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CVS Health, Starbucks, Shares Weaker; Pinterest Soars

iHub News
Latest News
May 01 2024 9:12AM

Shares of CVS Health (NYSE:CVS) are moving sharply lower in pre-market trading after the drugstore chain and pharmacy benefit manager reported weaker than expected first quarter results and cut its full-year profit outlook.

Coffee giant Starbucks (NASDAQ:SBUX) is also seeing substantial pre-market weakness after reporting fiscal second quarter results that missed analyst estimates and slashing its full-year guidance.

On the other hand, shares of Pinterest (NYSE:PINS) are soaring in pre-market trading after the social media giant reported better than expected first quarter results and provided an upbeat second quarter revenue forecast. Drug giant Pfizer (NYSE:PFE) may also move to the upside after reporting first quarter earnings that beat expectations and raising its full-year earnings guidance.