Check out the companies making headlines ahead of time:
Coke (KO) – Coca-Cola shares rose 2.9% in premarket trading after the drinks giant’s third-quarter earnings and sales beat Street estimates. The company raised its full-year outlook as demand remained steady despite raising prices to offset higher costs.
General Motors (GM) – GM shares rallied 4.4% in premarket trading after the automaker posted a better-than-expected third-quarter profit, helped by a rebound in sales. GM said supply chain constraints are easing, allowing dealers to increase inventory.
Jet Blue (JBLU) – JetBlue posted a quarterly profit as rising travel demand helped offset rising costs. But its bottom-line results fell short of estimates and earnings matched consensus. JetBlue fell 4.5% in premarket trading.
Copy ( XRX ) — Shares of the office equipment maker fell 8.2% in premarket action after it reported adjusted quarterly profit of 19 cents per share, compared with the consensus estimate of 40 cents. Xerox was hit by rising costs and supply chain bottlenecks.
3M (MMM) – 3M posted better-than-expected earnings in the third quarter, but the company’s earnings fell short of Street estimates. It lowered its full-year outlook due to rising costs and the impact of a stronger US dollar.
General Electric (GE) – GE rose 4.2% in pre-market action despite its revenue falling short of forecasts. The company lowered its full-year outlook with supply chain issues and higher costs. GE’s earnings were stronger than expected, as was free cash flow.
UPS (UPS) – Shares of the distribution services provider rose 4.4% in the premarket following a mixed quarterly report that saw earnings consensus and earnings decline. UPS raised prices, helped by expanded profit margins.
UPS (UPS) – UBS rose 5.1% in the premarket after the Swiss bank posted better-than-expected quarterly results, helped by higher inflows from clients to its wealth management business.
SAP (SAP) – The German business software company reported upbeat quarterly results, helped by strong growth in its cloud business. SAP affirmed its full-year outlook.
Logitech (LOGI) – Logitech rose 7% in the premarket after the computer peripherals maker maintained its current full-year guidance, which it cut in July. Logitech has cooled sales following high demand spurred by the pandemic.
Qualtrics (XM) – Qualtrics jumped 9.6% in the premarket after the maker of customer feedback software posted better-than-expected quarterly results and raised its full-year forecast.