Delta Air Lines (DAL) – Delta rose 6.6% in premarket after reporting lower-than-expected quarterly losses and forecasting earnings for the current quarter. The airline also said that monthly revenues exceeded pre-pandemic levels for the first time in March. JPMorgan Chase (JPM) – The bank reported quarterly earnings of $ 2.63 per share, 6 cents lower than expected, although earnings exceeded Wall Street forecasts. JPMorgan earnings fell 42% year-on-year as trading volume slowed and trading revenue fell. The share fell 1.1% in the pre-purchase. Bed Bath & Beyond (BBBY) – The home retailer reported an adjusted quarterly loss of 92 cents per share, compared with analysts’ expectations for a profit of 3 cents per share. Bed Bath & Beyond launched price increases during the quarter, but it was not enough to offset rising shipping costs and other adverse factors. Shares of Bed Bath & Beyond fell 8% in preliminary trading. BlackRock (BLK) – The asset management company reported an adjusted quarterly profit of $ 9.52 per share compared to the consensus estimate of $ 8.75. Revenue was substantially as forecast. BlackRock was helped by rising inflows as managed assets rose to $ 9.57 trillion from just $ 9 trillion a year earlier. Antares Pharma (ATRS) – Shares of the specialist pharmaceutical company rose 48.7% in pre-orders after agreeing to buy from Halozyme Therapeutics (HALO) for $ 960 million, or $ 5.60 per share, in cash. PayPal Holdings (PYPL) – PayPal CFO John Rainey is leaving the paying company to take on the same role at Walmart (WMT), effective June 6. Rainey will replace Brett Biggs, who has been chief financial officer since 2015. PayPal fell 3.5% in premarket activity. Siers %. Charles Schwab (SCHW) – The stock company gained 1% in preliminary trades after Morgan Stanley described it as a “top choice”, saying that Schwab would benefit from the interest rate hike and that it has an attractive valuation compared to with its counterparts.
