PepsiCo – Shares of the food and beverage giant plunged in the premarket although the company detailed a beat on the top and bottom lines within the recent quarter as consumers paid more for some of the company’s key brands. General Electric – Common Electric’s stock fell 3.5% in spite of topping gauges in its quarterly report. The company confirmed its previous full-year profit guidance extend and said it sees challenges from inflation and supply chain issues.
3M 3M shares were level premarket after reporting quarterly earnings that topped estimates. The company saw revenues of $8.83 billion while investigators anticipated $8.74 billion in revenue. D.R. Horton The homebuilder stock rose 2.8% amid premarket trading after beating analyst gauges within the past quarter. D.R. Horton reported balanced profit of $4.03 a share on revenues of $8 billion. Analysts anticipated $3.37 adjusted profit per share on $7.62 billion in revenue.