Stocks making the biggest moves before the market: McDonald’s, UPS and more

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Check out the companies making headlines before the bell rings.

McDonald’s – Shares fell more than 1% after McDonald’s reported Its latest quarterly results. The fast food giant has topped earnings and revenue estimates, saying customers are increasingly flocking to its restaurants. Even then, McDonald’s CEO Chris Kempczinski said he hopes “Short-term inflationary pressures will continue into 2023.”

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General Motors — Shares of the automaker rose more than 5% in premarket trading after GM beat estimates on the top and bottom line for its fourth quarterR, even if its profit margin is reduced. The company reported $2.12 per share of adjusted earnings on $43.11 billion in revenue. Analysts polled by Refinitiv were looking for $1.69 in earnings per share on $40.65 billion in revenue. GM said it expected earnings to decline in 2023, but guidance was still above analyst estimates.

ford — Ford shares rose 2% after the company announced Monday it would lower the price of the Mach-E, its electric pickup truck. The company reports earnings at the end of the week.

United Parcel Service — Shares of UPS rose 1.9% after the company reported earnings that topped analysts’ expectations. The company posted adjusted earnings per share of $3.62 on $27.08 billion in revenue. Analysts were expecting earnings per share of $3.59 and revenue of $28.09 billion, per Refinitiv.

exxon mobil The oil company was under pressure despite reporting upbeat financial results for the latest quarter. CEO Darren Woods said in a statement that the company, whose stock price soared more than 80% last year, saw supply tighten as the economy began to recover. Shares fell more than 1%.

Kamla — Shares of Caterpillar fell more than 2% after the industrial giant reported disappointing quarterly profit. The company reported earnings of $3.86 per share, well below Refinitiv’s consensus estimate of $4.06 per share. Caterpillar said its bottom line was “impacted by an unfavorable ME&T foreign exchange impact in other income (expense) of $0.41 per share.”

pfizer — Shares of the vaccine maker declined more than 2% after the company reported mixed quarterly results and issued earnings and revenue guidance for the full year, according to StreetAccount. Pfizer said it expects revenue from its Comirneti and Paxlovid drugs to fall 64% and 58%, respectively, from actual 2022 results.

international paper — The packaging and paper products company reported fourth-quarter adjusted operating earnings of 87 cents per diluted share, which topped Street estimates of 69 cents per diluted share. However, the company reported a net income loss of $318 million for the quarter. International paper about 6% in the premarket.

lucid — Shares of Lucid fell 4.4% on Friday after Monster Options’ rally cooled further.

Pulte Group Shares of the home builder rose more than 1% in premarket trading after PulteGroup reported a better-than-expected fourth quarter. The company reported $3.63 in adjusted earnings per share on revenue of $5.17 billion. Wall Street analysts were expecting $2.93 in earnings per share on revenue of $4.58 billion, according to StreetAccount. PulteGroup’s homebuilding gross margin grew year over year.

— CNBC’s Fred Imbert, Jesse Pound, Tanaya Machel, Sarah Min, Carmen Reinicke and Michelle Fox contributed reporting

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