PYPL - Hot Stocks: FB jumps on earnings beat; MCD PYPL rise; BTU posts quarterly loss

Earnings news remained the crucial catalyst in Thursday's pre-market action. Meta Platforms (NASDAQ:FB) stepped into the spotlight, with the Facebook parent posting a double-digit percentage rally in the wake of its quarterly report. McDonald's (MCD) and PayPal (PYPL) also received a boost from corporate results. Both saw pre-market gains after the release of their respective financial figures. On the other side of the spectrum, Peabody Energy (BTU) plunged before the opening bell, as labor shortages and heavy rains in Australia led to a Q1 loss. Gainers A better-than-expected profit figure prompted a surge of buying interest in Facebook parent Meta Platforms (FB). The stock jumped 16% in pre-market action. The social media giant missed expectations with its revenue total, which rose just 7% from last year to reach $27.9B. However, investors focused on earnings figures that topped projections, despite net income that declined 21% from last year.  FB said daily

For further details see:

Hot Stocks: FB jumps on earnings beat; MCD, PYPL rise; BTU posts quarterly loss