Biggest Stock Movers Premarket: Procter & Gamble, Travelers, Nasdaq and More

Date:

Share post:

Procter & Gamble (PG) – The consumer goods conglomerate’s quarterly profits of $1.57 per share were 3 cents more than expected, with revenue also above Wall Street predictions. Organic sales increased by 7%, although P&G reduced its full-year revenue projection owing to the impact of a higher US currency. P&G climbed 1.7% in premarket trading.

Tourists (TRV) – Travelers gained 1% in premarket trade after exceeding top and bottom line expectations for the most recent quarter. The insurance company’s disaster losses increased over the previous year, but its earnings were aided by record insurance premiums.

GNRC (Generac) – The power equipment manufacturer reported preliminary third-quarter earnings that fell short of Wall Street expectations. Residential sales were hampered throughout the quarter, according to Generac, and its largest clean-energy customer suspended operations and declared bankruptcy. In the premarket, Generac fell 16.8%.

Nasdaq (NDAQ) – The Nasdaq climbed 1.5% in premarket trading after announcing better-than-expected third-quarter profit and sales. As investors rebalanced their portfolios in reaction to market volatility, Nasdaq witnessed increased demand for its different investment products.

Netflix Inc. (NFLX) – Netflix jumped 12.2% in premarket trade after announcing 2.4 million new members in the most recent quarter. That was more than double the video streaming service’s estimate and reversed a two-quarter decline in users.

Adobe Systems Incorporated (ADBE) – In the premarket, the software maker’s shares jumped 1.7% as it reiterated its former current-quarter guidance, which encouraged investors who had seen other tech companies lower their forecasts as sales declined.

JB Hunt Transport (JBHT) – JB Hunt reported higher-than-expected earnings and sales for the most recent quarter, but the logistics business warned of a slow Christmas season as shipment volumes fall. JB Hunt gained 2.5% in premarket trading.

United Airlines (UAL) – rose 5.3% in premarket trade after announcing better-than-expected quarterly results and offering an optimistic earnings projection for the current quarter, despite the sustained spike in travel demand.

Intuitive Surgical (ISRG) – Intuitive Surgical gained 10% in after-hours trading after reporting quarterly earnings and sales that above Wall Street estimates. The medical device manufacturer’s achievements were aided by a 20% increase in the number of surgeries conducted with its da Vinci robotic surgical systems.

Interactive Brokers (IBKR) – jumped 2.6% in premarket trading after the business announced a 73% increase in net interest income and a 3% increase in commission revenue for the quarter.

ASML (ASML) — Despite a general industry slowdown, ASML announced better-than-expected quarterly revenue and profit. ASML gained 5.2% in premarket trading.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Related articles

The Benefits of a Creative Subscription with Envato Elements

If you’re looking to find and use royalty-free images and other creative resources, it can be tough to...

Get an Additional ₹100 Cashback When You Pay with Domino’s Digital Wallet Partners

How does ₹100 cashback sound? Find out more about the additional cashback you can get when you pay...

Get Unlimited Access to DataCamp’s Library of Online Courses

DataCamp subscriptions enable access to over 300 courses, as well as projects, assessments, and additional content. Whether you're...

Why You Should Buy from DaMENSCH: The Best in Quality, Service, and Value

Buying products online can be dangerous; you never know if you’re getting an authentic product, or one that’s...