Twitter surged 8.2% in premarket trading after Tesla CEO Elon Musk offered to take the company private. Goldman Sachs reported better-than-expected first-quarter profit and revenue. Morgan Stanley earned $2.02 per share for the first quarter, beating the $1.68 consensus estimate.

Wells Fargo (WFC) reported adjusted quarterly earnings of 88 cents per share. The bank said the upbeat results came despite market volatility and economic uncertainty. UnitedHealth Group (UNH) reported an adjusted quarterly profit of $5.49 per share, 11 cents above estimates.

The drug store operator lost an adjusted $1.63 per share for its latest quarter, larger than the 57 cent loss expected by Wall Street analysts. Results were helped by growth in the company's Medicare Advantage business. Rite Aid also projected a fiscal 2023 loss that is smaller than analysts had been anticipating, as well as detailing a cost reduction program.

UPS (UPS) rose 1% after Loop Capital upgraded it to "buy" from "hold" Western Digital (WDC) and Seagate Technology (STX) were downgraded by Susquehanna Financial. Rent The Runway (RENT) reported a smaller-than-expected loss.
Posted by BI bizpoke
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