Big Moves Being Made By Stocks Premarket: Alphabet, Salesforce, MasterCard & more

Campbell Soup (CPB)-In spite of sales being slightly below expectation as organic sales were down by 1%, Campbell Soup reported a better-than-expected quarterly profit. For the first time in 10 quarters, the company saw an increase in its share of the soup market.

Alphabet (GOOGL)-The Company announced that the CEO of its Google unit, Sundar Pichai would replace the co-founder Larry Page as the CEO. The company’s other co-founder, Sergey Brin, will give up his title as president, none the less, both Brin and Page will remain on the board of directors.

Salesforce.com (CRM)-Salesforce reported to have beat the consensus estimate of 66 cents a share after making quarterly earnings of 75 cents per share. The business software provider’s revenue exceeded forecasts as well. Salesforce is seeing demand rise as more businesses move to the cloud. The company also issued a 2020 profit forecast above the Street’s outlook.

MasterCard (MA) – MasterCard announced a 21% increase in its quarterly dividend, to 40 cents a share from the prior 33 cents a share. It further announced a newshare repurchase program of $8 billion.

Qualcomm (QCOM) – Qualcomm will appeal a South Korean High Court decision to uphold a record $873 million fine against the chipmaker. The fine had been imposed for allegedly unfair business practices.