Check out the companies making headlines before the bell. Hershey \u2014 Shares of the chocolate confectionary maker added about 1% after Hershey posted a first-quarter earnings beat. The company reported adjusted earnings of $3.07 per share, which came above the $2.76 per share analysts polled by LSEG had expected. Hershey’s $3.25 billion revenue also beat the $3.11 billion consensus. Apple \u2014 The tech giant jumped more than 7% after announcing it would repurchase $110 billion of its own stock and a top- and bottom-line beat. Apple posted fiscal second-quarter earnings of $1.53 per share on $90.75 billion in revenue. That topped analysts’ estimates for earnings of $1.50 per share on revenue of $90.01 billion, per LSEG. Amgen \u2014 Shares soared 13% after the biotech firm posted a first-quarter earnings and revenue beat. The company also announced it would proceed with its injectable obesity drug into a phase 3 trial. Simultaneously, shares of Novo Nordisk and Eli Lilly traded lower on Friday morning. Cloudflare \u2014 The stock continued to sink, plunging 12% after reporting weak full-year guidance, although Cloudflare posted a first-quarter earnings and revenue beat. Expedia \u2014 Shares of the online travel booking company slipped 11% after Expedia issued lower-than-expected guidance for its fiscal second quarter, with executives pointing to its Vrbo segment as a drag on its results. Firms including BMO Capital Markets and Piper Sandler downgraded the stock following the quarterly results. Fortinet \u2014 The security stock plunged 8% after the midpoint of its second-quarter billings forecast came in lighter than analysts had expected. However, the company beat analyst expectations for the first quarter. Block \u2014 Shares popped 9% a day after the payment services provider reported first-quarter adjusted earnings of 85 cents per share, topping the 72 cents per share expected in a LSEG analyst poll. Revenue was $5.96 billion, beating the consensus estimate of $5.82 billion. DaVita \u2014 The health-care provider popped nearly 5% after posting adjusted first-quarter earnings of $2.38 per share, which exceeded the $1.95 per share that analysts polled by FactSet had expected. DaVita’s revenue of $3.07 billion also surprised to the upside, beating expectations of $3.03 billion. Arista Networks \u2014 The cloud networking company gained almost 4% after Jefferies upgraded the stock to a buy rating from hold. The bank believes that Arista could be a “prime AI beneficiary.” Coinbase \u2014 Shares slipped 2% after the cryptocurrency exchange said that expenses might rise. However, Coinbase’s first-quarter revenue of $1.64 billion beat the $1.34 billion consensus, according to LSEG. Union Pacific \u2014 Shares rose more than 1% after the struggling railroad operator was upgraded to buy from hold at Stifel, which also increased its price target by $19 to $267. Analyst Benjamin Nolan said a “sweating-the-assets” strategy can be good for business. Mister Car Wash \u2014 The car wash stock rose 4% following an upgrade by JPMorgan to overweight. The bank cited an attractive valuation and visibility into improving trends as catalysts, saying the tide was shifting in the stock’s favor. \u2014 CNBC’s Brian Evans, Michelle Fox, Hakyung Kim and Tanaya Macheel contributed reporting.<\/span><\/span><\/span><\/span><\/p>\n<\/div>\n<\/div>\n Source: www.cnbc.com<\/p>\n","protected":false},"excerpt":{"rendered":" Check out the companies making headlines before the bell. Hershey \u2014 Shares of the chocolate confectionary maker added about 1% after Hershey posted a first-quarter earnings beat. The company reported adjusted earnings of $3.07 per share, which came above the $2.76 per share analysts polled by LSEG had expected. Hershey’s $3.25 billion revenue also beat…<\/p>\n","protected":false},"author":1,"featured_media":75393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"WB4WB4WP_MODE":"","WB4WP_PAGE_SCRIPTS":"","WB4WP_PAGE_STYLES":"","WB4WP_PAGE_FONTS":"","WB4WP_PAGE_HEADER":"","WB4WP_PAGE_FOOTER":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[78],"tags":[],"class_list":["post-75392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\n