$Pfizer (PFE.US)$shares climbed 1.2% as the pharmaceutical company upgraded its profit outlook for the year, thanks to strong sales of its COVID-19 treatment which led to third-quarter earnings surpassing expectations.
$VF Corp (VFC.US)$experienced a significant increase, with shares jumping 19.7% in premarket trading. The jump followed a profitable report after two consecutive quarters of losses, sparking investor optimism for a swift recovery.
$SoFi Technologies (SOFI.US)$stock advanced 1.6% in response to the company’s third-quarter performance exceeding forecasts and an upward revision of its annual outlook.
Gapping down
Shares of$Ford Motor (F.US)$tumbled 6.9% following the company's adjustment of its annual profit outlook downwards due to supply chain issues and increased warranty costs amid a global price war.
$D.R. Horton (DHI.US)$shares took a sharp downturn, dropping 9.9%, after the company failed to meet fourth-quarter financial expectations and issued a disappointing forecast for fiscal year 2025.
$JetBlue Airways (JBLU.US)$stock dipped 9.3% after the airline projected a decline in revenue for the upcoming quarter, overshadowing an earnings beat.
$Boeing (BA.US)$saw a decrease of 1.6% in its stock value after announcing a substantial $21 billion capital raise through an expanded share sale, aimed at bolstering its financial position.
$McDonald's (MCD.US)$shares dropped 2.3% on the back of weaker-than-expected global comparable sales, despite outperforming earnings predictions.
Source: CNBC; Investing.com
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