Pfizer, UPS, Exxon, Alibaba – Tuesday’s Premarket Movers

Stock futures rose on Tuesday, led by hopes for more US stimulus and advances in vaccinations.

Here are some of the top movers during Tuesday’s premarket trading.

1. Pfizer PFE | Plus 0.7%

Pfizer shares (PFE) – Get the report were higher when the healthcare group posted fourth-quarter profits that missed estimates but exceeded sales target.

Pfizer posted earnings of 42 cents per share, an increase of 14% over the same period last year. Revenue grew 12% to $ 11.7 billion. Analysts estimate the profit at 48 cents per share of sales of 11.4 billion US dollars.

Pfizer expects sales of around $ 15 billion this year for its BioNTech-developed Covid-19 vaccine. (BNTX) – Get the report

2. United Parcel Service UPS | Plus 4.8%

UPS stocks (UPS) – Get the report rose after the Atlanta-based parcel delivery giant saw fourth-quarter revenue jump 21% to $ 24.9 billion, beating analysts’ expectations.

UPS posted adjusted earnings of $ 2.66 per share compared to $ 2.11 for the year-ago quarter. Analysts polled by FactSet had expected $ 2.14 per share.

3. Alibaba BABA | 0.4% decrease

US-listed Alibaba stocks (BABA) – Get the report fell on Tuesday, despite the Chinese tech giant’s third quarter earnings being stronger than expected as its e-commerce business benefited from the coronavirus pandemic.

Revenue increased 37% to 221.08 billion yuan ($ 34.24 billion) for the three months ended December 31, and was above estimates of 214.38 billion yuan, according to Refinitiv.

4. Exxon Mobil XOM | Plus 2%

Exxon Mobil shares (XOM) – Get the report traded higher on Tuesday even after the oil giant posted a net loss of more than $ 20 billion in the fourth quarter, but adjusted earnings exceeded Wall Street expectations.

Adjusted earnings fell from 41 cents per share to 3 cents per share, but surpassed the FactSet consensus of 1 cent per share. Consolidated revenue fell 31% to $ 46.5 billion, according to Exxon, missing analysts’ estimates of $ 48.76 billion.

Exxon also announced that it has formed ExxonMobil Low Carbon Solutions and will invest $ 3 billion in the group through 2025. The aim is to reduce greenhouse gas by up to 20% compared to 2016.

5. Harley-Davidson HOG | 7.6% decrease

Harley Davidson shares (PIG) – Get the report fell Tuesday after the motorcycle maker posted a 32% drop in sales in the fourth quarter.

Harley posted a 63 cents per share loss in the fourth quarter against expectations of 14 cents per share earnings.

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