Stocks making the biggest moves in the premarket: Kimberly-Clark, Boston Beer, Mattel & more

Stocks making the biggest moves in the premarket: Kimberly-Clark, Boston Beer, Mattel & more

Take a look at some of the biggest movers in the premarket:

Kimberly-Clark (KMB) - The consumer products company's stock dropped 6.4% in premarket action after it reported weaker-than-expected profit and sales for its latest quarter and gave a full-year forecast that came in below Wall Street consensus. Kimberly-Clark said it faced a number of challenges during the quarter, including supply chain issues and difficult comparisons to a year ago when consumers stocked up on items as the pandemic began.

Boston Beer (SAM) - The Sam Adams brewer surged 7.6% in premarket action after beating top and bottom line estimates by a wide margin for its latest quarter. Boston Beer's results were helped by a jump in sales for its Truly hard seltzer brand.

Mattel (MAT) - The toy maker's shares rallied 6.8% in premarket action after it reported record 47% sales growth for its latest quarter compared to a year ago. Mattel reported a much smaller-than-expected loss, but revenue beat forecasts on strong sales of toys like Barbie dolls and Hot Wheels cars.

American Express (AXP) - American Express reported first-quarter profit of $2.74 per share, beating the consensus estimate of $1.61 a share. The financial services company's revenue came in slightly short