Pfizer Inc. (NYSE:PFE) is trading lower before the opening bell. The drug company reported a profit of $3.74 billion (48 cents per share), compared to $866 billion (11 cents per share) last year. Eli Lilly (NYSE:LLY) and Merck (NYSE:MRK) are also trading lower.
Investing Insights: Pfizer Inc. Earnings Cheat Sheet: Fourth Straight Quarter of Profit Growth.
Shares of Archer Daniels Midland (NYSE:ADM) are down more than 3% in early trading. The company’s fiscal first-quarter net income increased to $460 million (68 cents per share), compared to $345 million (54 cents per share) last year.
MetroPCS Communications (NYSE:PCS) is down 9% in early trading. The company announced that third quarter earnings fell 10%, as the wireless-service provider added fewer subscribers. Verizon (NYSE:VZ) and AT&T (NYSE:T) are both trading lower as well.
Baker Hughes Inc.’s (NYSE:BHI) is getting hammered 10% before the opening bell. The company reported a profit of $706 million ($1.61 per share), compared to $22 million (59 cents per share) last year. However, excluding a tax benefit, earnings were only $1.18 per share, on estimates of $1.22 per share.
Investing Insights: Baker Hughes Inc. Earnings Cheat Sheet: Double-Digit Growth Again.
Shares of Dollar Thrifty Automotive Group (NYSE:DTG) are ticking higher after reporting a 36% jump in third quarter earnings. Vehicle rental revenue increased 2.4%, which beat the company’s own forecast. Competitors include Avis Budget Group (NYSE:CAR) and Hertz Global Holdings (NYSE:HTZ).