Before the bell rings, see which businesses are in the news.
McDonald’s — After the U.S. Centres for Disease Control and Prevention reported that an E. coli epidemic connected to the fast food chain’s Quarter Pounder burgers had led to 10 hospitalisations and one fatality, shares of the firm dropped more than 6%.
Starbucks — The coffee company saw a 4.5% drop in sales following the release of its preliminary fiscal fourth-quarter data. Starbucks halted its forecast for 2025.
Boeing — Following the release of the defence company’s third-quarter earnings, the stock fell 0.6%. The business had previously reported $17.84 billion in revenues, which above an LSEG projection of $17.82 billion.
After releasing a fourth-quarter revenue projection that was below expectations, Enphase Energy, a solar energy technology business, saw a 15% fall. Enphase anticipates sales for the current quarter to be between $360 million and $400 million, while analysts predict $435.8 million. The third-quarter performance fell short of forecasts as well.
AT&T — In the third quarter, the telecom company’s stock rose more than 2% due to a positive bottom line. But adjusted earnings of 60 cents per share exceeded that amount. Nevertheless, revenue of $30.21 billion was less than the $30.44 billion average projection.
Even though Coca-Cola’s third-quarter results were better than anticipated, the company’s shares fell 2.1%. With $11.95 billion in adjusted revenue, Coca-Cola reported 77 cents adjusted earnings per share.
Hilton Worldwide Holdings — Following the release of third-quarter sales of $2.87 billion, the hotel chain saw a 4.3% decline. The corporation released a dismal profit outlook for the upcoming quarter.
Texas Instruments — After the semiconductor manufacturer reported better-than-expected third-quarter earnings and revenue, shares increased by 3%.
Seagate Technology: The company’s stock in data storage fell more than 4%. For its fiscal second quarter, Seagate reported $2.3 billion in revenue, which was consistent with an LSEG estimate.
Deutsche Bank: The investment bank’s shares traded in the United States fell almost 2%. Deutsche Bank’s third-quarter net income of 1.46 billion euros was less than the 1.52 billion euros FactSet had predicted.
Vernova GE — After revealing lower-than-expected quarterly earnings, the electric power firm saw a more than 4% decline in value.
Qualcomm — After Bloomberg revealed, citing a document, that British chip designer Arm intends to terminate a significant licensing agreement with the company, Qualcomm’s shares dropped 3.5%.
Stride: After the IT company’s quarterly earnings exceeded Wall Street’s expectations, shares jumped by more than 25%. Stride made $551.1 million in sales during the first quarter of fiscal 2025, translating into 94 cents per share.
Winnebago Industries — Following lower-than-expected results in the fiscal fourth quarter, the recreational vehicle manufacturer saw a more than 8% decline. In contrast to a FactSet average forecast of 89 cents per share.
General Dynamics – Following subpar third-quarter results, the defence contractor’s stock fell 1.3%. With $11.67 billion in revenue, $11.64 billion in sales would yield $3.47 per share. Revenue and earnings both increased from the previous year.
Spirit Airlines — The Wall Street Journal claimed that Spirit Airlines has reopened merger talks with Frontier Airlines, causing the low-cost airline’s stock to jump more than 28%.
Source (CNBC)
