Meta Platforms, Hasbro and Comcast rise premarket; First Republic fall
Investing.com -- Stocks in focus in premarket trade on Thursday, April 27th. Please refresh for updates.
Meta Platforms (NASDAQ:META) rose 12% after the Facebook parent reported a 4.1% jump in ad revenue in the first quarter, recording growth for the first time in almost a year, helped by a solid performance by Reels, the tech giant's answer to the craze for TikTok-like short-form videos.
Caterpillar (NYSE:CAT) stock rose 0.4% after the heavy machinery maker reported a rise in first quarter profit as a boost in U.S. infrastructure spending kept its order books full.
Hasbro (NASDAQ:HAS) stock rose 5% after the toy maker beat expectations for quarterly revenue, boosted by strong growth in the company's digital gaming segment.
Merck (NYSE:MRK) stock rose 1.2% after the drugmaker posted better-than-expected first quarter results, helped by the strength of its blockbuster cancer immunotherapy Keytruda.
eBay (NASDAQ:EBAY) stock rose 3% after the e-commerce company forecast current-quarter revenue above earlier estimates after beating March-quarter earnings expectations, as it benefits from its strategy of focusing on product categories including sneakers and watches.
First Republic Bank (NYSE:FRC) stock declined 0.8%, continuing to fall after the heavy losses of the previous two sessions as investors fret about the likelihood of a deal to secure its finances.
Domino’s Pizza (NYSE:DPZ) stock rose 4.7% after the fast food company beat estimates for first quarter U.S. same-store sales, boosted by higher prices as well as new promotional offers and menu items.
American Airlines (NASDAQ:AAL) stock rose 0.7% after the carrier forecast second quarter profit above estimates as travel demand stays strong in the face of a looming recession.
Comcast (NASDAQ:CMCSA) stock rose 4.6% after the media giant’s quarterly revenue beat expectations, helped by sustained demand for its broadband services and higher theme park attendance.
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