Welcome to Extreme Investor Network, where we bring you the latest updates on companies making headlines in the finance world. Today, we are diving into the pre-market movements of some key players in the market. Let’s take a closer look at what’s happening:
1. Procter & Gamble: The stock fell 0.8% after reporting weaker-than-expected revenue. Despite posting $21.74 billion in revenue, lower demand in China impacted the company’s performance. However, adjusted earnings per share of $1.93 surpassed estimates.
2. Netflix: Shares surged 6.3% as the streaming giant exceeded Wall Street’s third-quarter expectations. With earnings per share of $5.40 on revenue of $9.83 billion, Netflix’s ad-supported membership tier also saw a significant 34% increase.
3. CVS Health: Shares dropped 11% after announcing a new CEO and providing guidance for lower-than-expected third-quarter earnings. The company’s adjusted earnings between $1.05 and $1.10 per share fell short of analyst expectations.
4. WD-40: The maintenance product maker’s shares fell 4% after reporting disappointing fiscal fourth-quarter earnings. The company’s full-year earnings guidance also missed estimates.
5. Western Alliance Bancorp: Despite a top-line beat, the regional bank stock saw a more than 4% drop due to a 3% decline in net interest income during the third quarter.
6. American Express: Shares dipped 3.4% on a mixed earnings report, with revenue falling short of expectations. However, earnings per share exceeded forecasts.
7. Apple: The tech giant saw a 2% increase after positive reports of iPhone sales in China.
These are just a few of the companies making waves in the pre-market trading session. Stay tuned to Extreme Investor Network for more in-depth analysis and expert insights into the world of finance. Remember, knowledge is power in the world of investing, and we are here to empower you with the information you need to make informed decisions. Happy investing!