share on revenue of $20.54 billion, both exceeding analyst expectations of $6.20 per share and $19.34 billion. Palantir Technologies surged 15% on second-quarter results driven by a nearly 150% jump in U.S. commercial revenue. Merck rose more than 1% after losing an adjusted 13 cents per share on revenue of $16.61 billion, better than the anticipated loss of 27 cents per share on $16.36 billion, and raised its full-year revenue guidance. Pfizer gained after beating estimates with adjusted earnings of 77 cents per share on revenue of $15.03 billion and increasing the low end of its full-year revenue outlook. On Semiconductor jumped 7% on better-than-expected second-quarter results and margins. Snap rose 5% after revenue of $1.6 billion topped the $1.54 billion estimate, with global daily active users and average revenue per user also exceeding expectations. Whirlpool was little changed after a larger-than-expected adjusted loss of 21 cents per share and a lowered full-year earnings forecast. Wayfair fell 4% despite beating estimates with earnings of 95 cents per share on revenue of $3.52 billion. DigitalOcean plunged 11% even though second-quarter earnings of 45 cents per share on revenue of $281 million surpassed analyst expectations.
McDonald’s CorporationMcDonald's beat adjusted EPS estimates, though revenue missed.
Whirlpool CorporationLarger-than-expected loss and lowered full-year forecast.
Wayfair IncBeat earnings estimates despite revenue miss.
Merck & Company IncMerck beat earnings estimates and raised full-year revenue guidance.
Pfizer IncBeat earnings estimates and raised full-year revenue outlook.
Caterpillar IncCaterpillar beat earnings and revenue estimates, with adjusted EPS of $8.17 vs $6.20 expected.
DigitalOcean Holdings IncDigitalOcean plunged 11% despite beating earnings and revenue estimates, likely due to guidance or market reaction.
ON Semiconductor CorporationON Semiconductor beat second-quarter results and margins, leading to a 7% gain.
Palantir Technologies Inc.Surged 15% on Q2 results with nearly 150% jump in U.S. commercial revenue.
Snap IncRevenue beat estimates with strong user metrics.
Merck KGaA
Whirlpool China Co Ltd