Coca-Cola, General Motors, JetBlue, etc

Coca-Cola, General Motors, JetBlue, etc
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News Update – Pre-Markets

Check out the headline companies before the call:

Coke (KO) – Coca-Cola shares rose 2.9% in premarket trading after the beverage giant’s third-quarter earnings and sales beat Street forecasts. Although it raised prices to cover costs, the company also raised its full-year forecast as demand remained steady.

General Motors (GM) – Shares of GM rose 4.4% in premarket trading after the automaker reported better-than-expected third-quarter profit. GM also said supply chain constraints have eased, allowing it to increase inventory on dealer lots.

JetBlue (JBLU) – JetBlue reported a quarterly profit as increased travel demand helped offset rising costs. But its results fell short of estimates, and revenue was just in line with consensus. JetBlue fell 4.5% in premarket trading.

Xerox (XRX) – Shares of the office equipment maker lost 8.2% in premarket action after reporting adjusted quarterly earnings of 19 cents per share, compared with consensus estimates of 40 cents. Xerox suffered from rising costs and supply chain constraints.

3M (MMM) – 3M reported better-than-expected earnings for the third quarter, but the conglomerate’s revenue fell short of Street forecasts. It also cut its full-year forecast due to rising costs and the impact of a strong US dollar.

General Electric (GE) – GE rose 4.2% in premarket activity, despite earnings falling short of forecasts. The company cut its full-year forecast as it worked through supply chain issues and higher costs. GE’s earnings were stronger than expected because it was free cash flow.

UPS (UPS) – Shares of the delivery service rose 4.4% in premarket trading after a mixed quarterly report that saw earnings beat consensus and revenue fall. UPS was helped by increased profit margins as it raised prices.

UBS (UBS) – UBS rose 5.1% in premarket after the Swiss bank posted better-than-expected quarterly results, helped by a surge in client cash inflows into its wealth management business.

SAP (SAP) – SAP rose 3% in pre-market after the German business software company reported positive quarterly results, helped by strong growth in its cloud business. SAP also confirmed its full-year forecast.

logitech (LOGI) – Logitech rose 7% in premarket after the computer peripherals maker maintained its current full-year guidance, which was cut in July. Logitech has seen sales cool after a long surge in demand caused by the pandemic.

Qualtrics (XM) – Qualtrics rose 9.6% in premarket trading after the customer feedback software maker reported better-than-expected quarterly results and raised its full-year forecast.

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