Check out the companies making headlines before the bell:
Coca Cola (KO) – Coca-Cola shares rose 2.9% pre-market after the beverage giant’s third-quarter earnings and sales beat Street forecasts. The company also raised its full-year outlook as demand remains steady even as it raised prices to offset higher spending.
General Motors (GM) – GM shares rose 4.4% in premarket trading after the automaker reported better-than-expected third-quarter earnings, helped by the rebound in sales. GM also said supply chain constraints were easing, allowing it to increase inventory on dealer lots.
JetBlue (JBLU) – JetBlue posted a quarterly profit as strong travel demand helped offset rising costs. But its bottom line was below estimates, and revenue simply matched the consensus. JetBlue slipped 4.5% in premarket trading.
Photocopy (XRX) – The office equipment maker’s stock fell 8.2% in premarket stock after reporting adjusted quarterly earnings of 19 cents per share, versus a consensus estimate of 40 cents. Xerox has been impacted by soaring costs and supply chain constraints.
3M (MMM) – 3M reported better-than-expected third-quarter earnings, but the conglomerate’s revenue fell short of Street’s forecast. It also cut its full-year outlook due to rising costs and the impact of the strong US dollar.
General Electric (GE) – GE jumped 4.2% in premarket stock, even though its earnings fell short of expectations. The company cut its full-year outlook as it navigated its way through supply chain issues and rising costs. GE’s revenue was higher than expected, as was free cash flow.
UPS (UPS) – Shares of the delivery service rose 4.4% pre-market following a mixed quarterly report that saw earnings beat consensus and revenue fall below. UPS has been helped by increased profit margins by raising prices.
UBS (UBS) – UBS jumped 5.1% pre-market after the Swiss bank posted better-than-expected quarterly results, helped by an increase in client cash inflows into its wealth management business.
SAP (SAP) – SAP rose 3% in premarket stock after the German enterprise software company reported upbeat quarterly results, helped by strong growth in its cloud business. SAP also confirmed its outlook for the full year.
Logitech (LOGI) – Logitech jumped 7% in the premarket after the computer peripherals maker maintained its current full-year guidance, which was lowered in July. Logitech saw sales cool after a long period of high demand spurred by the pandemic.
Qualtrics (XM) – Qualtrics jumped 9.6% pre-market after the customer feedback software maker reported better-than-expected quarterly results and raised its full-year guidance.