Stocks making the biggest moves premarket: Morgan Stanley, UnitedHealth, Live Nation and more

by | Apr 16, 2024 | Financial

Check out the companies making headlines before the bell. UnitedHealth — Shares popped roughly 7% after the healthcare giant posted better-than-expected revenue in its first-quarter results on Tuesday, with growth of close to 9% from $91.9 billion in the same period last year. UnitedHealth reported adjusted earnings of $6.91 per share on revenue of $99.8 billion for the quarter, while analysts surveyed by LSEG expected earnings of $6.61 per share on revenue of $99.3 billion. Morgan Stanley — Shares added 3.2% after Morgan Stanley topped first-quarter expectations on wealth management, trading and advisory results. The company reported earnings of $2.02 a share, while analysts polled by LSEG had called for $1.66 a share. Revenue came out at $15.14 billion for the period, surpassing analysts expectations of $14.41 billion. Live Nation Entertainment — Shares plunged 9.6% after the Wall Street Journal reported that the Justice Department is preparing to file an antitrust lawsuit against the Ticketmaster parent company in the coming weeks. Johnson & Johnson — The stock fell slightly even after the pharmaceutical giant topped quarterly earnings expectations and benefitted from a jump in medical device sales. Revenue came in at $21.38 billion, roughly in line with the $21.4 billion expected by analysts polled by LSEG. Bank of America – The U.S. banking giant reported first-quarter earnings of an adjusted 83 cents a share a …

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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines before the bell. UnitedHealth — Shares popped roughly 7% after the healthcare giant posted better-than-expected revenue in its first-quarter results on Tuesday, with growth of close to 9% from $91.9 billion in the same period last year. UnitedHealth reported adjusted earnings of $6.91 per share on revenue of $99.8 billion for the quarter, while analysts surveyed by LSEG expected earnings of $6.61 per share on revenue of $99.3 billion. Morgan Stanley — Shares added 3.2% after Morgan Stanley topped first-quarter expectations on wealth management, trading and advisory results. The company reported earnings of $2.02 a share, while analysts polled by LSEG had called for $1.66 a share. Revenue came out at $15.14 billion for the period, surpassing analysts expectations of $14.41 billion. Live Nation Entertainment — Shares plunged 9.6% after the Wall Street Journal reported that the Justice Department is preparing to file an antitrust lawsuit against the Ticketmaster parent company in the coming weeks. Johnson & Johnson — The stock fell slightly even after the pharmaceutical giant topped quarterly earnings expectations and benefitted from a jump in medical device sales. Revenue came in at $21.38 billion, roughly in line with the $21.4 billion expected by analysts polled by LSEG. Bank of America – The U.S. banking giant reported first-quarter earnings of an adjusted 83 cents a share a …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
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