Check out the businesses making headlines earlier than the bell. UnitedHealth — Shares popped roughly 7% after the healthcare large posted better-than-expected income in its first-quarter outcomes on Tuesday, with development of near 9% from $91.9 billion in the identical interval final yr. UnitedHealth reported adjusted earnings of $6.91 per share on income of $99.8 billion for the quarter, whereas analysts surveyed by LSEG anticipated earnings of $6.61 per share on income of $99.3 billion. Morgan Stanley — Shares added 3.2% after Morgan Stanley topped first-quarter expectations on wealth administration, buying and selling and advisory outcomes. The firm reported earnings of $2.02 a share, whereas analysts polled by LSEG had known as for $1.66 a share. Revenue got here out at $15.14 billion for the interval, surpassing analysts expectations of $14.41 billion. Live Nation Entertainment — Shares plunged 9.6% after the Wall Street Journal reported that the Justice Department is making ready to file an antitrust lawsuit towards the Ticketmaster mum or dad firm within the coming weeks. Johnson & Johnson — The inventory fell barely even after the pharmaceutical large topped quarterly earnings expectations and benefitted from a soar in medical gadget gross sales. Revenue got here in at $21.38 billion, roughly in step with the $21.4 billion anticipated by analysts polled by LSEG. Bank of America – The U.S. banking large reported first-quarter earnings of an adjusted 83 cents a share adjusted, topping analysts’ estimates of 76 cents per share, in line with LSEG. Revenue of $25.98 billion was in step with expectations of $25.46 billion. The shares had been little modified in premarket buying and selling. International Paper — Shares gained almost 2% after the corporate, which produces packaging and different fiber-based merchandise, agreed to purchase British packaging firm DS Smith in a $7.2 billion all-stock deal. Tesla — Shares fell 2.7%, persevering with the electrical car firm’s slide after an inner memo Monday mentioned Tesla is planning to put off greater than 10% of its international workforce . “As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity,” CEO Elon Musk wrote support within the memo. Two senior Tesla executives additionally introduced Monday that they’re leaving the corporate. — CNBC’s Samantha Subin, Tanaya Macheel and Michelle Fox Theobald contributed reporting.
https://www.cnbc.com/2024/04/16/stocks-making-the-biggest-moves-premarket-unh-ms-lyv.html
