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Today's Pre-Market Stock Movers: KO, GM, GE, JBLU and More

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Movers and Shakers wrote a column · Oct 25, 2022 07:58
Gapping up
$Coca-Cola(KO.US)$ +2.9% (The beverage giant’ third-quarter earnings and sales beat Street forecasts. The company also raised its full-year outlook as demand remains steady even as it has raised prices to make up for higher expenses.)
$General Motors(GM.US)$ +4.4% (The automaker reported a better-than-expected third-quarter profit, helped by rebounding sales. GM also said supply chain constraints are easing, allowing it to increase inventories on dealer lots.)
$General Electric(GE.US)$ +4.2% (The company cut its full-year outlook as it works its way through supply chain issues and higher costs. GE’s revenue was stronger than expected, as was free cash flow.)
$United Parcel Service(UPS.US)$ +4.4% (The company reported a mixed quarterly report that saw earnings beat consensus and revenue fall short. UPS was helped by expanded profit margins as it raised prices.)
$UBS Group(UBS.US)$ +5.1% (the Swiss bank posted better-than-expected quarterly results, helped by a jump in customer cash inflows to its wealth management business.)
$SAP SE(SAP.US)$ +3% (The German business software company reported upbeat quarterly results, helped by strong growth in its cloud business. SAP also confirmed its full-year outlook.)
$Logitech International(LOGI.US)$ +7% (The maker of computer peripherals maintained its current full-year guidance, which was reduced in July. Logitech has seen sales cool off following a long period of elevated demand spurred by the pandemic.)
$Qualtrics International(XM.US)$ +9.6% (The maker of customer feedback software reported better-than-expected quarterly results and lifted its full-year forecast.)
Gapping down
$JetBlue Airways(JBLU.US)$ -3.78% (JetBlue reported a quarterly profit as elevated travel demand helped to make up for rising costs. But its bottom line results fell short of estimates and revenue merely matched consensus. JetBlue slipped 4.5% in premarket trading.)
$Xerox(XRX.US)$ -8.2% (The company reported an adjusted quarterly profit of 19 cents per share compared with a consensus estimate of 40 cents. Xerox was hit by surging costs and supply chain constraints.)
$3M(MMM.US)$ -2.67% (The company reported better-than-expected earnings for the third quarter, but the conglomerate’s revenue fell short of Street forecasts. It also cut its full-year outlook due to rising costs and the impact of the strong U.S. dollar.)
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