Check out the companies making headlines before the bell. Eli Lilly — Shares popped nearly 7% after the maker of the Mounjaro diabetes and weight loss drug reported first-quarter adjusted earnings of $2.58 per share, beating the consensus estimate of $2.46, according to LSEG. Eli Lilly also hiked its full-year guidance for adjusted earnings and revenue, topping analysts’ expectations. 3M – Shares advanced 7.7% after the maker of industrial products posted earnings of $2.39 per share on revenues of $7.72 billion. That topped analysts’ estimates of $2.10 per share on adjusted revenues of $7.63 billion, according to LSEG. 3M also said it will cut its dividend, which it had raised for 64 consecutive years , after spinning off its healthcare unit earlier this month. F5 — The cloud computing company slid 10% after F5 third-quarter revenue guidance of $675 million to $695 million threatened to miss analysts’ consensus estimate of $695 million, according to LSEG. Meanwehile, second-quarter revenue missed analysts’ estimates. expectations. Several brokers, including Goldman Sachs, lowered their price F5 share price targets in reaction. McDonald’s — Shares dipped nearly 2% in premarket trading after the Chicago-based fast food chain missed analysts’ quarterly earnings estimates as same-store sales fell short of expectations. Worldwide sales rose by 1.9% in the quarter, lower than the 2.1% growth expected by anal …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines before the bell. Eli Lilly — Shares popped nearly 7% after the maker of the Mounjaro diabetes and weight loss drug reported first-quarter adjusted earnings of $2.58 per share, beating the consensus estimate of $2.46, according to LSEG. Eli Lilly also hiked its full-year guidance for adjusted earnings and revenue, topping analysts’ expectations. 3M – Shares advanced 7.7% after the maker of industrial products posted earnings of $2.39 per share on revenues of $7.72 billion. That topped analysts’ estimates of $2.10 per share on adjusted revenues of $7.63 billion, according to LSEG. 3M also said it will cut its dividend, which it had raised for 64 consecutive years , after spinning off its healthcare unit earlier this month. F5 — The cloud computing company slid 10% after F5 third-quarter revenue guidance of $675 million to $695 million threatened to miss analysts’ consensus estimate of $695 million, according to LSEG. Meanwehile, second-quarter revenue missed analysts’ estimates. expectations. Several brokers, including Goldman Sachs, lowered their price F5 share price targets in reaction. McDonald’s — Shares dipped nearly 2% in premarket trading after the Chicago-based fast food chain missed analysts’ quarterly earnings estimates as same-store sales fell short of expectations. Worldwide sales rose by 1.9% in the quarter, lower than the 2.1% growth expected by anal …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
