By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Wednesday, October 28th. Please refresh for updates.
-
Microsoft (NASDAQ:MSFT) stock fell 2.6% despite the software giant reporting strong third-quarter earnings, with its cloud computing business impressing and its Teams messaging and collaboration software winning new users.
- Mastercard (NYSE:MA) stock fell 4.4% after the payments processor reported a drop in third-quarter revenue and profit, with the pandemic hurting both business and tourism-related payments, especially of the cross-border sort.
-
United Parcel Service (NYSE:UPS) stock fell 2.3% despite the delivery company beating profit expectations, helped by a surge in home deliveries due to the Covid-19 pandemic.
-
General Electric (NYSE:GE) stock rose 5.2% after the conglomerate reported a smaller quarterly loss and positive cash flow, as the company cut costs in its aviation unit and saw improvement in revenue in its power business.
-
Boeing (NYSE:BA) stock fell 0.7% after the aircraft maker reporting its fourth straight quarterly loss, admittedly a smaller loss than the Street expected. The company also announced further cost cutting and reaffirmed its expectation that U.S. deliveries of its key 737 MAX jet would resume before year-end.
-
First Solar (NASDAQ:FSLR) stock rose 11% after the solar-panel maker posted better than expected quarterly earnings, and also issued strong earnings guidance for the fourth quarter.
-
FireEye (NASDAQ:FEYE) stock rose 1.8% after the cybersecurity company beat expectations for its third-quarter earnings, thanks to healthy sales from its product, subscription and support services.
-
Six Flags (NYSE:SIX) stock slumped 11% after the theme park operator posted weak third-quarter earnings, with attendances hurt by the ongoing pandemic.
-
Sony (NYSE:SNE) ADR rose 4.6% after the Japanese conglomerate raised its annual profit outlook after posting a record second-quarter profit, helped by its gaming business.
-
Blackstone (NYSE:BX) stock rose 1.5% after the private equity and hedge fund group reported third-quarter distributable earnings rose 9% year-on-year.
-
Fiat Chrysler (NYSE:FCAU) stock fell 3.1% despite the car maker returning to an operating profit in the third quarter as the auto industry rebounded, especially in the U.S.
-
Garmin (NASDAQ:GRMN) stock rose 3.4% after the maker of GPS and fitness products beat expectations for its quarterly earnings, helped by particular strength in devices for boating and outdoor activities.
-
Tupperware (NYSE:TUP) Brands stock rose 23% after the maker of home storage products reported revenue well above estimates, profiting from a sales bump from consumers cooking and storing more food at home.
- Deutsche Bank (DE:DBKGn) (NYSE:DB) ADRs rose 1.3% after the German-based bank reported a surprise return to profit in the third quarter, helped by an improved performance by its investment banking operations.