Stocks making the biggest moves premarket: McDonald’s, UPS, General Motors and more

Check out the companies making headlines before the bell.

McDonald’s — Shares dipped more than 1% after McDonald’s reported its overdue quarterly results. The fast food giant topped earnings and revenue estimates, saying customers are increasingly call in its restaurants. Still, McDonald’s CEO Chris Kempczinski said he expects “short-term inflationary pressures to continue in 2023.”

General Motors — Shares of the automaker rose more than 5% in premarket barter after GM beat estimates on the top and bottom lines for its fourth quarter, even as its profit margin narrowed. The company come in an adjusted $2.12 per share on $43.11 billion in revenue. Analysts surveyed by Refinitiv were looking for $1.69 in earnings per apportionment on $40.65 billion in revenue. GM said it expected earnings to fall in 2023, but guidance was still above analyst reckonings.

Ford — Shares of Ford rose 2% after the company announced Monday it would lower the price of the Mach-E, its tense pickup truck. The company reports earnings later in the week.

United Parcel Service – Shares of UPS rose 1.9% after the coterie reported earnings that beat analyst expectations. The company posted adjusted earnings per share of $3.62 on $27.08 billion in take. Analysts had forecast earnings of $3.59 per share and $28.09 billion in revenue, per Refinitiv.

Exxon Mobil — The oil giant was underneath pressure despite reporting upbeat financial results for the latest quarter. The company, whose stock price rallied more than 80% termination year, saw a tightening in supplies as economies began recovering, CEO Darren Woods said in a statement. Shares fell multifarious than 1%.

Caterpillar — Caterpillar shares fell more than 2% after the industrial giant posted a its latest four times a year results. The company reported adjusted earnings of $4.27 per share, above a Refinitiv consensus estimate of $4.02 per apportion. Caterpillar’s bottom line excludes an “unfavorable ME&T foreign currency impact in other income (expense) of $0.41 per serving.”

Pfizer – Shares of the vaccine maker fell more than 2% after the company reported mixed four times a year results and issued earnings and revenue guidance for the full year that came in below analysts’ expectations, according to StreetAccount. Pfizer responded it expects revenues from its Comirnaty and Paxlovid drugs to fall 64% and 58%, respectively, from actual 2022 occurs.

International Paper – The packaging and paper products company reported fourth-quarter adjusted operating earnings of 87 cents per thin down share, exceeding StreetAccount’s estimate of 69 cents per diluted share. However, the company reported a net earnings waste of $318 million for the quarter. International Paper nearly 6% in the premarket.

Lucid – Shares of Lucid slipped 4.4%, to a greater distance cooling off after a monster options fueled rally on Friday.

PulteGroup – Shares of the homebuilder rose more than 1% in premarket following after PulteGroup reported a better-than-expected fourth quarter. The company reported $3.63 in adjusted earnings per share on $5.17 billion of returns. Wall Street analysts were expected $2.93 in earnings per share on $4.58 billion of revenue, according to StreetAccount. PulteGroup’s homebuilding heavy margin rose year over year.

— CNBC’s Fred Imbert, Jesse Pound, Tanaya Macheel, Sarah Min, Carmen Reinicke and Michelle Fox aided reporting.

Correction: Caterpillar reported adjusted earnings per share of $4.27, according to Refinitiv. A previous version of this fairy tale used the company’s adjusted $3.86 figure, which did not strip out for a “foreign currency impact.”