Check out the companies making headlines in premarket trading. Pfizer — Shares climbed more than 2% after New York City-based Pfizer beat Wall Street’s first-quarter revenue forecast and raised its full-year profit guidance. The drugmaker now expects adjusted earnings of $2.15 to $2.35 per share for the full-year, up from a previous forecast of $2.05 to $2.25. CVS Health — Shares tumbled 12.4% after the drugstore chain and pharmacy benefit manager’s first-quarter adjusted earnings and revenue fell short of estimates and it cut its full-year profit outlook, citing higher medical costs. CVS expects adjusted earnings of at least $7 per share for 2024, down from previous guidance of $8.30 per share. Analysts were expecting $8.28 per share, according to LSEG. Marriott International — The hotel chain slipped 1.8% on the heels of weak earnings and current-quarter guidance. Marriott earned $2.13 per share, excluding items, in the first quarter, missing the consensus forecast of $2.17 from analysts polled by LSEG. Marriott expects current-quarter earnings of between $2.43 and $2.48 per nshare, less than Wall Street’s estimate of $2.52. Marriott issued first-quarter revenue that was better than anticipated. Estée Lauder — The beauty and skincare stock …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in premarket trading. Pfizer — Shares climbed more than 2% after New York City-based Pfizer beat Wall Street’s first-quarter revenue forecast and raised its full-year profit guidance. The drugmaker now expects adjusted earnings of $2.15 to $2.35 per share for the full-year, up from a previous forecast of $2.05 to $2.25. CVS Health — Shares tumbled 12.4% after the drugstore chain and pharmacy benefit manager’s first-quarter adjusted earnings and revenue fell short of estimates and it cut its full-year profit outlook, citing higher medical costs. CVS expects adjusted earnings of at least $7 per share for 2024, down from previous guidance of $8.30 per share. Analysts were expecting $8.28 per share, according to LSEG. Marriott International — The hotel chain slipped 1.8% on the heels of weak earnings and current-quarter guidance. Marriott earned $2.13 per share, excluding items, in the first quarter, missing the consensus forecast of $2.17 from analysts polled by LSEG. Marriott expects current-quarter earnings of between $2.43 and $2.48 per nshare, less than Wall Street’s estimate of $2.52. Marriott issued first-quarter revenue that was better than anticipated. Estée Lauder — The beauty and skincare stock …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
