Today's Pre-Market Movers and Top Ratings | GOOGL, AMD, V, LLY and More
Morning Movers
Gapping up
$Alphabet-A (GOOGL.US)$ stock rose 6.3% following third-quarter results that exceeded expectations, with a notable increase in advertising revenue, which alleviated concerns over competition from AI-driven search products.
$Biogen (BIIB.US)$ stock increased 1.2% after the biotech company raised its annual earnings forecast and reported third-quarter earnings that surpassed both top and bottom line expectations.
$Humana (HUM.US)$ stock climbed 2.6% after the health insurer exceeded third-quarter profit estimates, supported by strong performance in its Medicare Advantage insurance business.
$Visa (V.US)$ 's stock increased by approximately 2.5% after the company reported fiscal fourth-quarter results that surpassed Wall Street's expectations. Visa announced adjusted earnings of $2.71 per share on revenue of $9.62 billion, exceeding the expected $2.58 per share on $9.49 billion in revenue as estimated by analysts surveyed by LSEG.
Gapping down
$Chipotle Mexican Grill (CMG.US)$ 's shares fell about 3.4% following a report of weaker-than-expected revenue for the third quarter. The fast-casual chain saw a 6% rise in same-store sales, a crucial metric, which fell short of the 6.3% growth anticipated by analysts polled by StreetAccount.
$Advanced Micro Devices (AMD.US)$ stock slumped 8% as the chipmaker's fourth-quarter revenue forecast fell below estimates, disappointing investors with its underwhelming guidance.
$Caterpillar (CAT.US)$ stock declined 3.0% following a third-quarter earnings report where both earnings and revenue missed analyst expectations.
$The Kraft Heinz (KHC.US)$ stock dropped 3.1% after the company reported a larger-than-expected decrease in quarterly revenue, with continued weak demand for its branded meal kits and snacks.
$Eli Lilly and Co (LLY.US)$ stock fell 11.7% despite soaring demand for its weight-loss drug, as missed third-quarter profit estimates were impacted by higher manufacturing and acquisition-related costs.
$Estee Lauder (EL.US)$ stock decreased by 0.1% after the company announced Stephane de La Faverie as its new president and CEO, effective January 1, 2025, just ahead of its quarterly earnings report.
$GE HealthCare Technologies (GEHC.US)$ stock dipped 0.9% after reporting mixed quarterly results, even though the company had raised its annual earnings forecast.
Source: CNBC; Investing.com
US Top Rating Updates on 10/30
Source: TipRanks
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