Pedestrians walk past Skechers shoes displayed outside of a store in San Francisco, California.
Getty Images
Check out the companies making headlines before the bell Friday:
American Express – American Express gained 3.3% after reporting quarterly earnings of $2.80 per share. That beat the consensus estimate of $1.66, with revenue above estimates as well. Results were helped by a release of credit reserves and increased spending on travel and entertainment.
Honeywell – The industrial conglomerate beat estimates by 8 cents with adjusted quarterly earnings of $2.02 per share, with revenue beating estimates as well. Honeywell saw growth across all its businesses and got a boost from a rebound in areas hardest hit by the pandemic such as commercial aerospace. Honeywell also raised its full-year forecast.
Schlumberger – Schlumberger rose 2.2% after beating estimates on the top and bottom lines on a rebound in oilfield services activity. Schlumberger came in 4 cents above estimates with adjusted quarterly earnings of 30 cents per share.
Kimberly-Clark – The consumer products maker reported quarterly profit of $1.47 per share, falling short of the $1.71 consensus estimate, with revenue roughly in line with forecasts. Kimberly-Clark also cut its full-year earnings forecast, pointing to higher input costs and continued pandemic driven volatility. Shares fell 3.7% in the premarket.
Twitter – Twitter gained 4.5% in the premarket after it beat estimates by 13 cents with adjusted quarterly profit of 20 cents per share. Revenue topped Wall Street forecasts as ad sales surged 87% from a year ago. Twitter also gave an upbeat current-quarter revenue forecast.
Intel – Intel reported adjusted quarterly earnings of $1.28 per share, beating the consensus estimate of $1.06, with the chip maker’s revenue also scoring a beat. However, Intel also issued a forecast that disappointed some investors and also said the global chip shortage could last well into 2023. Intel shares dipped 2.2%.
Snap – Snap soared 16.7% after the social media company surprised analysts with a quarterly profit, earning an adjusted 10 cents per share amid predictions of a 1 cent per share loss. Revenue also beat estimates. Snap also reported higher-than-expected daily user metrics as well as an upbeat revenue forecast.
Skechers – Skechers surged past the 52 cent consensus estimate and reported quarterly earnings of 88 cents per share, with the footwear maker also posting better-than-expected revenue. Skechers said workers returning to offices boosted demand for its “comfort technology” offerings. Skechers rallied 7.1%.
Boston Beer – Boston Beer shares slumped 20.3% after the Sam Adams brewer cut its financial outlook for 2021, citing weaker than expected sales of its hard seltzer brands. In its most-recent quarter, Boston Beer earned $4.75 per share, well below the $6.69 consensus estimate, with revenue short of forecasts as well.
Veoneer – The Swedish auto parts maker soared 55.3% in premarket action after it agreed to be bought by Canadian rival Magna International for about $3.8 billion in cash. The deal will help Magna in its efforts to enhance its driver assistance technology. Magna shares slipped 3.1%.
Capital One Financial – Capital One earned $7.62 per share for its latest quarter, well above the $4.64 consensus estimate, and the financial services company also saw revenue come in above analyst forecasts. Results were boosted by a benefit related to credit losses. Still, Capital One shares fell 1.4% in the premarket.
VeriSign – VeriSign fell 2 cents short of consensus estimates with quarterly earnings of $1.31 per share, with the domain name registrar seeing revenue roughly in line with forecasts. Shares lost 0.6%.
- 2021
- 7
- Action
- Ad
- Aerospace
- All
- American
- American Express
- analyst
- auto
- beer
- Bell
- Biggest
- Billion
- Boosted
- boston
- brands
- businesses
- california
- Canadian
- capital
- capital one
- Cash
- chip
- CNBC
- commercial
- Companies
- company
- Consensus
- consumer
- Consumer products
- Costs
- credit
- deal
- Demand
- Domain Name
- driven
- driver
- Earnings
- Entertainment
- estimates
- financial
- financial services
- Francisco
- Friday
- Global
- Group
- Growth
- Headlines
- Honeywell
- HTTPS
- industrial
- Intel
- Investors
- IT
- latest
- Line
- maker
- Making
- Media
- Metrics
- moves
- Offerings
- Outlook
- pandemic
- Predictions
- Products
- Profit
- Results
- revenue
- Rival
- sales
- San
- San Francisco
- Services
- Share
- Shares
- Short
- Snap
- Social
- social media
- Spending
- Stocks
- store
- street
- Technology
- top
- travel
- Volatility
- Wall Street
- workers
- year