Stocks making the biggest moves premarket: PFE, PEP, PLTR, MRK
Check out the companies making headlines before the bell: Pfizer — The pharmaceutical stock added 1.8% on better-than-expected fourth-quarter results . Pfizer reported adjusted earnings of 63 cents per share on $17.76 billion in revenue. Analysts polled by LSEG estimated earnings of 47 cents per share on revenue of $17.36 billion. PepsiCo — Shares of the food and beverage company fell 2% after Pepsi’s fourth-quarter revenue missed expectations . Revenue came in at $27.78 billion, while analysts had forecast $27.89 billion, per LSEG. Demand for its snacks and drinks fell for the fifth straight quarter in North America. Merck — Shares were down 8% in the premarket after the pharmaceutical giant issued full-year guidance that fell short of analysts’ expectations. The company sees 2025 earnings per share coming in a range between $8.88 and $9.03. Analysts polled by FactSet expected a forecast of about $9.13 per share. Merck’s revenue expectations of $64.1 billion to $65.6 billion were also below what analysts anticipated. General Motors , Ford Motor — Shares rose 1% each after President Donald Trump paused tariffs on Canada imports for 30 days following a similar move for Mexico. The two automakers were among the names biggest hit on Monday as they each have significant manufacturing operations across North America, especially in Mexico. PayPal — The digital payments stock fell 7.3% despite PayPal reporting an earnings and revenue beat in the fourth quarter, as well as better-than-expected forward guidance. For the first quarter, PayPal expects adjusted earnings of $1.15 to $1.17 per share, while analysts estimated $1.13, per LSEG. The company also announced a new $15 billion share buyback program. Ferrari — U.S.-listed shares were up 4% after the luxury automaker reported strong earnings growth for 2024. The company earned 1.53 billion euros for the full year, marking a 21% year-on-year increase from 2023. Shipments for 2024 totaled 3,325, an uptick from 3,245 in the prior year. Estée Lauder — The beauty products company tumbled 7% after posting a disappointing fiscal third-quarter outlook. Estée Lauder sees year-over-year revenue contracting between 10% and 12%, while analysts polled by FactSet were expecting guidance pointing to a 6.9% decline. However, Estée Lauder reported a fiscal second-quarter earnings and revenue beat. Palantir Technologies — Shares of the defense company soared 23% after Palantir exceeded estimates on the top and bottom lines for the fourth quarter and issued stronger-than-expected guidance for the full year. The company posted adjusted earnings of 14 cents per share for the prior quarter, while analysts surveyed by LSEG estimated 11 cents per share. Revenue came out at $828 million, while analysts forecast $776 million. Spotify — The music streaming giant jumped 8% after reporting faster-than-expected user growth in the fourth quarter. Spotify reported 675 million monthly active users, up 12% year over year and above the 664.3 million expected by analysts polled by FactSet. Spotify also beat estimates for revenue and operating income. Clorox — The cleaning products company fell more than 3% on the back of its fiscal second-quarter results. Although the company posted a top- and bottom-line beat in the prior quarter, it guided for a 1% to 2% fall in revenue in the full year. Analysts had expected just a 0.6% decline, according to LSEG. Management also noted its 2025 fiscal-year outlook does not include potential headwinds from tariffs. Diageo — Shares dipped slightly after the distributor of Scotch whisky and other spirits reported weaker-than-expected first-half earnings, and removed its medium-term guidance because of macroeconomic and geopolitical uncertainty. Diageo reported adjusted earnings of $c97.7 per share, lower than the consensus estimate of $c99.1, according to FactSet. On the other hand, net sales of $10.9 billion in the first half topped the expected $10.72 billion. Apollo Global Management — Shares of the asset management company shed 1.6% on mixed fourth-quarter results. While Apollo’s earnings of $2.22 per share beat the consensus call for $1.89 per share, inflows dropped to $33 billion from $42 billion in the prior quarter, according to FactSet. — CNBC’s Sarah Min, Lisa Kailai Han and Jesse Pound contributed reporting.