Logitech (LOGI)
Logitech surged 7% in premarket action after the computer
peripherals maker maintained its current full-year guidance, which was reduced
in July. Logitech has seen a sales slowdown after a long period of high demand
spurred by the pandemic.
Coca-Cola (KO)
Shares of the beverage giant rose 2.9% in premarket trading
after the third-quarter earnings and sales beat Street forecasts. Coca-Cola
also raised its full-year forecast as demand remains stable even as it has
raised prices to make up for higher expenses.
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Xerox (XRX)
Shares of the office equipment maker plunged 8.2% in
premarket trading after it reported an adjusted quarterly profit of 19 cents
per share compared with a consensus estimate of 40 cents. Xerox was hit by
surging costs and supply chain issues.
General Motors (GM)
GM shares surged 4.4% in premarket action the automaker
reported a better-than-expected third-quarter profit, helped by rebounding sales.
The company said supply chain constraints are easing, allowing it to increase
inventories on dealer lots.
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JetBlue (JBLU)
JetBlue shed 4.5% in the premarket after reporting a
quarterly profit as elevated travel demand helped to make up for rising costs. However,
its bottom-line results fell short of estimates, and revenue merely matched
consensus.
General Electric (GE)
General Electric rose 4.2% in the premarket despite
reporting lower-than-expected earnings. The company slashed its full-year
outlook as it works its way through supply chain constraints and higher costs.
GE’s revenue was higher than expected, on account of free cash flow.
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Qualtrics (XM)
Qualtrics rallied 9.6% in the premarket trading the
customer feedback software maker reported better-than-expected quarterly
results and raised its full-year forecast.
UPS (UPS)
The delivery service’s stock surged 4.4% in premarket
action after a mixed quarterly report that saw higher-than-expected earnings
and low revenue. UPS was supported by profit margins as it raised prices.
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UBS (UBS)
Shares of the Swiss bank gained 5.1% in premarket trading
after it reported expected quarterly results, supported by a surge in customer
cash inflows to its wealth management business.
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SAP (SAP)
SAP added 3% in the premarket after the German business
software company reported encouraging quarterly results, on the back of strong
growth in its cloud business. SAP also confirmed its full-year outlook.