Stocks - Berkshire Hathaway, PepsiCo Rise in Pre-market; SeaWorld Soars

Aug 06, 2018

Stocks in focus in pre-market trade Monday:

Berkshire Hathaway (NYSE:BRKb) stock gained 1.97% by 8:10 AM ET (12:10 GMT) after the company reported a 67% increase in quarterly operating profit, beating estimates on both the top and bottom lines.

• SeaWorld Entertainment (NYSE:SEAS) stock soared 11.31% as the company reported that attendance improved by 4.8% in the second quarter.

• PepsiCo (NASDAQ:PEP) stock advanced 0.94% as the company announced that Ramon Laguarta was elected chief executive officer, replacing Indra Nooyi who is stepping down after 24 years at the company, the last 12 at the helm.

• Apple (NASDAQ:AAPL) stock edged forward 0.08% despite a report that Taiwan Semiconductor Manufacturing, that makes chips for iPhones, was hit by a computer virus that could delay shipments. Analysts said the impact would be limited.

Tyson Foods (NYSE:TSN) stock jumped 2.16% as a 17% increase in fiscal third-quarter adjusted earnings per share beat estimates.

• Newell Brands (NYSE:NWL) stock rose 2.3% after the company reported second-quarter earnings per share that beat consensus, but sales that disappointed.

• Kosmos Energy (NYSE:KOS) stock sank 4.06% after the company posted a larger-than-expected loss per share in the second quarter.

Cardinal Health (NYSE:CAH) stock gained 0.42% as the company reported better-than-expected fiscal fourth-quarter results.

• Sotheby’s (NYSE:BID) stock fell 0.85% as second-quarter earnings per share came in well below estimates.

BioCryst Pharmaceuticals Inc (NASDAQ:BCRX) stock traded up 3.79% after the company announced that the Food and Drug Administration has granted a Fast Track Designation for its treatment for the prevention of angioedema attacks in patients with hereditary angioedema.