Business

PG, XOM, CVX, CAT and even more

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Check out the companies making the headlines in front of the bell tower:

Procter & Gamble (PG) – The consumer goods giant rose 1.1% in the pre-market after beating 5-cent estimates with quarterly earnings of $ 1.13, while revenues also exceeded forecasts. P&G has warned of continued inflationary pressures as input costs rise. Separately, CEO David Taylor will leave in November after a 6-year term, to be replaced by Chief Operating Officer Jon Moeller. Taylor will become executive chairman.

Exxon Mobil (XOM) – Exxon Mobil earned $ 1.10 per share for the second quarter, 11 cents above estimates, while revenues also exceeded Wall Street forecasts. Exxon has benefited from improved cost structure and better market conditions.

Chevron (CVX) – Chevron rose 1.9% in premarket trading after beating 12-cent estimates with adjusted quarterly earnings of $ 1.71 per share. Revenues have also beaten estimates, as oil prices have risen and market conditions have improved.

Caterpillar (CAT) – Caterpillar fell 2% in the pre-market, despite better-than-expected earnings and revenue reports in the second quarter. Caterpillar hit 20-cent estimates with adjusted quarterly earnings of $ 2.60 per share, helped by a recovering global economy.

Robinhood (HOOD) – Robinhood’s stock remains on guard after slipping more than 8% in its first Wall Street session. CEO Vlad Tenev told CNBC’s Jim Cramer that he is not worried about today’s market fluctuations and that he takes a long-term view on the fortunes of the trading platform provider.

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Capri Holdings (CPRI) – The company behind luxury brands Michael Kors and Versace earned an adjusted $ 1.42 per share for its last quarter, well above the consensus estimate of 80 cents. Revenues have also exceeded forecasts and Capri has raised its annual forecast for the second time this year. The stock jumped 3.9% in premarket stock.

Restaurant Brands (QSR) – Relative of Tim Hortons, Popeyes and Burger King reported adjusted quarterly earnings of 77 cents per share, 51 cents above estimates, and revenues are also above Wall Street forecasts. The results have been boosted by a growing number of customers visiting restaurants as the pandemic unfolded.

Amazon (AMZN) – Amazon’s stock fell 6.6% in the pre-market after it missed Wall Street revenue estimates for the first time since the third quarter of 2018. However, it reported a quarterly profit of $ 15.12 per share, which beats the consensus estimate. of $ 12.30.

Pinterest (PINS) – Pinterest’s share was hammered at 21.2% in premarket trading after the image-sharing site operator reported a quarterly drop in average monthly users. Pinterest had seen the growing use during the pandemic that people stayed at home and spent more time in front of their computers. However, Pinterest exceeded analysts ’estimates for both profit and revenue for its last quarter.

T-Mobile US (TMUS) – T-Mobile reported quarterly earnings of 78 cents per share, 25 cents higher than the Road forecast, while the mobile service provider also saw battle estimates. The higher demand for 5G devices and services has helped increase their number of subscribers.

Gilead Sciences (GILD) – Gilead came in at 14 cents ahead of estimates with a quarterly adjusted profit of $ 1.87 per share, while the drugmaker’s revenues also exceeded estimates. However, Gilead’s top drug sales for HIV fell 2% during the quarter, and the stock lost 1.5% in premarket business.

Texas Roadhouse (TXRH) – Texas Roadhouse hit 9-cent estimates with quarterly earnings of $ 1.08 per share, while restaurant chain revenues were also above road forecasts. However, Texas Roadhouse said it expects food costs to continue to rise and its stock to fall 5.2% in the premarket.


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