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Pedestrians stroll previous Skechers footwear displayed exterior of a retailer in San Francisco, California.
Getty Photographs
Take a look at the businesses making headlines earlier than the bell Friday:
American Specific – American Specific gained 3.3% after reporting quarterly earnings of $2.80 per share. That beat the consensus estimate of $1.66, with income above estimates as properly. Outcomes had been helped by a launch of credit score reserves and elevated spending on journey and leisure.
Honeywell – The commercial conglomerate beat estimates by 8 cents with adjusted quarterly earnings of $2.02 per share, with income beating estimates as properly. Honeywell noticed development throughout all its companies and obtained a lift from a rebound in areas hardest hit by the pandemic corresponding to business aerospace. Honeywell additionally raised its full-year forecast.
Schlumberger – Schlumberger rose 2.2% after beating estimates on the highest and backside strains on a rebound in oilfield providers exercise. Schlumberger got here in 4 cents above estimates with adjusted quarterly earnings of 30 cents per share.
Kimberly-Clark – The buyer merchandise maker reported quarterly revenue of $1.47 per share, falling wanting the $1.71 consensus estimate, with income roughly according to forecasts. Kimberly-Clark additionally lower its full-year earnings forecast, pointing to greater enter prices and continued pandemic pushed volatility. Shares fell 3.7% within the premarket.
Twitter – Twitter gained 4.5% within the premarket after it beat estimates by 13 cents with adjusted quarterly revenue of 20 cents per share. Income topped Wall Avenue forecasts as advert gross sales surged 87% from a 12 months in the past. Twitter additionally gave an upbeat current-quarter income forecast.
Intel – Intel reported adjusted quarterly earnings of $1.28 per share, beating the consensus estimate of $1.06, with the chip maker’s income additionally scoring a beat. Nonetheless, Intel additionally issued a forecast that disillusioned some traders and in addition mentioned the worldwide chip scarcity may final properly into 2023. Intel shares dipped 2.2%.
Snap – Snap soared 16.7% after the social media firm shocked analysts with a quarterly revenue, incomes an adjusted 10 cents per share amid predictions of a 1 cent per share loss. Income additionally beat estimates. Snap additionally reported higher-than-expected every day person metrics in addition to an upbeat income forecast.
Skechers – Skechers surged previous the 52 cent consensus estimate and reported quarterly earnings of 88 cents per share, with the footwear maker additionally posting better-than-expected income. Skechers mentioned staff returning to workplaces boosted demand for its “consolation know-how” choices. Skechers rallied 7.1%.
Boston Beer – Boston Beer shares slumped 20.3% after the Sam Adams brewer lower its monetary outlook for 2021, citing weaker than anticipated gross sales of its laborious seltzer manufacturers. In its most-recent quarter, Boston Beer earned $4.75 per share, properly beneath the $6.69 consensus estimate, with income wanting forecasts as properly.
Veoneer – The Swedish auto components maker soared 55.3% in premarket motion after it agreed to be purchased by Canadian rival Magna Worldwide for about $3.8 billion in money. The deal will assist Magna in its efforts to boost its driver help know-how. Magna shares slipped 3.1%.
Capital One Monetary – Capital One earned $7.62 per share for its newest quarter, properly above the $4.64 consensus estimate, and the monetary providers firm additionally noticed income are available above analyst forecasts. Outcomes had been boosted by a profit associated to credit score losses. Nonetheless, Capital One shares fell 1.4% within the premarket.
VeriSign – VeriSign fell 2 cents wanting consensus estimates with quarterly earnings of $1.31 per share, with the area identify registrar seeing income roughly according to forecasts. Shares misplaced 0.6%.
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