News
McDonald’s Corp. shares MCD, +0.34% soared 2.6% in premarket trade Thursday, after the fast-food giant blew past estimates for the third quarter. The company posted net income of $1.982 billion, or $2.68 a share, for the quarter, down from $2.149 billion, or $2.86 a share, in the year-earlier period. Revenue fell to $5.872 billion from […]
Shares of Southwest Airlines Co. LUV, -0.72% jumped 2.6% in premarket trading Thursday, after the air carrier reported third-quarter profit beat expectations and load factor that exceeded pre-pandemic levels, as leisure travel demand remained strong and business travel trends improved. Net income fell to $277 million, or 44 cents a share, from $446 million, or […]
An earlier version of this report had a typo in the adjusted EPS figure, It has been corrected. Caterpillar Inc. shares CAT, +1.09% rose 3.6% in premarket trade Thursday, after the construction and mining equipment maker topped estimates for the third quarter. Caterpillar posted net income of $2.0141 billion, or $3.87 a share, for the […]
Shares of Altria Group Inc. MO, +1.25% fell 0.2% in premarket trading Thursday, after the Marlboro cigarette and heated tobacco company missed earnings expectations, as elevated gas prices and high inflation weighed on spending trends by adult tobacco consumers (ATCs). The company swung to net income of $224 million, or 12 cents a share, from […]
Shares of Honeywell International Inc. HON, +0.33% were up about 1% in premarket trading Thursday after the conglomerate housing aerospace, materials, and other businesses raised its full-year profit forecast and highlighted that its backlog gives “confidence” in the demand roadmap despite challenging economic conditions. The company reported net income of $1.55 billion, or $2.28 a […]
Shares of Merck & Co. Inc. MRK, +0.72% rose 1.4% in premarket trading Thursday, after the drug giant reported third-quarter profit and sale that beat expectations and raised its full-year outlook, as sales of the company’s top 3 selling drugs topped forecasts. Net income fell to $3.25 billion, or $1.28 a share, from $4.57 billion, […]