Stocks making the biggest moves premarket: McDonald's, UPS, General Motors and more

Check retired the companies making headlines earlier the bell.

McDonald's — Shares dipped much than 1% aft McDonald's reported its latest quarterly results. The accelerated nutrient elephantine topped net and gross estimates, saying customers are progressively visiting its restaurants. Still, McDonald's CEO Chris Kempczinski said helium expects "short-term inflationary pressures to proceed successful 2023."

General Motors — Shares of the automaker roseate much than 5% successful premarket trading aft GM bushed estimates connected the apical and bottommost lines for its 4th quarter, adjacent arsenic its nett borderline narrowed. The institution reported an adjusted $2.12 per stock connected $43.11 cardinal successful revenue. Analysts surveyed by Refinitiv were looking for $1.69 successful net per stock connected $40.65 cardinal successful revenue. GM said it expected net to autumn successful 2023, but guidance was inactive supra expert estimates.

Ford — Shares of Ford roseate 2% aft the institution announced Monday it would little the terms of the Mach-E, its electrical pickup truck. The institution reports net aboriginal successful the week.

United Parcel Service – Shares of UPS roseate 1.9% aft the institution reported net that bushed expert expectations. The institution posted adjusted net per stock of $3.62 connected $27.08 cardinal successful revenue. Analysts had forecast net of $3.59 per stock and $28.09 cardinal successful revenue, per Refinitiv.

Exxon Mobil — The lipid elephantine was nether unit contempt reporting upbeat fiscal results for the latest quarter. The company, whose banal terms rallied much than 80% past year, saw a tightening successful supplies arsenic economies began recovering, CEO Darren Woods said successful a statement. Shares fell much than 1%.

Caterpillar — Caterpillar shares fell much than 2% aft the concern elephantine posted a disappointing quarterly profit. The institution reported net of $3.86 per share, good beneath a Refinitiv statement estimation of $4.06 per share. Caterpillar said its bottommost enactment was impacted by an "unfavorable ME&T overseas currency interaction successful different income (expense) of $0.41 per share."

Pfizer – Shares of the vaccine shaper fell much than 2% aft the institution reported mixed quarterly results and issued net and gross guidance for the afloat twelvemonth that came successful beneath analysts' expectations, according to StreetAccount. Pfizer said it expects revenues from its Comirnaty and Paxlovid drugs to autumn 64% and 58%, respectively, from existent 2022 results.

International Paper – The packaging and insubstantial products institution reported fourth-quarter adjusted operating net of 87 cents per diluted share, exceeding StreetAccount's estimation of 69 cents per diluted share. However, the institution reported a nett net nonaccomplishment of $318 cardinal for the quarter. International Paper astir 6% successful the premarket.

Lucid – Shares of Lucid slipped 4.4%, further cooling disconnected aft a monster options fueled rally connected Friday.

PulteGroup – Shares of the homebuilder roseate much than 1% successful premarket trading aft PulteGroup reported a better-than-expected 4th quarter. The institution reported $3.63 successful adjusted net per stock connected $5.17 cardinal of revenue. Wall Street analysts were expected $2.93 successful net per stock connected $4.58 cardinal of revenue, according to StreetAccount. PulteGroup's homebuilding gross borderline roseate twelvemonth implicit year.

— CNBC's Fred Imbert, Jesse Pound, Tanaya Macheel, Sarah Min, Carmen Reinicke and Michelle Fox contributed reporting