Premarket Highlights: Estee Lauder, Nvidia, McDonald’s, Caterpillar, and Other Stocks in the Spotlight
Estee Lauder Surges 15% as Q2 Earnings Beat Estimates: Adjusted earnings reach 88 cents per share, surpassing the expected 54 cents, with revenue at $4.28 billion, beating the anticipated $4.19 billion.
Catalent's Shares Soar Over 12% as Novo Holdings Seals All-Cash Acquisition at $63.50 Per Share, Valuing Catalent at $16.5 Billion.
"Caterpillar Surges Over 4% on Q4 Earnings Beat: Adjusted EPS at $5.23, Revenue Hits $17.07 Billion, Strong North American Sales."
Air Products and Chemicals Shares Plummet 9% on Q1 Earnings Miss; Adjusted Earnings at $2.82 per share, Below Analyst Expectations of $3.00; Revenue Falls Short at $3.00 billion vs. Consensus of $3.20 billion.
GlobalFoundries Stock Drops 2% as JPMorgan Downgrades to Neutral, Citing Weakening Manufacturing Activity.
Chipmaker's Stock Surges 3% as Goldman Sachs Raises Price Target to $800, Citing Strong Demand for Accelerated Computing Ahead of Quarterly Results.
McDonald's Shares Dip as Mixed Quarterly Results Show Earnings of $2.95 per share on $6.41 billion in Revenue, Slightly Missing Analyst Expectations; Revenue Affected by Middle East Conflict.