Stock Groups

Pfizer, Under Armour, Generac and more

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Here are some top movers of the premarket.

Pfizer (PFE) – Pfizer jumped 4% in the premarket after the drugmaker reported better-than-expected profit and revenue for the third quarter. Pfizer made $1.34 a share which is 25 cents per share more than estimates. It also owned a number of other companies. issued an improved full-year forecastThere is strong demand for the Covid-19 vaccine, as well other non-Covid treatments.

Under Armour (UAA) – The athletic apparel maker’s shares surged 9.2% in premarket trading after it more than doubled the 15 cents a share consensus estimate, with quarterly earnings of 31 cents per share. Under Armour also raised its full-year outlookAs consumers continue to be interested in everyday wear that is comfortable,

Generac (GNRC) – Generac shares slid 5.5% in the premarket after beating bottom-line estimates but reporting lower-than-expected quarterly sales. In a separate announcement, Generac, maker of generators for home and commercial use, announced its intention to buy Ecobee Canada, maker smart thermostats. The deal will be cash-and-stock. It depends on Ecobee’s performance.

DuPont (DD) – DuPont fell 1.9% in premarket action after the chemical maker beat estimates but cut its full-year outlook citing decelerating orders from customers due to the worldwide chip shortage. DuPont earned $1.15 per share in third quarter profit, which was 3 cents higher than the estimates. DuPont has also announced its acquisition of a material technology company Rogers Corp.Rogers’ stock price soared 27.3% after the announcement of the $5.2 billion deal.

Estee Lauder (EL) – The cosmetics maker’s stock dropped 1.9% in the premarket, as it beat Street forecasts but cut its annual sales outlook due to inflation and supply chain disruptions. Estee Lauder posted $1.86 per diluted share, against a consensus estimate for $1.70.

Avis Budget (CAR) – Avis Budget reported quarterly earnings of $10.74 per share, well above the $6.52 a share consensus estimate. Wall Street estimates were also exceeded by revenue. Avis Budget had a big boost in its results due to strong demand for rentals cars and high rental rates. Premarket trading saw a 7% increase in stock prices.

Simon Property (SPG) – Simon nearly doubled the $1.09 per share consensus estimate, with quarterly earnings of $2.07 per share. Analysts were also more optimistic about the mall operator’s revenues. Simon witnessed an improvement in the occupancy rate of its malls and an increase in shoppers during this quarter. Simon stock rose 4.1% during premarket action.

Clorox (CLX) – Clorox beat estimates by 18 cents a share, with quarterly earnings of $1.21 per share. Clorox also reported better than expected revenue and backed its previous full-year forecast. The stock rose 2.2% at the premarket.

Chegg (CHGG) – Chegg shares tanked 31.5% in the premarket after the online education company reported lower-than-expected quarterly sales and merely matched Street estimates, with quarterly earnings of 20 cents per share. Chegg stated that enrollment didn’t rebound as expected.

Nutrien (NTR) – Nutrien raised its full-year profit outlook, amid strong global demand and higher prices for the Canadian fertilizer maker’s products.

McKesson (MCK) – The drug distributor earned $6.15 per share for its latest quarter, easily beating the consensus estimate of $4.66 a share. Strong delivery figures for specialty drugs and its contract with the government to distribute Covid-19 vaccines helped boost revenue estimates. McKesson shares rose 3.4% during the premarket

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