By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, May 6th. Please refresh for updates.
Anheuser Busch Inbev (BR:ABI) ADR rose 5.1% after the world’s largest brewer reported first-quarter earnings ahead of expectations, even with lockdowns closing hospitality in much of Europe. It also announced Carlos Brito will step down as CEO, to be replaced by the group's North America boss.
Uber (NYSE:UBER) stock fell 3.9% after the ride-hailing firm disclosed a $600 million charge to provide U.K. drivers with benefits and signalled it would pay U.S. drivers more, an indication of rising costs.
Moderna (NASDAQ:MRNA) stock fell 5.3% after the Biden administration mooted a plan to waive intellectual property rights for Covid-19 treatments while the pandemic lasts. The drugmaker raised its 2021 sales forecast for its Covid-19 vaccine by 4.3%.
Regeneron (NASDAQ:REGN) stock rose 0.9% after the drugmaker reported a 78% rise in first-quarter profit, helped by a robust recovery in demand for its eye drug Eylea and continued strength in sales of its eczema drug Dupixent.
ViacomCBS (NASDAQ:VIAC) stock rose 2.8% after the media conglomerate reported quarterly revenue that beat estimates, driven by growth in affiliate fees and an uptick in broadcast TV advertising thanks to the Super Bowl airing on CBS.
- Norwegian Cruise Line (NYSE:NCLH) stock fell 3.7% after the cruise operator's revenue slumped more than 99% in the first quarter due to an ongoing suspension of voyages, adding bookings for the first half of 2022 was ahead of pre-pandemic levels.
- PayPal (NASDAQ:PYPL) stock rose 4.5% after the online payments provider reported its strongest first quarter on record, with a coronavirus-driven shift to online shopping and digital transactions boosting payment volumes.
Etsy (NASDAQ:ETSY) stock fell 11% after the e-commerce retailer warned that it expects sales of goods on its platform to slow in the second quarter as it faces tough comparisons to last year’s pandemic-boosted results.
Zynga (NASDAQ:ZNGA) stock rose 5.5% after the games developer reported strong first-quarter bookings, and also agreed to acquire mobile ad and monetization firm Chartboost for $250 million.
Fastly (NYSE:FSLY) stock fell 18% after the cloud computing services provider reported a quarterly loss, a disappointing outlook and the departure of its CFO.
Sunrun (NASDAQ:RUN) stock rose 7% after the solar technology company trimmed its quarterly loss and raised its full-year guidance. "This year is on track to be the best in the company’s history," Lynn Jurich, Sunrun’s CEO and co-founder, said in the statement.
Peloton (NASDAQ:PTON) stock fell 1.6% after the company announced a recall of its treadmills on Wednesday, reversing course just weeks after saying there was "no reason" to stop using the exercise machines despite reports of multiple injuries and the death of a child in an accident.
IBM (NYSE:IBM) stock rose 0.5% after the tech giant unveiled 2-nanonmeter chipmaking technology, which it said could be as much as 45% faster than the mainstream 7-nanometer chips in many of today's laptops and phones.