Ford – Stocks Surged by 4%
The share prices of Ford have experienced a 4% surge in premarket trading. According to sources, the automaker has experienced a surge after sharing its earnings for the first quarter of 2022.
The executives at Ford confirmed they generated higher than expected earnings for the respective quarter. The automaker executives revealed that they generated revenue worth $32.1 billion and earnings worth 38 cents per share for the respective.
The revenue that the analysts had predicted for the respective quarter was worth $31.13 billion and earnings worth 31 cents per share.
The executives revealed that they could have generated much higher profits than they have in the first quarter. However, they increased their stake in the electric vehicle sector has lowered the profits they generated. The company has started gaining a lot from its electric vehicle segment and this is the reason why it is making huge investments in the particular sector to increase its sales.
Amgen – Shares Dipped by 5%
The share prices for Amgen experienced a 5% drop in premarket trading. The share prices for the company experienced a dip even after revealing that they generated high earnings for the previous quarter. It is being assumed that the reason behind the share price loss for Amgen is its ongoing dispute with IRS. According to sources, Amgen is currently after back taxes and is under a dispute with IRS.
Las Vegas Sands – Shares Dipped by 2%
The share prices for Las Vegas Sands have experienced a 2% dip in premarket trading. Las Vegas Sands experienced the dip after sharing its earnings results that were reportedly weaker than the estimations made by the analysts.
The casino and resort company has revealed that it is due to the disruptions created by COVID-19 they have faced a constant downtrend in their business.
Pinterest – Shares Soared by 11%
The share prices for Pinterest experienced an 11% elevation in the premarket trading. The share prices for Pinterest experienced a surge after sharing its earnings for the first quarter of 2022. Pinterest revealed that it generated higher revenue and earnings in the respective quarter.
Furthermore, Pinterest mentioned the loss of users on a yearly basis. According to their stats, their annual loss of monthly active users is 9%. At present, the user base on Pinterest’s platform is 433 million.
Mattel – Shares Uplifted by 3.3%
The share prices of Mattel have experienced a 3.3% surge in premarket trading. The share prices for Mattel experienced a surge after sharing its earnings for the recent quarter of 2022. Mattel reported that in the first quarter of 2022, its revenue and profit generation experienced a great surge.