Stocks making the biggest moves premarket: Eli Lilly, Caterpillar, VinFast, Alphabet and more
Keep an eye on the companies making waves in premarket trading.
— This pharmaceutical company stumbled 7.5% following a third quarter earnings miss and a reduction in full-year guidance. Eli Lilly reported $1.18 earnings per share, excluding items, on a revenue of $11.44 billion. This falls short of LSEG analyst predictions of $1.47 a share and $12.11 billion in revenue.
— Premarket trading saw a decline of over 5% in shares after the industrial giant unveiled Q3 earnings that fell short of expectations. The company reported a profit of $5.17 per share, with revenue dropping 4% year over year to $16.11 billion, missing the LSEG forecast of $5.34 per share.
— Shares in this logistics company surged 3.9% following a third-quarter earnings beat. XPO reported earnings of $1.02 per share, excluding items, with revenue hitting $2.05 billion, slightly ahead of the FactSet consensus of $2.02 billion.
VinFast Auto — Shares in this electric vehicle manufacturer rose 5.1% following strategic partnership announcements with four Middle Eastern entities. Bloomberg has reported that Emirates Driving will lead a funding drive into VinFast, with total investments anticipated to exceed $1 billion.
— This quick-service restaurant chain saw a 6% share decline following lower-than-expected Q3 revenue. Same-store sales, a crucial benchmark for restaurants, missed targets with a 6% increase, below the 6.3% expected by StreetAccount.
— Shares in this online titan surged nearly 7% on the back of impressive Q3 earnings that surpassed Wall Street expectations. Substantial growth was also noted in cloud revenue, which increased approximately 35% from the same period last year.
— This social media platform’s stocks surged 10.5% following a third-quarter earnings surprise and the announcement of a $500 million stock buyback program. Snap reported Q3 adjusted earnings per share of 8 cents and $1.37 billion in revenue, surpassing the LSEG forecast of 5 cents and $1.36 billion, respectively.
— Shares in this semiconductor company plummeted 19.5% following disappointing earnings guidance for the current quarter, overshadowing a better-than-expected Q2 report. Raymond James reacted by downgrading its rating from outperform to market perform and removing its price target.
– The global payments giant saw a share increase of approximately 2% following Q4 results that exceeded Wall Street estimates. Visa reported adjusted earnings of $2.71 per share on a revenue of $9.62 billion. This outperformed the $2.58 per-share earnings on a revenue of $9.49 billion predicted by analysts at LSEG.
— Shares in this semiconductor company dipped 8% after AMD announced that it forecast Q4 revenue of $7.5 billion, which matches the LSEG consensus estimate but signifies a 22% decline year-over-year. Q3 adjusted earnings per share were in line with expectations, and revenue was above estimates.
— Reddit’s shares skyrocketed 22% following an unexpected Q3 profit. The social media company reported 16 cents per share in earnings with $348.4 million in revenue, beating LSEG analyst predictions of a 7-cent loss per share and $312.8 million in revenue.
— Shares fell 7% after the solar power equipment supplier reported lower-than-expected Q3 earnings and revenue and lowered its full-year guidance. The company reported $2.91 earnings per share on a revenue of $887.7 million, below the FactSet expected earnings of $3.16 per share on a revenue of $1.08 billion.
