Take a look at some of the biggest movers in the premarket:
Caterpillar (CAT) – The heavy equipment maker reported quarterly earnings of $1.03 per share, beating the 64 cents a share consensus estimate. Revenue also topped forecasts. The beat came even as sales tumbled from a year ago due to a pandemic-related slump in demand.
Merck (MRK) – The drugmaker beat consensus estimates by 33 cents a share, with quarterly profit of $1.37 per share. Revenue also beat estimates and Merck raised its full-year forecast. The company’s results were boosted by a better-than-expected 29% jump in sales of its cancer drug Keytruda, among other factors.