AT&T (T) — AT&T surged 1.5 percent in premarket trading after the firm reported an adjusted quarterly profit of 87 cents per share, above expectations by 9 cents. AT&T’s revenue also above analyst expectations, thanks to increased demand for its phone and internet services, as well as HBO and HBO Max.
Danaher (DHR) – Danaher is a company that manufactures medical devices. In the third quarter, the maker of medical and diagnostic equipment earned an adjusted $2.39 per share, which was 24 cents higher than expectations, with revenue also exceeding expectations. Covid-19 testing and treatment had a substantial impact on Danaher’s findings. In the premarket, shares remained unchanged.
BX (Blackstone) – The stock of the private equity firm rose 2.8 percent in premarket trading after earnings per share of $1.28 beat the consensus estimate of 91 cents. Among other things, Blackstone profited from great investment performance.
Dow Jones Industrial Average (DOW) – With an adjusted third-quarter earnings of $2.75 per share, the chemical company beat expectations by 19 cents, with revenue also exceeding expectations. In premarket trade, Dow saw increased performance in packaging, speciality plastics, and coatings, and the stock jumped 1.2 percent.
Quest Diagnostics (DGX) – Following better-than-expected quarterly earnings, the medical lab operator’s stock jumped 3.4 percent in premarket trading. Quest’s adjusted earnings per share were $3.96, compared to a consensus estimate of $2.88. Increased Covid testing boosted the company’s results, and it lifted its full-year outlook.
Crocs (CROX) — Crocs jumped 11.1 percent in premarket trading after reporting adjusted quarterly earnings of $2.47 per share, vs a consensus estimate of $1.88. The shoemaker’s revenue also exceeded expectations, with digital sales increasing by 69%.
IBM (IBM) is a multinational corporation headquartered in Armonk, New York. With adjusted quarterly earnings of $2.52 per share, IBM topped analyst expectations by 2 cents, while sales fell short of analyst expectations due to deterioration in the company’s cloud business and a slowdown in client spending. In premarket trade, IBM was down 5%.
CSX (CSX) — CSX reported quarterly earnings of 43 cents per share, which was 5 cents more than expected, and revenue that was also higher than expected. The beat was fueled by a 3% increase in shipping volumes above the previous year’s excellent level. In premarket activity, CSX stock rose 3.9 percent.
Tenet Healthcare (THC) – For the most recent quarter, Tenet earned an adjusted $1.99 per share, much above the $1.02 consensus estimate, and the hospital operator also announced better-than-expected revenue while also improving its full-year earnings outlook. Tenet’s results were boosted by higher admissions and higher revenue per admission. In premarket trading, the stock rose 4%.
Unilever (UL) is a multinational consumer goods company. In premarket trade, Unilever rose 1.3 percent as the consumer goods behemoth posted better-than-expected quarterly results. In order to offset increasing input costs, the maker of Dove soap and Hellman’s mayonnaise was able to hike prices, but cautioned that inflation would likely accelerate in 2022.
CNI (Canadian National Railway) – According to the Wall Street Journal, activist investor Elliott Management has purchased a “significant” position in the train operator. TCI Fund Management, another activist investor, already owns more than 5% of Canadian National. In the premarket, shares remained unchanged.