Check out the companies making the biggest moves in pre-market trading: Eli Lilly , ResMed — Eli Lilly’s stock price could see its weight-loss drug Zepbound treat patients with obstructive sleep apnea The stock rose 2% following the pharmaceutical giant’s announcement that it showed Shares in ResMed, which makes devices to treat sleep-related breathing disorders, fell nearly 4% on the news. TRAVELERS — Shares fell nearly 5% after the insurance company reported first-quarter earnings and revenue shortfalls. Earnings per share were $4.69, compared to $4.90 expected by analysts compiled by LSEG. Sales came in at $10.18 billion, compared to the expected $10.51 billion. Travelers said the loss in profits was caused by increased levels of catastrophe losses. United Airlines — Shares rose 6% a day after United Airlines reported a first-quarter adjusted loss of 15 cents, which was below the 57 cent loss expected by analysts surveyed by LSEG. Quarterly sales also exceeded expectations. JB Hunt Transport Services — Shares fell 8% a day after the transportation and logistics company reported a first-quarter revenue and revenue shortfall. JB Hunt said domestic demand was flat and weaker than expected. ASML Holding — U.S.-listed shares fell 5% after the Dutch semiconductor company posted revenue and new bookings fell below consensus estimates. Omnicom — Shares rose nearly 3% his day after the telecommunications company reported higher first-quarter earnings and sales. Organic revenue rose 4% versus analysts’ expectations of 3.2%, according to StreetAccount. Autodesk — Software stock fell 5% of his. Autodesk announced Tuesday that it will further delay its annual 10-K filing due to an ongoing internal investigation by its board of directors. ALCOA — Aluminum stocks soar 3% after reports that President Joe Biden will propose tripling Chinese tariffs on steel and aluminum imports during a visit to the United Steelworkers headquarters in Pittsburgh on Wednesday. It rose recently. Alcoa is expected to report financial results after the bell. Elf Beauty — Shares of this beauty company rose 2.6% following an upgrade from Hold to Buy by TD Cowen. The company said it is impressed with the introduction of new products and expects its revenue to potentially double over the next three years. Ferrari — Shares rose 1.8% after Bernstein reiterated his outperform rating on Ferrari, saying the Italian luxury sports car maker is “starting to master the challenge of electrification.” Analysts’ price target of $512 implies an upside of 24% from Tuesday’s closing price. Abbott Laboratories — Shares fell slightly even though the medical device company beat expectations for the first quarter and raised the midpoint of its full-year outlook. Abbott Laboratories’ adjusted earnings were 98 cents per share, beating the FactSet consensus estimate of 95 cents per share. Sales were $9.96 billion, exceeding expectations of $9.88 billion. Capri Holdings — Shares soar after The New York Times Dealbook reports that the Federal Trade Commission is preparing to block the company’s $8.5 billion acquisition of Tapestry, the parent company of Coach and Kate Spade. It fell 1.5%. Tapestry shares rose 1.8%. CNBC’s Jesse Pound, Ha-Kyung Kim, Sarah Min and Fred Imbert contributed reporting.
CHOOSE LANGUAGE
SELECT LANGUAGE BELOW
