Stock Groups

Robinhood, McDonald’s, Microsoft & more

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See the top companies that made headlines Wednesday morning before the bell.

Coca-Cola (KO) — Coca-Cola jumped 2.9% in the premarket following a profit and revenue beat for the beverage giant, which also raised its full-year forecast. Coca-Cola posted adjusted quarterly earnings at 65 cents per share. This is 7 cents more than a Refinitiv estimate. Reopening theaters and restaurants helped to improve results.

McDonald’s (MCD) — McDonald’s climbed 3.1% after reporting adjusted quarterly earnings of $2.76 per share, 30 cents above estimates. Added prices and the introduction of new menu items helped to exceed analyst expectations in terms of revenue and comparable restaurant sales.

Boeing (BA) — Boeing reported an adjusted quarterly loss of 60 cents per share, compared with an expected loss of 20 cents per share, while revenue fell short of forecasts as well. Boeing reported a higher than anticipated free cash flow and saw the stock rise about 1% before market action.

General Motors (GM) — GM fell 1.2% in the premarket even after exceeding Wall Street forecasts on both the top and bottom lines. An adjusted $1.52 per Share was earned by the automaker in the third quarter. This is well over the consensus estimate of 96 cents. The automaker also provided a positive outlook for the full year.

Harley-Davidson (HOG) — The motorcycle maker reported quarterly earnings of $1.05 per share, beating the 70 cent consensus estimate, with revenue topping forecasts as well. Harley stated that it was working to reduce the effects of supply chain problems and its stock rose 2.5%.

Spotify (SPOT) — The music streaming service reported a larger-than-expected quarterly loss, but revenue beat analyst estimates as did user growth. Premarket, the stock rose 2.5% 

Microsoft (MSFT) — Microsoft beat estimates by 20 cents with adjusted quarterly earnings of $2.27 per share, with revenue above estimates as well. Microsoft saw significant growth from its cloud computing business. In premarket action, the stock rose 1.5%

Alphabet (GOOGL) — Alphabet earned $27.99 per share for the third quarter, beating the Refinitiv estimate of $23.48 per share, with the Google parent’s revenue topping Wall Street forecasts as well. However, stock dropped 0.5% in the third quarter. This quarter was marked by the greatest growth in Google ads sales for the past 14 years.

Twitter (TWTR) — Twitter reported an adjusted quarterly profit of 18 cents per share, topping a Refinitiv forecast by 3 cents per share. The revenue was in line with the estimates. Users grew at a rate that was below the consensus. Twitter saw no significant change from Apple’s privacy policies. This contrasts with social media rivals. Facebook(FB) Snap(SNAP).  Twitter shares increased 1.7% during premarket actions

Robinhood (HOOD) — Robinhood tumbled 8.5% in premarket trading, after the trading platform operator posted a larger-than-expected loss and quarterly revenue that missed estimates. Robinhood was also hurt by falling trading volumes for cryptocurrency, and other factors.

Visa (V) — Visa reported adjusted quarterly earnings of $1.62 per share, 8 cents above expectations, with revenue also beating forecasts on increased online and travel spending. After some analysts deemed the outlook conservative, Visa saw a 2.5% drop in premarket.

Enphase Energy (ENPH) — Enphase surged 15.5% in premarket trading, after the solar company beat top and bottom line estimates in its latest quarter with revenue rising to record levels. 

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