Business

Biogen, Novavax, Netflix, Verizon & more

A buyer enters a Verizon retailer in San Francisco, California, U.S., on Tuesday, July 20, 2021.

Bloomberg | Getty Photos

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

Anthem (ANTM) — The well being insurer reported adjusted quarterly revenue of $6.79 per share, beating the $6.37 per share consensus estimate from Refinitiv, with income additionally topping forecasts. Anthem additionally raised its full-year outlook amid greater premiums for its Medicare and Medicaid companies. 

Biogen (BIIB) — The drug maker’s inventory rose 2.2% within the premarket after the corporate beat estimates on the highest and backside traces and raised its full yr forecast. Biogen earned an adjusted $4.77 per share for the quarter, in contrast with a consensus estimate of $4.11 per share. The corporate continues to be optimistic about prospects for its Alzheimer’s drug Aduhelm, regardless of slower than anticipated adoption.

Novavax (NVAX) — The drug maker’s shares tumbled 26.1% within the premarket following a Politico report saying it was having bother assembly Meals and Drug Administration high quality requirements for its Covid-19 vaccine.

Winnebago (WGO) — The leisure automobile maker beat estimates by 56 cents with adjusted quarterly earnings of $2.57 per share, whereas income exceeded estimates as effectively. Outcomes had been helped by robust shopper demand, which allowed the corporate to boost costs amid greater enter prices. Winnebago added 2.4% in premarket buying and selling.

Verizon (VZ) — Verizon beat estimates by 5 cents with an adjusted quarterly revenue of $1.41 per share, although income was barely beneath Road forecasts. Verizon additionally elevated its full-year steering, as rising 5G adoption boosts gross sales. Verizon rose 1% within the premarket.

Netflix (NFLX) — Netflix reported quarterly earnings of $3.19 per share, beating the Refinitiv consensus estimate of $2.56 per share, with income in keeping with forecasts. Netflix added 4.4 million new subscribers through the quarter, exceeding expectations, however it did forecast present quarter earnings beneath consensus. Netflix fell 2.2% in premarket motion. 

United Airlines (UAL) — United misplaced an adjusted $1.02 per share for the third quarter, smaller than the lack of $1.67 per share that Wall Road had anticipated. United stated the unfold of the Covid delta variant has slowed, however not derailed, its restoration. United shares had been up 1.6% within the premarket.

Canadian National Railway (CNI) — The railroad’s CEO Jean-Jacques Ruest will retire on the finish of January. Buyers had been calling for his exit after the corporate’s failed bid for Kansas City Southern (KSU). The inventory rallied 3.3% within the premarket.

Brinker International (EAT) — Brinker stated its revenue margins have been dented by greater labor and commodities prices. The mother or father of Chili’s and different restaurant chains stated the surge within the Covid delta variant exacerbated these points. Brinker tumbled 13.7% in premarket buying and selling.

WD-40 (WDFC) — WD-40 shares slumped 11% within the premarket after the lubricant maker reported a lower-than-expected revenue and income for its newest quarter. CEO Garry Ridge stated the pandemic had created irregular swings within the firm’s gross sales outcomes.

Tegna (TGNA) — Tegna gained 1.2% in premarket buying and selling following a Bloomberg report that media mogul Byron Allen has acquired extra backing for his $23 per share provide for the TV broadcasting firm. 

https://www.cnbc.com/2021/10/20/stocks-making-the-biggest-moves-before-the-bell-biogen-novavax-netflix-verizon-more.html | Biogen, Novavax, Netflix, Verizon & extra

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