The stocks making the biggest moves in premarket trading include Target, Eli Lilly, Hershey, Blackstone, Gap, and more.
– The drugmaker reported quarterly earnings of $1.75 per share, beating the $1.48 a share consensus estimate. Revenue was also above Street forecasts. Lilly's worldwide revenue was boosted by $250 million due to Covid-19, but the company said the virus could negatively impact results later in the year. – The home builder's bottom line came in 4 cents a share above estimates at 74 cents per share, with revenue essentially in line with expectations.
PulteGroup said consumer traffic and sales slowed in mid-March and it is suspending guidance due to uncertainties related to the pandemic. – The candy maker missed estimates by 8 cents a share, with quarterly earnings of $1.63 per share. Revenue came in slightly below forecasts. Hershey declared its regular quarterly dividend and said it believes it has sufficient liquidity to meet its cash needs.
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