World news – US – The stocks making the biggest moves on the pre-market: Comcast, Spotify, Pinterest, Tapestry & more

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Comcast (CMCSA) â ???? Parent company NBCUniversal and CNBC reported quarterly profit of 65 cents per share, 13 cents per share above estimates Revenue also exceeds forecast Comcast added 663,000 broadband customers in the quarter and said its listings in Peacock streaming service had reached nearly 22 million The company said theme park results continue to weigh on results due to the pandemic Shares rose 24% in pre-market at 7:33 am ET

Marvell Technology (MRVL) – Marvell has struck a deal with another chipmaker Inphi (IPHI) for $ 10 billion in cash and shares The deal values ​​Inphi at around $ 157.83 per share, over 40% above Inphi’s Wednesday close

Spotify (SPOT) – The music streaming service posted a slightly larger loss than expected for its final quarter, with revenue roughly in line with estimates It also saw premium subscribers rise 27% better than expected Spotify fell 39% in pre-release at 7:33 am ET

Tapestry (TPR) – Parent company of the Coach and Kate Spade brands reported quarterly profit of 58 cents per share, well above the consensus estimate of 23 cents per share Revenue also beat expectations, helped by lower spending and gains from digital transactions Stocks jumped 10% pre-market at 7:33 am ET

Tempur Sealy (TPX) – The mattress retailer gained $ 294 per share for its most recent quarter, beating the consensus estimate of $ 220 a share Revenue also exceeded Wall Street forecast The company also said a 4-to-1 stock split and increased its share buyback program from $ 170 million to $ 300 million Shares rose 47% in pre-market from 7:33 am ET

Kontoor Brands (KTB) â ???? Jeans maker Lee and Wrangler and other clothing earned $ 1.33 per share for its most recent quarter, well above the consensus estimate of 58 cents per share.Revenues also exceeded estimates, and Kontoor announced that he had reinstated his dividend Stocks gained 5% in pre-market at 7:33 am ET

Molson Coors (TAP) – The beer brewer earned $ 1.62 per share for its most recent quarter, up from a $ 1.02 share consensus estimate Revenue is also higher than expected The company said it was seeing also strong growth for its hard seltzer products Shares of Molson rose 6% in pre-market trading at 7:33 am ET

Tiffany (TIF) – Tiffany and French luxury goods maker LVMH have reached revised takeover deal, with LVMH paying $ 131.50 per share That’s down from the original deal of $ 135 per share that the two parties had agreed last November, before the pandemic LVMH then continued to take over Tiffany, accusing the company of mismanaging the business during the pandemic

Shopify (SHOP) – ???? The e-commerce platform provider reported quarterly profit of $ 113 per share, compared to a consensus estimate of 53 cents per share Revenue also marked a beat Shopify benefited from a growing number of physical retailers who were look to online sales to boost bottom line as pandemic drives growth in online shopping Stocks gained 4% in pre-market at 7:33 am ET

Pinterest (PINS) â ???? Pinterest gained 13 cents per share for its last quarter, 10 cents per share above estimates Revenue also exceeded expectations Image-sharing platform reported more active users than expected and gave optimistic revenue forecasts for the current quarter Shares jumped 32% in pre-market at 7:33 am ET

Visa (V) – ???? Visa came in at 3 cents per share above estimates, with quarterly profit of $ 1.12 per share Income also exceeded Wall Street projections Profits were down 29% from a year earlier, however, in due to the decrease in the number of transactions on its payment network

Ford Motor (F) – Ford more than tripled the consensus estimate of 19 cents per share, with quarterly profit of 65 cents per share The automaker also reported better-than-expected earnings Results were helped by increased demand for SUVs and pickup trucks Ford also said it will post annual profit Stocks gained 5% in pre-market at 7:33 am ET

Amgen (AMGN) – ???? Amgen reported quarterly profit of $ 4.37 per share, beating the $ 3.81 consensus estimate The biotech company’s revenues were slightly higher than expected, helped by stronger drug sales, although drug prices were lower during the quarter

Gilead Sciences (GILD) – Gilead beat estimates by 21 cents per share, with quarterly profit of $ 2.11 per share The drugmaker’s earnings also exceeded analysts’ forecast Gilead however cut its revenue forecast for 2020 due to lower than forecast demand and uncertainty surrounding sales of Covid-19 treatment remdesivir

EBay (EBAY) – ???? EBay gained 85 cents per share for its last quarter, 8 cents per share above estimates Revenue also exceeded consensus, but the number of active buyers on the retail platform was lower than this that analysts had predicted Shares lost 5% pre-market at 7:33 am ET

Etsy (ETSY) – ???? Etsy beat estimates of 10 cents per share, reporting quarterly profit of 70 cents per share Revenue also exceeded Wall Street forecasts, boosted by strong sales of face masks and home decor amid the pandemic. p>

Exxon Mobil (XOM) – Exxon maintained its fourth quarter dividend at 87 cents per share, marking the first time since 1982 that the energy giant has failed to increase its dividend

Data is a real-time snapshot * Data is delayed by at least 15 minutes Global business and financial news, stock prices, market data and analysis

Inphi, Marvell Technology Group, NASDAQ: IPHI, Stock

World news – US – Stocks making the biggest moves in the pre-market: Comcast, Spotify, Pinterest, Tapestry & more

Source: https://www.cnbc.com/2020/10/29/stocks-making-the-biggest-moves-in-the-premarket-comcast-spotify-pinterest-tapestry-more.html

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