Check out the companies that make headlines before the bell. Meta Platform – Facebook and Instagram parents jumped about 3%. CNBC reported on Metacut staff in the Reality Labs division. Alphabet – Google and YouTube owners climbed over 4% after the first quarter results broke Wall Street expectations. Alphabet won $2.81 per share with quarterly revenue of $90.23 billion, while analysts surveyed by LSEG were $2.01 per share and revenues of $8.912 billion. T-Mobile – Telephone company stock fell 5.5% after wireless phone subscribers reported less than expected in the fourth quarter than expected, according to StreetAccount. First quarter revenue and revenues surpassed street estimates. Intel – Chipmaker fell 7.2% after disappointing investors outlook for the current quarter. According to LSEG, Intel led its revenue for the June quarter, with a midpoint of $11.8 billion and a consensus of less than $12.82 billion. Management expects revenue to break. Intel has also announced plans to reduce operations and capital costs. GILEAD SCIENCES-Biopharmaceutical stocks slid 3.9% after posting first quarter revenues at $6.67 billion, but the consensus estimate from analysts voted by LSEG was $6.81 billion. Gilead won $1.81 per share in the quarter, excluding items, and Wall Street was penciled at $1.79. Skechers – Footwear manufacturers slumped to 6% after reporting lower than expected first-quarter revenues and retracted their 2025 advanced financial forecasts due to “macroeconomic uncertainty stemming from global trade policies.” Skechers’ bottom line results came beyond analysts’ predictions. Charles Schwab – The financial services provider rose 1.4% after Goldman Sachs upgraded its stock and bought it from neutral, calling Schwab a resilient growth stock amidst an uncertain background. Hasbro – Toy companies have risen by about 1% since rising 15%. Analyst James Hardyman said Citigroup raised an investment opinion to buy from neutral, saying that by purchasing from neutral, the wizard exceeds Hasbro’s expectations of the uncertainty caused by tariff policy. BOSTON BEARS – Samuel Adams Brewer shares rose nearly 3% after first quarter results exceeded expectations. Boston Beer generated $2.16 per share with revenues of $453.9 million, while analysts surveyed by FactSet looked for 56 cents per share with revenues of $435.6 million. Boston Beer warned in its outlook that tariffs could damage year-round revenues. – CNBC’s Alex Harring and Jesse Pound Contribution Reports Join New York Stock Exchange with tickets to Pro Live! An uncertain market? Earn Edge with CNBC Pro Live, the first exclusive event on the historic New York Stock Exchange. Access to expert insights is paramount in today’s dynamic financial situation. As a CNBC Pro subscriber, we recommend attending the first exclusive and in-person CNBC Pro live event held at the iconic NYSE on Thursday, June 12th. You will also get the opportunity to network with CNBC experts, talent and other pro subscribers during exciting cocktail hours on the legendary trading floor. Tickets are limited!
Meta, INTC, GOOGL, etc.
