Check out the companies making headlines before the bell:
PepsiCo (PEP) – The big drink and snack hit a penny with adjusted quarterly earnings of $ 1.47 per serving, and revenue was above estimates as well. The company said it expects to see organic revenue and adjusted profit growth this year, and also announced a 5% share increase.
Generac (GNRC) – Generac shares rose 3% in pre-market trading after the manufacturer of backup generators beat estimates on the top and bottom lines for its latest quarter, it said. that they expected net sales growth of 25 to 30 percent this year.
Restaurant Brands (QSR) – Parent Popeyes, Burger King and Tim Hortons lost estimates by 12 cents with a adjusted quarterly earnings of 53 cents per share, while revenue was slightly above expectations. Shares fell about 2% pre-market as restaurant sales fell more than expected.
Tempur Sealy (TPX) – Cigarette maker shares rose 12% pre-market after beating a 15-penny forecast with a modified quarterly earnings of 67 cents per share. Estimates also beat revenue, and Tempur Sealy said it expected 2021 sales growth of 15% to 20%.
LabCorp (LH) – The medical lab operator reported a adjusted quarterly earnings of $ 10.56 per share, well above the consensus estimate of $ 8.11, and revenue was above the forecast as well. Its results were spurred by the Covid-19 test, and shares rose 3.6% pre-market.
Molson Coors (TAP) – Beer Brewery shares were down 4.5% pre-market as they reported adjusted quarterly earnings of 40 cents per share, well below the 77-cent consensus estimate. Its results were marred by Covid-19’s persistent restrictions for restaurants and bars.
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Uber Technologies (UBER) – Uber reported a quarterly loss of 54 cents per share, 2 cents less than expected, with revenue slightly below estimates. Uber’s products have been helped by expansion in its food delivery business as well as cost reduction. Uber shares were down 3.8% pre-market.
Bumble (BMBL) – Bumble makes its debut on Wall Street today after costing its first public offering at $ 43 per share, above the range already expected between $ 37 and $ 39 per share. The service raised $ 2.2 billion in dates in the IPO, giving it a total value of more than $ 7 billion.
Sonos (SONO) – Sonos shares jumped 17% in pre-market trading, after high-end smart speaker maker hit estimates on both the top and bottom lines in its latest quarter . Sonos was helped by stronger margins as no boost was maintained in the fourth. He also raised his full-year revenue management.
iRobot (IRBT) – iRobot earned 84 cents per share for the fourth quarter, well above the consensus estimate of 84 cents, with revenue also surpassing Wall Street’s forecast. Robotic cleaner maker Roomba also provided full-year revenue and profit management. Shares rose 7.3% in pre-market trading.
Zillow Group (ZG) – Zillow beat estimates by 14 cents with adjusted quarterly earnings of 41 cents per share, with a real estate website operator also receiving a revenue beat. He also led progressive revenue management, and announced the construction of ShowingTime.com’s home-schedule-viewing platform for $ 500 million in cash. Zillow shares rose 12% in pre-market trading.
Zynga (ZNGA) – Zynga CEO Frank Gibeau told Barron that the mobile game developer is open to a build offer, although he is not actively looking to sell the company. Zynga also reported a 61% jump in the key metric of net registrations in its most recent quarter, more than analysts expected.
XPO Logistics (XPO) – The modified XPO earned $ 1.19 per share for the fourth quarter, well above the 67-cent consensus estimate. The logistics company saw revenue above forecasts and provided full-year earnings guidance. XPO is benefiting from pandemic acceleration in shipping activity as a result of an explosion in online shopping.
Merck (MRK) – Merck is in talks with both governments and other drug dealers to help make Covid-19 vaccines that have already been approved. The drug dealer did not specify which governments or other companies were involved in these negotiations.
Pinterest (PINS) – Microsoft (MSFT) has spoken to Pinterest about a possible takeover a few months ago, according to a summary of people on the issue who spoke to the Financial Times. However, the report said negotiations on the buy-out of the image-sharing company were not currently active.