Meta Platforms, Hasbro and Comcast rise premarket; First Republic fall

  • Stock Market News
Meta Platforms, Hasbro and Comcast rise premarket; First Republic fall
Credit: © Reuters. -- Stocks in focus in premarket trade on Thursday, April 27th. Please refresh for updates.

  • Meta Platforms (NASDAQ: META ) rose 12% after the Facebook parent reported a 4.1% jump in ad revenue in the first quarter, recording growth for the first time in almost a year, helped by a solid performance by Reels, the tech giant's answer to the craze for TikTok-like short-form videos.

  • Caterpillar (NYSE: CAT ) stock rose 0.4% after the heavy machinery maker reported a rise in first quarter profit as a boost in U.S. infrastructure spending kept its order books full.

  • Hasbro (NASDAQ: HAS ) stock rose 5% after the toy maker beat expectations for quarterly revenue , boosted by strong growth in the company's digital gaming segment.

  • Merck (NS: PROR ) (NYSE: MRK ) stock rose 1.2% after the drugmaker posted better-than-expected first quarter results , helped by the strength of its blockbuster cancer immunotherapy Keytruda.

  • eBay (NASDAQ: EBAY ) stock rose 3% after the e-commerce company forecast current-quarter revenue above earlier estimates after beating March-quarter earnings expectations, as it benefits from its strategy of focusing on product categories including sneakers and watches.

  • First Republic Bank (NYSE: FRC ) stock declined 0.8%, continuing to fall after the heavy losses of the previous two sessions as investors fret about the likelihood of a deal to secure its finances.

  • Domino’s Pizza (NYSE: DPZ ) stock rose 4.7% after the fast food company beat estimates for first quarter U.S. same-store sales, boosted by higher prices as well as new promotional offers and menu items.

  • American Airlines (NASDAQ: AAL ) stock rose 0.7% after the carrier forecast second quarter profit above estimates as travel demand stays strong in the face of a looming recession.

  • Comcast (NASDAQ: CMCSA ) stock rose 4.6% after the media giant’s quarterly revenue beat expectations, helped by sustained demand for its broadband services and higher theme park attendance.

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