Category: Stock Market
Home builder and mortgage banking company NVR Inc. NVR, +5.58% reported third-quarter profit that missed expectations while revenue beat, as new orders fell but prices increased. Net income rose to $411.4 million, or $118.51 a share, from $332.1 million, or $86.44 a share, in the year-ago period. The FactSet consensus for earnings per share was […]
Shares of Sherwin-Williams Co. SHW, +4.95% ran up 4.5% in premarket trading Tuesday, after the paint and coatings company reported third-quarter profit and record sales that comfortably beat expectations, boosted by price increases and improved margins. Net income rose to $685.1 million, or $2.62 a share, from $502.2 million, or $1.88 a share, in the […]
Shares of Paccar Inc. PCAR, -0.26% rallied 2.3% toward a two-month high in premarket trading Tuesday, after the truck maker reported record third-quarter profit that doubled and revenue that climbed above expectations, as “strong” used truck prices helped provide a boost. Net income rose to $769.4 million, or $2.21 a share, from $380.5 million, or […]
Shares of Corning Inc. GLW, -4.33% were off more than 5% in premarket trading Tuesday after the manufacturer of glass products delivered a lower-than-expected outlook for the current period as it waits to forecast a significant recovery in demand for glass. The company recorded third-quarter net income of $208 million, or 24 cents a share, […]
Canopy Growth Corp. ‘s U.S.-listed shares CGC, +12.88% WEED, -2.78% rose 3.9% in premarket trades on Tuesday after the Canadian cannabis company announced a plan to consolidate its U.S. cannabis assets into a new holding company called Canopy USA. The holding company has an exchangeable share structure that is designed to trigger full ownership of […]
Shares of Kimberly-Clark Corp. KMB, -0.94% tacked on 0.6% in premarket trading Tuesday, after the consumer products company, with brands including Kleenex, Pull-Ups, Kotex and Huggies, reported third-quarter profit that fell short of expectations but revenue that beat, helped by a 9% increase in selling prices. Net income eased to $467 million, or $1.38 a […]
Biogen’s BIIB, -1.70% stock was up 0.7% in premarket trading on Tuesday after it beat expectations for earnings and revenue in the third quarter of the year. The company had earnings of $1.1 billion, or $7.84 per share, in the third quarter of 2022, compared with $2.5 billion, or $2.22 per share, in the same […]
3M Co. MMM, +1.34% shares fell 1.9% in premarket trades on Tuesday after the company fell short of revenue estimates and cut its 2022 profit view on economic headwinds, although it delivered stronger-than-expected quarterly results. 3M’s third-quarter profit more than doubled to $3.86 billion, or $6.77 a share, from $1.43 billion, or $2.45 a share, […]
Shares of Xerox Holdings Corp. XRX, -0.93% sank 6.5% in premarket trading Tuesday, after the copier and other workplace hardware company reported third-quarter profit that was less than half what was expected, citing “persistently high inflation and supply chain constraints, and lowered its full-year outlook. The company swung to a net loss of $383 million, […]
Shares of General Electric Co. GE, +0.74% dropped 3.2% in premarket trading Tuesday, after the industrial conglomerate reported third-quarter profit that fell below expectations while revenue beat, and free cash flow (FCF) that topped $1 billion to beat forecasts by wide margin. The company swung to a net per-share loss of 21 cents, after earnings […]