October 4, 2023

Check out the companies that make the headlines before the doorbell rings:

Johnson & Johnson – J&J shares rose roughly 1% pre-IPO after the company beat quarterly forecasts and raised its earnings outlook amid strong drug and medical device sales. J&J reported adjusted quarterly earnings of $ 2.48 per share, beating the consensus estimate of $ 2.27, with revenue also beating Street forecasts.

Verizon – Verizon gained 1.3% in pre-IPO trading after beating estimates by 7 cents of adjusted quarterly earnings of $ 1.37 per share. The company also reported better-than-expected revenue and subscriber growth and raised its outlook for the full year.

Coca-Cola – The beverage giant’s shares rose nearly 2% from a positive pre-launch quarter. Coca-Cola was 12 cents above estimates with adjusted quarterly earnings of 68 cents per share, with revenue beating projections as venues like stadiums and movie theaters reopened. Coca-Cola has also raised its forecast for the year.

Harley-Davidson – The motorcycle maker reported quarterly earnings of $ 1.33 per share, 16 cents above estimates, even though sales fell short of analysts’ forecasts. The result benefited from the sale of high-margin products such as touring and cruiser bikes. Harley shares rose more than 2.5% in the premarket.

Netflix – Netflix reported quarterly earnings of $ 2.97 per share, missing the consensus estimate of $ 3.16, despite revenue and membership growth beating projections. The forecast for subscriber growth for the current quarter is below current analyst estimates.

Chipotle Mexican Grill – Chipotle earned an adjusted $ 7.46 per share, beating consensus forecast of $ 6.52 per share. The restaurant chain’s sales were slightly above Wall Street forecasts, and comparable sales also exceeded analysts’ forecasts as indoor dining continued to recover. The Chipotle share gained around 4.5% in pre-market trading.

United Airlines – United shares rose nearly 1% in the premarket after the airline hit estimates with a quarterly loss of $ 3.91 per share. United’s revenue exceeded forecasts, quadrupling year over year. The airline said it expected sales in the current quarter to improve compared to the third quarter of 2019 before the pandemic.

JPMorgan Chase – The bank has awarded Jamie Dimon 1.5 million stock options that are not exercisable for a minimum of 5 years. “

SAP – SAP raised its outlook for the second time this year, with the enterprise software giant benefiting from its work helping customers move IT operations to the cloud. Despite the increase, the SAP share lost almost 5% in the premarket.

Qualtrics International – Qualtrics stock rose 4.5% in the premarket after the SAP spin-off forecast better-than-expected sales and losses for 2021 that were lower than analysts expected. The customer review system provider said its offerings have become more popular as companies increase their online presence and use of apps for business.

Intuitive Surgical – Intuitive Surgical reported adjusted quarterly earnings of $ 3.92 per share, compared to a consensus estimate of $ 3.07. The surgical equipment maker also posted better-than-expected sales as sales and usage of its Da Vinci robotic surgical systems increased amid a post-pandemic medical practice recovery. Intuitive Surgical was up 3% in pre-trading.

Sleep Number – Sleep Number fell 28 cents below estimates with quarterly earnings of 88 cents per share, with sales of the mattress retailer also falling below estimates. Delivery bottlenecks continue to affect sales, according to Sleep Number, and the stock is down more than 12% prior to launch.