Stocks making the biggest moves in the premarket: Facebook, Comcast, Generac, eBay & more – News 24-7 Live News 24-7 Live
Stocks making the biggest moves in the premarket: Facebook, Comcast, Generac, eBay & more

Stocks making the biggest moves in the premarket: Facebook, Comcast, Generac, eBay & more

 Facebook exceeded analysts’ forecasts by $1.03 a share, with quarterly profit of $3.30 per share. The social media giant’s revenue was also well above Wall Street forecasts as digital ad spending continued to surge amid the pandemic. Facebook said ad revenue could take a hit later this year, however, due to Apple’s new privacy policies that make ad targeting more difficult. Facebook’s stock surged 7.6% in premarket trading.

Comcast (CMCSA) – The NBCUniversal and CNBC parent beat estimates by 17 cents a share, with quarterly earnings of 76 cents per share. Revenue also topped estimates, driven in part by strong growth in broadband and wireless phone customers. Comcast shares jumped 2.9% in the premarket.

Generac (GNRC) – The generator maker earned $2.38 per share for the first quarter, compared to a consensus estimate of $1.87 a share. Revenue also exceeded forecasts on strength in the residential market, and Generac raised its sales forecast for the full year. Its shares surged 6% in the premarket.

EBay (EBAY) – EBay reported consensus-beating results on both the top and bottom lines for its most recent quarter, but the online marketplace operator gave a lighter-than-expected current-quarter outlook. Its shares tumbled 7.6% in premarket trading.

News Source: cnbc

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