Check out the companies that make headlines before the bell. GE Aerospace – Stocks rose more than 4% after GE Aerospace reported adjusted earnings of $1.49 per share, exceeding the $1.27 per share expected by analysts voted by LSEG. But his income was shy of expectations. Hertz Global Holdings – Shares fell almost 2% after the car rental company raised 112% last week on a major investment in Bill Ackman’s company. Pershing Square has acquired a 19.8% stake in Hertz, earning full share ownership and a total return swap. Stocks fell 5% on Monday. Zions Bancorporation – Utah-based bank shares sank almost 4% after Zions reported a weaker first-quarter results than expected. Zions won $1.13 per share. This was shy about the LSEG forecast of $1.18 per share. 3M – The manufacturing conglomerate shares rose nearly 6% after its first quarter results exceeded expectations. On an adjusted basis, 3M earned $1.88 per share with revenue of $5.788 billion. Analysts surveyed by Refinitiv were supplying pencils at revenue of $1.77 per share, $5.76 billion. Amazon – Shares rose nearly 1% after Amazon delayed several commitments on new data center leases, particularly international leases, Wells Fargo said Monday. Amazon Web Services is one of the leading providers of cloud infrastructure. CALIX – Technology Services stocks rose 15% after Calix exceeded its first quarter revenue expectations and gave away a bright forecast. Calix has earned 19 cents per share excluding items in its latest period, with revenue of $222 million, while analysts surveyed by FactSet predicted 13 cents per share and revenues of $207.1 million. Medpace Holdings – The clinical research institution’s stock lost 8% after Medpace reported that its first quarter Net New Business Awards was $500 million, down nearly 19% from the same period last year. Verizon – Equity wireless network operators fell more than 4% after Verizon said they lost more postpaid online phone subscribers than expected in the last quarter. The company said it still beat its first quarter revenue and revenue forecasts and is confident in achieving its year-end goals. Adjusted earnings of $1.19 per share beat the consensus estimate of $1.15 per share, with revenues of $334.9 billion exceeding expectations of $33.24 billion, according to analysts voted by LSEG. Lockheed Martin – After Lockheed posted strong first quarter profits, defense contractor shares jumped over 3%, reaffirming forecasts for the year, in response to the resilient demand for missile systems and fighter jets. Lockheed reported total revenues of $179.6 billion in the first quarter, up 4.5% from the previous year. – CNBC’s Jesse Pound, Sarah Min and Michelle Fox contributed the report.
GE Aerospace, Amazon, 3M, etc.
