Polaris, UPS, Corning, Coinbase and more
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Check out these premarket movers:
Facebook (FB) – Facebook gained 1.9% in the premarket after reporting mixed resultsThe second quarter. Facebook beat all estimates by 3 Cents per share and posted quarterly earnings of $3.22/share. However, revenue fell as the pace of ad sales growth was slowing. Apple’sNew privacy restrictions for (AAPL).
General Electric (GE) – GE beat estimates by 14 cents a shareThe quarterly profit was 57 cents per shares. However, revenue came in lower than analysts expected. Additionally, free cash flow was better than expected. The shares of the company rose 1.4% during premarket trading.
Tesla (TSLA) – Tesla remains on watch after the company passed the $1 trillion dollar mark in value during Monday’s trading. Tesla shares lost 0.4% premarket, despite the stock riding a 10-session winning streak.
Polaris (PII) – The recreational vehicle maker’s stock tumbled 5.9% in premarket action after the company cut its full-year outlook, hurt by supply chain constraints. Polaris beat estimates, posting quarterly earnings of $1.98 per shares. However, revenue fell below consensus.
United Parcel Service (UPS) – UPS rallied 5% in the premarket following better-than-expected resultsThis is a. UPS reported quarterly earnings of $2.71 a share. This is 16 cents above the estimate. Strong e-commerce sales drove strong revenue growth.
Corning (GLW) – The glass and specialty materials maker fell 3.4% in the premarket after it reported that the automotive industry production slowdown impacted its quarterly results. Corning’s quarterly earnings were 56 cents per shares, missing estimates by 2 cents. Forecasts for revenue also fell short of expectations.
Eli Lilly (LLY) – The drugmaker’s shares gained 1% in premarket action despite a 4 cents a share quarterly earnings miss, with profit of $1.94 per share. Although revenue beat expectations, Lilly spent less money on research and development during the quarter. Company also improved its long-term outlook.
3M (MMM) – 3M reported quarterly earnings of $2.45 per share, compared to a consensus estimate of $2.20 a share. The Street had predicted that revenue would exceed. 3M witnessed an increase in demand for its consumer and industrial segments during the quarter.
Hasbro (HAS) – Hasbro beat consensus forecasts by 27 cents a shareQuarterly earnings for this company were $1.96 per share. Analyst projections were met by the toys maker. Hasbro warns that supply chain problems could impact holiday sales.
The RealReal (REAL) – The online seller of secondhand luxury goods saw its stock jump 4.8% in the premarket after Raymond James upgraded the stock to “outperform” from “market perform.” Raymond James points out near-term revenue strength as well as the potential for profit growth.
Coinbase (COIN) – The cryptocurrency exchange operator gained 2% in premarket trading after Citi began coverage of the stock with a “buy/high-risk” rating. Citi stated that the risks stem from the volatility of the crypto market, but added that the company would benefit from increased adoption.
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