Stocks making the biggest moves premarket: Coca-Cola, General Motors, JetBlue and others


In this article

Check out the companies making headlines before the bell:

Coca-Cola (KO) – Coca-Cola shares rose 2.9% in the premarket after the beverage giant’ third-quarter earnings and sales beat Street forecasts. The company also raised its full-year outlook as demand remains steady even as it has raised prices to make up for higher expenses.

General Motors (GM) – GM shares rallied 4.4% in premarket trading after the automaker reported a better-than-expected third-quarter profit, helped by rebounding sales. GM also said supply chain constraints are easing, allowing it to increase inventories on dealer lots.

JetBlue (JBLU) – JetBlue reported a quarterly profit as elevated travel demand helped to make up for rising costs. But its bottom line results fell short of estimates and revenue merely matched consensus. JetBlue slipped 4.5% in premarket trading.

Xerox (XRX) – The office equipment maker’s stock tumbled 8.2% in premarket action after it reported an adjusted quarterly profit of 19 cents per share compared with a consensus estimate of 40 cents. Xerox was hit by surging costs and supply chain constraints.

3M (MMM) – 3M reported better-than-expected earnings for the third quarter, but the conglomerate’s revenue fell short of Street forecasts. It also cut its full-year outlook due to rising costs and the impact of the strong U.S. dollar.

General Electric (GE) – GE jumped 4.2% in premarket action even though its earnings fell short of forecasts. The company cut its full-year outlook as it works its way through supply chain issues and higher costs. GE’s revenue was stronger than expected, as was free cash flow.

UPS (UPS) – The delivery service’s shares rallied 4.4% in the premarket following a mixed quarterly report that saw earnings beat consensus and revenue fall short. UPS was helped by expanded profit margins as it raised prices.

UBS (UBS) – UBS jumped 5.1% in the premarket after the Swiss bank posted better-than-expected quarterly results, helped by a jump in customer cash inflows to its wealth management business.

SAP (SAP) – SAP rose 3% in premarket action after the German business software company reported upbeat quarterly results, helped by strong growth in its cloud business. SAP also confirmed its full-year outlook.

Logitech (LOGI) – Logitech jumped 7% in the premarket after the maker of computer peripherals maintained its current full-year guidance, which was reduced in July. Logitech has seen sales cool off following a long period of elevated demand spurred by the pandemic.

Qualtrics (XM) – Qualtrics surged 9.6% in the premarket after the maker of customer feedback software reported better-than-expected quarterly results and lifted its full-year forecast.

Products You May Like

Articles You May Like

Walmart-backed fintech startup plans to launch its own buy now, pay later loans
360,000 student loan borrowers received $24 billion in forgiveness from fix to Public Service Loan Forgiveness
Tim Draper predicts bitcoin will reach $250,000 next year despite FTX collapse: ‘The dam is about to break’
Here are some things to think about before deciding to retire in another state
Supreme Court likely to rule that Biden student loan plan is illegal, experts say. Here’s what that means for borrowers

Leave a Reply

Your email address will not be published. Required fields are marked *