United Airlines, Verizon and Fisker rise premarket; 3M, General Electric fall
Investing.com — U.S. futures edged lower Tuesday, consolidating after recent gains as the earnings season kicks into full gear.
Here are some of the biggest premarket U.S. stock movers today:
United Airlines (NASDAQ:UAL) stock rose 6.4% after the carrier reported strong fourth-quarter results, thanks in part to its «busiest» travel period ever in the last two weeks of December, but it said it expects a wider-than-expected loss in its current quarter.
Verizon (NYSE:VZ) stock rose 4.6% after the telecommunications giant said it was «well-positioned» for growth in 2024, as it unveiled an annual earnings forecast range that was above expectations.
Johnson & Johnson (NYSE:JNJ) stock fell 0.3% after the pharmaceutical giant reiterated its full-year guidance for 2024 even after its fourth-quarter results beat expectations.
3M (NYSE:MMM) stock fell 6.9% after the industrial conglomerate unveiled an annual earnings forecast that was below expectations, noting that the outlook does not reflect the potential impact of recent settlements in legal battles involving public water systems and U.S. military earplugs.
Procter & Gamble (NYSE:PG) stock rose 0.9% despite the consumer goods giant cutting its annual profit forecast as the boost from earlier price hikes fades and on writing down the value of its Gillette business in December.
General Electric (NYSE:GE) stock fell 3.3% after the industrial conglomerate disappointed with its first-quarter outlook even as its fourth-quarter earnings came in ahead of expectations on strong demand for parts and services at its jet engine business.
Coinbase (NASDAQ:COIN) stock fell 4.3%, with the cryptocurrency exchange hurt after bitcoin, the most popular digital currency, fell below the
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