Skip to main content

Market Insider | Stocks Making The Biggest Moves Premarket: Stocks making the biggest moves in the premarket: Boeing, GE, Blackstone, First Solar & more


Peter Schacknow

Take a look at some of the biggest movers in the premarket:

Boeing (BA) – Boeing lost $1.39 per share for the third quarter, smaller than the loss of $2.52 anticipated by Wall Street. Revenue was also above estimates. Boeing said it was targeting a workforce of 130,000 by the end of 2021, which is about 11,000 lower than the current total. Boeing shares were up slightly in premarket trading as of 7:40 a.m. ET.

General Electric (GE) – GE reported a third-quarter profit of 6 cents per share, compared to forecasts for a loss of 4 cents per share. Revenue came in above estimates as well. GE said it was managing through a “difficult environment” but added that it is on track with its effort to contain costs and conserve cash. GE shares rose 4% in premarket trading as of 7:40 a.m. ET.

Blackstone (BX) – The private-equity firm reported distributable earnings per share of 63 cents per share, beating the 57 cents a share consensus estimate. Revenue also topped forecasts, boosted by its emphasis on technology-related investments. The shares were up by 1% in premarket trading as of 7:40 a.m. ET.

United Parcel Service (UPS) – UPS reported quarterly earnings of $2.28 per share, compared to a consensus estimate of $1.90 a share. Revenue was above estimates as well. UPS continued to benefit from a surge in home deliveries due to the pandemic. The shares were little changed in premarket trading as of 7:40 a.m. ET.

Garmin (GRMN) – The maker of GPS and fitness products beat estimates by 59 cents a share, with quarterly earnings of $1.58 per share. Revenue also beat Wall Street forecasts. Garmin said it saw particular strength in devices for boating and outdoor activities. Garmin shares added 3% in premarket trading as of 7:40 a.m. ET.

Tupperware (TUP) – The maker of home storage products earned $1.20 per share for its latest quarter, well above the consensus estimate of 37 cents a share. Revenue was well above forecasts. Tupperware saw a sales bump from more consumers cooking and storing food at home. The shares jumped 8% in premarket trading as of 7:40 a.m. ET.

Bunge (BG) – The agriculture commodities company reported adjusted quarterly earnings of $2.47 per share, compared to a consensus estimate of 20 cents a share. Revenue came in above estimates as well. Bunge saw strong demand for oilseed processing and soy products, and the company lifted its full-year outlook. The shares rose 6% in premarket trading as of 7:40 a.m. ET.

Six Flags (SIX) – The theme park operator lost $1.37 per share for its latest quarter, wider than the $1 per share loss that analysts were expecting. Revenue came in below forecasts as well. Park attendance continues to be hurt by the pandemic, although Six Flags said attendance trends are improving.

Microsoft (MSFT) – Microsoft reported quarterly earnings of $1.82 per share, 28 cents a share above estimates. Revenue also came in above forecasts. Current-quarter revenue guidance was below current consensus, however, with a particular shortfall in its More Personal Computing unit. The shares lost 2% in premarket trading as of 7:40 a.m. ET.

FireEye (FEYE) – FireEye beat estimates by 4 cents a share, with quarterly profit of 11 cents per share. The cybersecurity company’s revenue also topped estimates and FireEye gave strong current-quarter revenue guidance. The shares added 2% in premarket trading as of 7:40 a.m. ET.

First Solar (FSLR) – First Solar more than doubled the 61 cents a share consensus estimate, with quarterly earnings of $1.45 per share. Revenue was considerably above Wall Street forecasts as well. The solar equipment company said its results have not been materially impacted by the pandemic. The shares surged 12% in premarket trading as of 7:40 a.m. ET.

Deutsche Bank (DB) – Deutsche Bank reported a surprise third-quarter profit, with the bank’s bottom line benefitting from improved performance by its investment banking operations.

Juniper Networks (JNPR) – Juniper Networks matched estimates, with quarterly earnings of 43 cents per share. The networking and cybersecurity company’s revenue came in above analysts’ forecasts. The company said it saw better-than-expected demand during the quarter despite challenges created by the pandemic.

Sony (SNE) – Sony raised its annual profit forecast after reporting a better-than-expected fiscal second-quarter profit, with its gaming business getting a boost from pandemic-related lockdowns as well as the performance of its Japanese animated film “Demon Slayer.”

Caesars Entertainment (CZR) – Caesars is selling its Tropicana Evansville casino for a total of $480 million, with Gaming & Leisure Properties buying the real property assets and Twin River Worldwide Holdings buying the operating assets.

Akamai Technologies (AKAM) – Akamai shares are under pressure despite beating estimates on the top and bottom lines for its latest quarter. The provider of online content delivery technology reported quarterly profit of $1.31 per share, 8 cents a share above estimates.


Popular posts from this blog

Analysis | The Cybersecurity 202: How the shutdown could make it harder for the government to retain cybersecurity talent

By Joseph Marks 13-17 minutes THE KEY President Trump delivers an address about border security amid a partial government shutdown on Jan. 8. (Carolyn Kaster/AP) The partial government shutdown that's now in its 18th day is putting key cyber policy priorities on hold and leaving vital operations to a bare bones staff. But the far greater long-term danger may be the blow to government cyber defenders' morale, former officials warn. With the prospect of better pay and greater job security in the private sector, more government cyber operators are likely to decamp to industry, those former officials tell me, and the smartest cybersecurity graduates will look to industry rather than government to hone their skills. That’s especially dangerous, they say, considering the government’s struggle to recruit and retain skilled workers amid a nationwide shortage of cybersecurity talent. About 20 percent of staffers are furloughed at the De

Democrats call for investigation into Trump’s iPhone use after a report that China is listening:Analysis | The Daily 202 I The Washington Post. By James Hohmann _________________________________________________________________________________ President Trump and Chinese President Xi Jinping visit the Great Hall of the People in Beijing last November. (Andrew Harnik/AP) With Breanne Deppisch and Joanie Greve THE BIG IDEA: If Democrats win the House in two weeks, it’s a safe bet that one of the oversight hearings they schedule for early next year would focus on President Trump’s use of unsecured cellphones. The matter would not likely be pursued with anywhere near the gusto that congressional Republicans investigated Hillary Clinton’s use of a private email server during her time as secretary of state. Leaders of the minority party have higher priorities . But Democratic lawmakers made clear Thursday morning that they will not ignore a New York Times report that Trump has refused to stop using iPhones in the White House, despite repeated warnings from U.S. intelligence offici

RTTNews: Morning Market Briefing.-Weekly Jobless Claims Edge Down To 444,000. May 13th 2010

Morning Market Briefing Thu May 13 09:01 2010   Commentary May 13, 2010 Stocks Poised For Lackluster Open Amid Mixed Market Sentiment - U.S. Commentary Stocks are on pace for a mixed start to Thursday's session, as a mostly upbeat jobs report continued to relieve the markets while some consternation regarding the European debt crisis remained on traders' minds. The major index futures are little changed, with the Dow futures down by 4 points. Full Article Economic News May 13, 2010 Weekly Jobless Claims Edge Down To 444,000 First-time claims for unemployment benefits showed another modest decrease in the week ended May 8th, according to a report released by the Labor Department on Thursday, although the number of claims exceeded estimates due to an upward revision to the previous week's data. Full Article May 13, 2010 Malaysia's Decade High Growth Triggers Policy Tightening Malaysia's economy grew at the fastest pace in a decade in