Stocks move premarket on earnings from Shake Shack, McDonald’s, Whirlpool and others
Premarket stocks move on earnings as Shake Shack, McDonald’s and Whirlpool react See the biggest movers and what their results and guidance mean for traders
U.S. stocks and several major companies were active in premarket trading Thursday after quarterly earnings and outlook updates.
Shake Shack fell sharply after reporting firstquarter results that missed analyst expectations and an operating loss. McDonald’s moved higher after beating estimates on both revenue and earnings, while Whirlpool dropped after cutting its fullyear guidance and warning of a weaker demand backdrop.
Other notable movers included Shell, Carlyle Group, Tapestry, Arm Holdings, DoorDash, Zillow, Fortinet, IonQ, Snap, Fastly, Albemarle, Akamai, Planet Fitness, Papa John’s, Warby Parker and Peloton, with shares reacting to earnings, guidance changes and other business updates.