Comcast, Caterpillar, Merck and more

Check out the companies making headlines before the bell:

Comcast (CMCSA) — The parent company of NBCUniversal and CNBC reported adjusted quarterly earnings of 87 cents per share, 12 cents above estimates. Revenue also beat expectations with cable and broadband revenue growth, and the stock jumped 3% in the primary market.

Caterpillar (CAT) Caterpillar shares rose 2.5% in the primary market after the heavy equipment manufacturer beat its final third-quarter earnings estimates despite a slight revenue shortfall. Adjusted earnings were $2.66 per share compared to the consensus estimate of $2.20, amid rising demand in the construction industry.

Merck (MRK) — The drug company beat estimates by about 20 cents with adjusted quarterly earnings of $1.75 per share, with revenue also above estimates of strong sales of vaccines and cancer drugs. Merck shares rose 2.2% in pre-market trading.

Tempur Sealy (TPX) — Shares of the mattress company added 2.5% in the primary market after it reported adjusted quarterly profit of 88 cents per share, 3 cents above estimates. Revenue was also higher than analysts’ expectations, with a strong increase in sales particularly in international markets.

Ford (F) – Ford (F) is up 9.5% in premarket trading, having earned an adjusted 51 cents a share for the third quarter, well above the consensus estimate of 27%. Ford also increased its full-year guidance amid strong demand, even though inventory has been reduced due to a worldwide chip shortage. The automaker said supply chain restrictions should slowly ease this quarter and throughout 2022.

eBay (EBAY) – eBay beat estimates by 1 cent with adjusted quarterly earnings of 90 cents per share, and revenue from the online market operator beat expectations. However, the stock fell 5.1% in pre-market actions as eBay issued weaker-than-expected guidance for the current quarter.

ServiceNow (NOW) – ServiceNow came in 17 cents ahead of estimates with adjusted quarterly earnings of $1.55 per share and analyst projects also outpacing revenue. The HR services provider provided guidance only in line with expectations, contributing to a 2.5% pre-market share price drop.

WPP Group (WPP) – WPP handily beat expectations with third-quarter results, and the advertising agency operator also raised sales guidance as companies seek to capitalize on strong consumer spending with new advertising campaigns. WPP is up 7.4% in the primary market.

Anheuser-Busch InBev (BUD) — The company reported a surprise quarterly profit increase, and the brewer also raised its earnings forecast for 2021. AB InBev is getting a boost from strong beer sales, particularly in Brazil, and its shares are up 10.2% in the primary market. .

Align Technology (ALGN) – Align is up 8.4% in premarket trading after beating estimates by 27 cents with adjusted quarterly earnings of $2.87 per share. The manufacturer of the invisible brace system, Invisalign, also reported better-than-expected revenue.

Dormant Number (SNBR) – The dormant number earned $2.22 per share last quarter, well above the consensus estimate of $1.44, with revenue easily exceeding expectations. The mattress maker also released a slightly better-than-expected full-year earnings outlook, and its shares rose 7.8% in the primary market.


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