Coca-Cola, Normal Motors, JetBlue and others

News Update – Pre-Markets

Try the businesses making headlines earlier than the bell:

Coca-Cola (KO) – Coca-Cola shares rose 2.9% within the premarket after the beverage large’ third-quarter earnings and gross sales beat Avenue forecasts. The corporate additionally raised its full-year outlook as demand stays regular even because it has raised costs to make up for increased bills.

General Motors (GM) – GM shares rallied 4.4% in premarket buying and selling after the automaker reported a better-than-expected third-quarter revenue, helped by rebounding gross sales. GM additionally stated provide chain constraints are easing, permitting it to extend inventories on supplier tons.

JetBlue (JBLU) – JetBlue reported a quarterly revenue as elevated journey demand helped to make up for rising prices. However its backside line outcomes fell in need of estimates and income merely matched consensus. JetBlue slipped 4.5% in premarket buying and selling.

Xerox (XRX) – The workplace tools maker’s inventory tumbled 8.2% in premarket motion after it reported an adjusted quarterly revenue of 19 cents per share in contrast with a consensus estimate of 40 cents. Xerox was hit by surging prices and provide chain constraints.

3M (MMM) – 3M reported better-than-expected earnings for the third quarter, however the conglomerate’s income fell in need of Avenue forecasts. It additionally lower its full-year outlook as a result of rising prices and the affect of the robust U.S. greenback.

General Electric (GE) – GE jumped 4.2% in premarket motion although its earnings fell in need of forecasts. The corporate lower its full-year outlook as it really works its means by way of provide chain points and better prices. GE’s income was stronger than anticipated, as was free money stream.

UPS (UPS) – The supply service’s shares rallied 4.4% within the premarket following a combined quarterly report that noticed earnings beat consensus and income fall quick. UPS was helped by expanded revenue margins because it raised costs.

UBS (UBS) – UBS jumped 5.1% within the premarket after the Swiss financial institution posted better-than-expected quarterly outcomes, helped by a bounce in buyer money inflows to its wealth administration enterprise.

SAP (SAP) – SAP rose 3% in premarket motion after the German enterprise software program firm reported upbeat quarterly outcomes, helped by robust progress in its cloud enterprise. SAP additionally confirmed its full-year outlook.

Logitech (LOGI) – Logitech jumped 7% within the premarket after the maker of laptop peripherals maintained its present full-year steerage, which was diminished in July. Logitech has seen gross sales cool off following a protracted interval of elevated demand spurred by the pandemic.

Qualtrics (XM) – Qualtrics surged 9.6% within the premarket after the maker of buyer suggestions software program reported better-than-expected quarterly outcomes and lifted its full-year forecast.

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