PayPal – Shares Surged by 3.4%
The share prices for PayPal experienced a 3.4% surge in the premarket trading. The share prices for PayPal experienced a surge after sharing its earnings for the first quarter of 2022. PayPal reported that it successfully beat the revenue estimations for the first quarter of 2022.
The online payment services platform also reported that it has experienced a surge in the volume of payments as well. PayPal also shared its guidance for the running quarter plus the entire year. The guidance it shared was weaker than the expectations yet it managed to gain growth in its stock prices.
Eli Lilly – Shares Surged by 3.4%
Eli Lilly’s share prices have experienced a 3.4% surge in aftermarket trading. The share prices for the drug maker experienced a surge after sharing its clinical trial results. Eli Lilly officials have shared that from the testing, they have confirmed that their drug (tirzepatide) is very effective in obesity.
The team behind the testing and trial of Eli Lilly has confirmed that the drug has caused the patients to lose 22.5% of their total weight. On top of that, the analysts at Eli Lilly also reported that they have generated higher than expected earnings for the first quarter of 2022.
Following the generation of promising earnings in the first quarter, the executives have revealed they have upgraded the guidance for the rest of the year.
Pinterest – Shares Surged by 8%
The share prices of Pinterest have experienced a more than an 8% surge in premarket trading. Pinterest experienced a surge after sharing its earnings report for the first quarter of 2022 that were higher than the estimations.
For the respective quarter, Pinterest reported that the revenue it generated was worth $575 million. The earnings it generated for the respective quarter were 10 cents per share. The revenue the analysts at Refinitiv had predicted was worth $573 million, while the earnings they had estimated were worth 4 cents per share.
Caterpillar – Shares Dipped by 1%
The share prices for Caterpillar have experienced a 1% dip in premarket trading. Caterpillar experienced the dip despite share earnings and revenue results higher than the analysts’ estimations for the first quarter of 2022.
According to the report shared by Caterpillar, the analysts had estimated that the earnings the global construction machine maker may generate would be $2.60 per share. As for the sales, the analysts had predicted that Caterpillar would generate $13.4 billion.
However, Caterpillar successfully generated earnings worth $2.88 per share and the sales it generated for the respective quarter were worth $13.59 billion. The analysts who had made their predictions surrounding Caterpillar’s earnings were from Refinitiv.