Business

AT&T, IBM, Crocs, Blackstone & more

Crocs retailer in New York Metropolis.

Michael Brochstein | SOPA Photographs | LightRocket | Getty Photographs

Take a look at the businesses making headlines earlier than the bell:

AT&T (T) – AT&T rose 1.5% in premarket buying and selling, after the corporate beat estimates by 9 cents with an adjusted quarterly revenue of 87 cents per share. Income additionally got here in above analyst forecasts, with AT&T seeing development in demand for its telephone and web companies in addition to HBO and HBO Max.

Danaher (DHR) – The maker of medical and diagnostic tools earned an adjusted $2.39 per share for the third quarter, 24 cents above estimates, with income additionally topping predictions. Danaher noticed a big contribution to outcomes from Covid-19 testing and therapy. Shares have been flat within the premarket.

Blackstone (BX) – The non-public fairness agency inventory gained 2.8% in premarket motion, after earnings per share got here in at $1.28, topping a consensus estimate of 91 cents. Blackstone benefited from robust funding efficiency, amongst different elements.

Dow Inc. (DOW) – The chemical maker got here in 19 cents above estimates with an adjusted third-quarter revenue of $2.75 per share, with income additionally above estimates. Dow noticed improved efficiency in packaging and specialty plastics in addition to coatings, and the inventory rose 1.2% in premarket buying and selling.

Quest Diagnostics (DGX) – The medical lab operator noticed its shares leap 3.4% within the premarket following better-than-expected quarterly outcomes. Quest earned an adjusted $3.96 per share, in comparison with a consensus estimate of $2.88 per share. The corporate’s outcomes acquired a lift from elevated Covid testing, and it raised its full 12 months outlook.

Crocs (CROX) – Crocs surged 11.1% within the premarket, following adjusted quarterly earnings of $2.47 per share in comparison with a $1.88 consensus estimate. The shoe maker’s income additionally beat forecasts, with digital gross sales up 69%.

IBM (IBM) – IBM beat estimates by 2 cents with adjusted quarterly earnings of $2.52 per share, however income fell beneath analyst forecasts amid some weak point within the firm’s cloud enterprise and a pullback in consumer spending. IBM slid 5% in premarket buying and selling.

CSX (CSX) – CSX reported quarterly earnings of 43 cents per share, 5 cents above estimates, with the railroad operator’s income exceeding estimates as effectively. The beat was pushed by a rise in delivery volumes that was 3% above the robust year-ago stage. CSX shares rallied 3.9% in premarket buying and selling.

Tenet Healthcare (THC) – Tenet earned an adjusted $1.99 per share for its newest quarter, effectively above the $1.02 consensus estimate, and the hospital operator additionally reported higher than anticipated income in addition to elevating its full-year earnings forecast. Tenet’s outcomes acquired a lift from elevated admissions in addition to a leap in income per admission. The inventory jumped 4% in premarket motion.

Unilever (UL) – Unilever gained 1.3% in premarket buying and selling after the patron merchandise big reported higher than anticipated quarterly outcomes. The maker of Dove cleaning soap and Hellman’s mayonnaise was in a position to elevate costs to offset greater enter prices, however warned that it expects inflation was more likely to speed up in 2022.

Canadian National Railway (CNI) – The Wall Street Journal reported that activist investor Elliott Administration has taken a “substantial” stake within the rail operator. One other activist investor, TCI Fund Administration, already has a greater than 5% stake in Canadian Nationwide. Shares have been flat within the premarket.

https://www.cnbc.com/2021/10/21/stocks-making-the-biggest-moves-before-the-bell-att-ibm-crocs-blackstone-more.html | AT&T, IBM, Crocs, Blackstone & extra

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