Check out the companies making headlines before the bell: PayPal — Shares rose nearly 3% after PayPal reported first-quarter profit of $1.34 per share on an adjusted basis on revenue of $8.35 billion. Analyst estimates compiled by LSEG were for earnings of $1.27 per share and revenue of $8.05 billion. Anheuser-Busch InBev — Budweiser’s parent company soared more than 7% after the company reported higher quarterly profits and sales. Anheuser-Busch earned 97 cents per share on revenue of $15.27 billion. Analysts had expected revenue of $14.87 billion and earnings per share of 89 cents, per LSEG. Pfizer — The pharmaceutical giant reported better-than-expected earnings and revenue in the first quarter, sending its stock slightly higher in early trading. The company earned 75 cents per share, excluding certain items, on revenue of $14.45 billion. Analysts polled by LSEG had expected sales of $13.79 billion and earnings of 72 cents a share. Intel — Shares rise more than 3% after Bloomberg report Apple has held early talks with Intel about using the company’s chip manufacturing services, people familiar with the matter said. According to reports, the iPhone maker is also in exploratory talks with Samsung Electronics. Pinterest — The image-sharing platform soared 15%. The company forecast second-quarter sales of $1.13 billion to $1.15 billion, higher than analysts’ expectations of $1.11 billion. First-quarter results also beat LSEG’s consensus estimates, with adjusted earnings of 27 cents per share and revenue of $1.01 billion. Palantir — Despite the company’s better-than-expected first-quarter results, its stock price fell nearly 3%. LSEG said adjusted earnings per share were 33 cents, beating analysts’ expectations of 28 cents per share. Palantir’s sales of $1.63 billion also exceeded expectations of $1.54 billion. Fidelity National Information Services — Shares rose 5% after Fidelity announced it was partnering with Anthropic to develop new artificial intelligence tools for banks, starting with an agent to monitor financial crimes. Paramount Skydance — Entertainment shares rose 1.5% after Paramount Skydance posted adjusted earnings of 23 cents per share on revenue of $7.35 billion in the first quarter. Analysts polled by LSEG had expected earnings of 15 cents and revenue of $7.28 billion. Duolingo — The language learning app maker fell 7% after reporting lower-than-expected monthly active user numbers in the first quarter. Duolingo announced it had 137.8 million active users, below the 145.6 million that analysts had been looking for, according to Street Accounts. Bookings for the second quarter are expected to be $284 million, below street expectations of $295 million. Diamondback Energy — The oil and gas stock fell 1% even though the company beat first-quarter adjusted earnings and adjusted EBITDA. Diamondback also announced that its board of directors has approved a 5% increase in the company’s base cash dividend. The stock is up more than 40% this year. Sonos — Shares rose more than 9% after the audio products maker reported second-quarter revenue of $281.5 million, an 8% year-over-year increase. The company had expected third-quarter sales of $355 million to $375 million, compared with the $362.2 million expected by analysts surveyed by FactSet. Firefly Aerospace — The aerospace and defense company soared 11% after posting an adjusted loss of 46 cents a share in the first quarter, but the loss was narrower than the 51 cents expected by analysts surveyed by FactSet. The company had revenue of $80.9 million, which also beat estimates of $77.1 million. Fabrinet — The precision optics company plunged 11%. Fourth-quarter revenue guidance ranged from $1.25 billion to $1.29 billion, with the FactSet consensus calling for $1.26 billion, but the Street disappointed. This outlook overshadowed sales and bottom line growth in the third quarter. ON Semiconductor — The semiconductor stock fell more than 4%. The company’s second-quarter revenue outlook narrowly beat analysts’ expectations, coming in at $1.54 billion to $1.64 billion, compared to the FactSet consensus estimate of $1.53 billion. In other regions, first-quarter sales and bottom line profits exceeded expectations. IAC — the digital brand holding company now known as People Inc.’s stock price fell more than 7%. IAC lowered its 2026 adjusted EBITDA outlook to $260 million from $210 million, also below FactSet’s forecast of $278.4 million. It had previously been expected to fetch between $260 million and $335 million. The company also expects full-year operating profit to be in the range of $10 million to $80 million, compared with previous estimates of $95 million to $190 million and lower than the $126.1 million expected by analysts, according to FactSet. —CNBC’s Lisa Kailai Hung and Fred Imbert contributed reporting
