American Express, Verizon, Kimberly-Clark and more

Check out the companies that make headlines before the clock:

American Express (AXP) – American Express rose 1.2% in the pre-market after reporting profits and revenue better than expected in the first quarter. Amex reported a profit of $ 2.73 per share.

Verizon (VZ) – Verizon earned an adjusted $ 1.35 per share for the first quarter, matching estimates, with revenue also largely in line. Verizon lost 36,000 phone subscribers during the quarter, less than the 49,300 losses expected by analysts surveyed by FactSet. Verizon fell 1.4% in pre-market trading.

Kimberly-Clark (KMB) – The consumer product company’s shares rose 3.8% in the pre-market after reporting better-than-expected quarterly earnings and revenue. Kimberly-Clark said it was able to handle a “volatile and inflationary” environment and raised its year-round organic sales forecast.

Cleveland-Cliffs (CLF) – The steel producer and mining company’s stock rose 3.5% in pre-market trading after beating first- and bottom-line estimates for the first quarter. Cleveland-Cliffs also raised its average year-end sales price forecast.

Schlumberger (SLB) – The oil field services maker beat estimates by a penny with an adjusted quarterly profit of 34 cents per share, and revenue also topped Wall Street forecasts. Schlumberger also raised its dividend by 40% and its stock rose 1.1% in pre-market action.

Snap (SNAP) – Snap lost adjusted 2 cents per share for its most recent quarter compared to consensus forecasts of a profit of 1 cent per share for the social media company. It also issued a conservative sales growth outlook for the current quarter, with equities falling 1.1% in pre-market trading.

Gap (GPS) – Gap reduced its sales growth prospects due to increasing competition and more campaigns. The company also announced that Old Navy President and CEO Nancy Green is on her way. The Gap stock fell 14.8% in the pre-market.

Anheuser-Busch InBev (BUD) – AB InBev will sell its stake in its Russian joint venture and take a depreciation of 1.1 billion. USD as a result. The brewer suspended sales of its Budweiser brand in Russia last month following Russia’s invasion of Ukraine. AB InBev fell 1.8% in pre-market action.

SAP (SAP) – SAP shares fell 4.1% in pre-market trading after the German business software company said it would be hit by a turnover of $ 300 million due to its exit from the Russian market.

Boston Beer (SAM) – Boston Beer reported a quarterly loss of 16 cents per share compared to analysts’ expected earnings of $ 1.97 per share. The brewer’s turnover missed estimates as shipping volumes fell more than 25% from a year earlier and gross margins also fell. Shares fell 3.2% in the pre-market.

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