Pfizer, UPS, Exxon, Alibaba - Tuesday's Premarket Movers

Stocks moving in premarket trading on Tuesday include Pfizer, Harley-Davidson, Alibaba and UPS.
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Stock futures on Tuesday rose, led by hopes for more U.S. stimulus and for progress on vaccinations.

Here are some of the top movers during premarket trading on Tuesday.

1. Pfizer PFE | Up 0.7%

Shares of Pfizer  (PFE) - Get Report were higher as the health-care group posted fourth-quarter earnings that missed estimates but exceeded the revenue target. 

Pfizer reported earnings of 42 cents a share,  a 14% increase from the year-earlier period. Revenue rose 12% to $11.7 billion. Analysts estimated earnings of 48 cents a share on revenue of $11.4 billion.

Pfizer now expects about $15 billion in revenue this year from its covid-19 vaccine developed with BioNTech.  (BNTX) - Get Report

2. United Parcel Service UPS | Up 4.8%

Shares of UPS  (UPS) - Get Report were rising after the Atlanta package-delivery giant posted a 21% jump in fourth-quarter revenue to $24.9 billion, beating analysts' expectations.

UPS posted adjusted earnings of $2.66 a share vs. $2.11 in the year-earlier quarter. Analysts polled by FactSet had been expecting $2.14 a share. 

3. Alibaba BABA | Down 0.4%

U.S. listed shares of Alibaba  (BABA) - Get Report dropped Tuesday even though the Chinese tech giant posted stronger-than-expected third-quarter earnings as its e-commerce business benefited due to the coronavirus pandemic.

Revenue rose 37% to 221.08 billion yuan ($34.24 billion) in the three months ended Dec. 31, above estimates of 214.38 billion yuan, according to data from Refinitiv.

4. Exxon Mobil XOM | Up 2%

Shares of Exxon Mobil  (XOM) - Get Report traded higher Tuesday even after the oil giant posted a net loss of more than $20 billion for the fourth-quarter but adjusted earnings topped Wall Street expectations.

Adjusted earnings fell to 3 cents a share from 41 cents a share, but beat the FactSet consensus of 1 cent a share. Group revenue, Exxon said, fell 31% to $46.5 billion and missed analysts' estimates of $48.76 billion.

Exxon also said it formed ExxonMobil Low Carbon Solutions, and would invest $3 billion in the group by 2025. It aims to reduce greenhouse gas by as much as 20% from 2016 levels.

5. Harley-Davidson HOG | Down 7.6%

Shares of Harley Davidson  (HOG) - Get Report fell on Tuesday after the motorcycle maker swung to a fourth-quarter loss on 32% lower revenue.

Harley reported a loss of 63 cents a share for the fourth quarter against expectations of a profit of 14 cents a share.

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