CVS Health, Starbucks, Shares Weaker; Pinterest Soars
May 01 2024 - 9:12AM
IH Market News
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.
Pfizer (NYSE:PFE)
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