Business

JPMorgan Chase, BlackRock, Delta Air and others

Check out which companies hit the headlines before the call:

JPMorgan Chase (JPM) – JPMorgan Chase reported third-quarter earnings of $ 3.74 per share, up from the $ 3 consensus, with revenue also exceeding Wall Street forecasts. CEO Jamie Dimon said the quarter was successful despite the negative economic impact of the Delta Option and supply chain disruptions.

BlackRock (BLK) – The asset management firm earned $ 10.95 adjusted earnings per share in the third quarter, beating the consensus forecast of $ 9.35. Revenue also beat estimates, although some fees were canceled during the quarter. Assets under management rose, albeit less than analysts expected. BlackRock shares were up 2.6% premarket.

Delta Air Lines (DAL) – The airline beat estimates by 13 cents on adjusted quarterly earnings of 30 cents per share, with revenue also beating forecasts. Delta’s quarterly earnings were the first since the pandemic began, but a small loss is expected for the current quarter due to higher fuel costs. Delta shares in the premarket fell 1.6%.

SAP (SAP) – SAP rose 5.3% in premarket after the German business software company raised its annual forecast for the third time. The update comes as more customers move operations to the cloud.

Plug Power (PLUG) – A hydrogen fuel cell maker jumped 7.1% premarket after announcing a partnership with Airbus to decarbonize air travel and airport operations with plans to select a US airport as the first pilot airport for a hydrogen hub.

Hasbro (HAS) – Hasbro CEO Brian Goldner died at the age of 58, just days after taking sick leave. The toy maker did not provide a cause of death, but Goldner was diagnosed with prostate cancer in 2014. Hasbro shares fell 1% in premarket.

Qualcomm (QCOM) – Qualcomm has announced a $ 10 billion share buyback program. The recently announced buyback of the chipmaker is in addition to the $ 900 million still left over from the buyback program launched in July 2018. The shares rose 1.8% in the premarket.

Apple (AAPL) – Apple is likely to cut iPhone 13 production by as much as 10 million units due to global chip shortages, according to people familiar with the matter who spoke with Bloomberg. This will be about 11% less than current plans.

Vimeo (VMEO) – Vimeo reported that its total September revenue grew 33% year-over-year, with the video software company growing 14% subscribers and 16% average revenue per user. Vimeo added 3.6% premarket.

Sun Country Airlines (SNCY) – Sun Country dropped 5.7% premarket after the company announced an 8 million share offering. The shares are sold by the existing shareholders and the company will not receive any proceeds from the placement.

Sarepta Therapeutics (SRPT) – Sarepta tumbled 5.8% in premarket following the release of below analyst forecasts and a $ 500 million share placement announcement. Shares in the biotech company fell 8.1% on Monday despite upbeat drug trials, but rose 4.1% on Tuesday.


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