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Find out which companies are in the headlines before the bell:
Johnson & Johnson – J&J shares rose about 1% pre-market after the company beat quarterly guidance and raised its earnings outlook amid strong sales of drugs and medical devices. J&J reported adjusted quarterly earnings of $ 2.48 per share, beating the consensus estimate of $ 2.27, with revenue also beating Street’s forecast.
Verizon – Verizon added 1.3% in pre-market trading, after beating estimates of 7 cents with adjusted quarterly profit 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 – Shares of the beverage giant rose nearly 2% pre-market after a bullish quarter. Coca-Cola topped estimates by 12 cents with adjusted quarterly profit of 68 cents per share, with revenue exceeding expectations as venues like stadiums and cinemas reopened. Coca-Cola has also raised its annual forecast.
Harley-Davidson – The motorcycle maker reported quarterly earnings of $ 1.33 per share, 16 cents above estimate, although revenue was lower than analysts’ forecast. Its results benefited from sales of higher margin products such as touring and cruising bikes. Harley shares jumped more than 2.5% in pre-market.
Netflix – Netflix reported quarterly earnings of $ 2.97 per share, missing the consensus estimate of $ 3.16, although revenue and membership growth exceeded expectations. Its forecast for growth in subscriber numbers for the current quarter is lower than analysts’ current estimates.
Chipotle Mexican Grill – Chipotle earned adjusted earnings of $ 7.46 per share, beating consensus expectations of $ 6.52 per share. The restaurant chain’s revenue was slightly higher than Wall Street forecast, and comparable sales also beat analysts’ expectations, as dining room continued to rebound. Chipotle shares jumped about 4.5% in pre-market trading.
United Airlines – United stock rose nearly 1% pre-market after the airline matched estimates with a quarterly loss of $ 3.91 per share. United’s revenues exceeded expectations, quadrupling from the previous year. The airline said it expects unit revenue for the current quarter to improve compared to the third quarter before the 2019 pandemic.
JPMorgan Chase – The bank awarded Jamie Dimon 1.5 million stock options that cannot be exercised for at least 5 years, with the board saying the price reflects his desire for the CEO 65-year-old continues in that role “for a significant number of years.”
SAP – SAP raised its outlook for the second time this year, with the enterprise software giant benefiting from its work helping IT operations transition to the cloud. Despite the increase, SAP shares fell almost 5% in pre-release.
Qualtrics International – Qualtrics shares jumped 4.5% in the pre-market after the SAP spin-off forecast better-than-expected 2021 sales and losses that were lower than analysts had expected. The provider of customer rating systems said its offerings have become more popular as companies increase their online presence and the use of apps to do 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 revenues, as sales and use of its da Vinci surgical robotic systems increased amid a rebound in medical procedures after the pandemic. Intuitive Surgical gained 3% in pre-market.
Sleep Number – Sleep Number fell 28 cents from estimates with quarterly earnings of 88 cents a share, with the mattress retailer’s revenue also falling below estimates. Sleep Number said supply shortages continued to impact its sales and that its inventory had fallen more than 12% in pre-release.
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