[ad_1]
Check out the companies making headlines before the bell.
american express (AXP) – The financial services firm reported quarterly earnings of $2.47 per share, 6 cents better than expected, and earnings also beat Wall Street estimates. American Express also raised its full-year forecasts and increased reserves to protect against default as customer spending surged. The stock fell 4.7% in the premarket.
verizon (VZ) – Verizon garnered an adjusted $1.32 in the third quarter, beating consensus expectations by 3 cents and also beating earnings. and pointed out that it expected a negative impact from the price increase.
snap (SNAP) – Shares of Snapchat’s parent company fell 28.2% in the premarket after forecasting no revenue growth this quarter. The slowdown in the digital advertising market has also sent shares of other companies that rely on advertising revenue down. Pinterest (PINS) Slide 7.5%, meta platform (META) 3.5% loss, alphabet (GOOGL) 1.7% off twitter (TWTR) fell 6.9%.
CSXMore (CSX) – The rail operator’s shares rose 5.2% in pre-market trading following better-than-expected results in the third quarter. This has benefited from increased shipment volumes and higher prices.
Tenet Healthcare (THC) – The hospital operator’s stock fell 18% in pre-market action after announcing a weaker-than-expected outlook. Tenet said it was working to recover from a cyberattack earlier this year and his Covid-19 spike in employees.
Bellis Residential (VRE) – A New Jersey rental apartment owner is the subject of an unsolicited takeover bid by rival Kushner, a person familiar with the matter told The Wall Street Journal. The bid is said to be worth $16 per share, compared to yesterday’s closing price of $12.42. Veris is up 13.5% in premarket trading.
Intercontinental Hotel (IHG) – The parent company of Holiday Inn saw its share price drop 4.2% in the premarket following news that chief financial officer Paul Edgecliff-Johnson had stepped down to join bookmaker Flutter Entertainment.
Whirlpool (WHR) – Appliance makers’ latest quarter earnings and revenues fell short of Wall Street estimates. The company also posted a weaker-than-expected outlook amid softening demand and lower production. Whirlpool fell 4.4% in premarket action.
under armor (UAA) – Shares of the athletic apparel maker fell 2.6% in the premarket after Telsey Advisory Group downgraded from outperform to market performance. Telsey is making calls based on rising inventory levels for rivals such as: Nike (NKE) and Adidas said they have less Under Armor inventory than their competitors.
[ad_2]
Source link
