Stock Groups

Caterpillar, Chevron, Apple and others

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See which companies are making the headlines even before the bell rings.

Caterpillar (CAT) – Caterpillar earned an adjusted $2.69 per share for the fourth quarter, beating the $2.26 consensus estimate, with revenue also coming in above analyst forecasts. Due to supply chain limitations, heavy equipment manufacturer Caterpillar saw its sales rise 23% over a year ago. The stock fell 1.4% during premarket trading due to increased costs.

Chevron (CVX) – Chevron slid 2.8% in the premarket after missing bottom-line estimates for the fourth quarter, although revenue exceeded analyst forecasts. Chevron posted an adjusted share price of $2.56, which is lower than the $3.12 consensus estimate despite rising oil and gas prices.

VF Corp. (VFC) – The company behind North Face, Vans and other apparel brands saw its stock fall 2% in premarket trading after it cut its full-year sales forecast due to delivery delays and worker shortages. VF’s most recent quarter saw a better than expected profit and revenue.

Apple (AAPL) – Apple reported record profit and revenue for its latest quarter, despite supply chain issues that cut into sales. Apple’s share price was $2.10, which is higher than the $1.89 consensus estimate. Street estimates also exceeded revenue forecasts. Tim Cook, CEO of Apple, stated that the supply chain issues are beginning to improve. Apple shares increased 3.1% in premarket.

Visa (V) – Visa beat estimates by 11 cents with an adjusted quarterly profit of $1.81 per share. Also, the revenue of the payment network beat expectations. The company saw quarterly revenues above $7 billion thanks to a surge in travel spending, and continued growth of e-commerce. In premarket trading, Visa rose 3.6%

Mondelez (MDLZ) – Mondelez fell a penny short of analyst forecasts with adjusted quarterly earnings of 71 cents per share, though the snack maker’s revenue did beat estimates. Mondelez increased prices in the third quarter but not enough to offset higher logistics and ingredient costs. Mondelez slid 2.2% in premarket action.

Robinhood (HOOD) – Robinhood slumped 13% in the premarket after warning that current-quarter revenue could fall significantly from a year ago. Although revenue was somewhat higher than analyst estimates, the trading platform operator posted a loss of 49c per share for its quarterly report.

Western Digital (WDC) – Western Digital shares plunged 10.4% in premarket trading after the disk drive maker issued a weaker-than-expected outlook, and supply chain issues that prevented it from fully meeting strong demand. Western Digital beat both the consensus and top-line estimates in its most recent quarter. It earned an adjusted $2.30 per shares, compared to a $2.13 consensus estimate.

3M (MMM) – 3M will appeal a ruling that awarded $110 million to two U.S. Army veterans who said they suffered hearing loss after using 3M’s combat earplugs. 3M is currently facing multiple lawsuits regarding claims that their earplugs are defective. Premarket, the stock dropped 1%.

Beazer Homes (BZH) – Beazer Homes jumped 5.1% in premarket trading after beating top and bottom-line estimates for the quarter ending in December. Beazer reported a $1.14 share profit, which is well over the consensus estimate of 67 cents. It also stated that the market for housing continues to experience strong demand and limited supply.

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