Alphabet, Microsoft, Mattel, Skechers Fall Premarket; Kraft Heinz Rises

  • Investing.com
  • Stock Market News
Alphabet, Microsoft, Mattel, Skechers Fall Premarket; Kraft Heinz Rises
Credit: © Reuters.

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Wednesday, October 26th. Please refresh for updates.

  • Alphabet (NASDAQ: GOOGL ) stock fell over 6% after the Google parent reported disappointing ad sales as advertisers cut back on their spending in the face of an economic slowdown.

  • Microsoft (NASDAQ: MSFT ) stock fell 6.4% after the software giant forecast revenue growth in its closely watched Azure cloud-computing business will drop substantially in the current period from the prior quarter.

  • Kraft Heinz (NASDAQ: KHC ) stock rose 3.5% after the food company beat third quarter sales estimates, as higher product prices offset pressure from reduced demand for its packaged meals and condiments.

  • Mattel (NASDAQ: MAT ) stock fell 5% after the toymaker cut its annual profit forecast and said it would ramp up promotions heading into the busy holiday season as red-hot inflation hit discretionary spending.

  • Boeing (NYSE: BA ) stock rose 1.4% after the planemaker stuck to its forecast of generating cash this year despite struggling to raise commercial jet production due to labor and supply shortages and taking a $2.8 billion charge.

  • Texas Instruments (NASDAQ: TXN ) stock fell 5.9% after the chipmaker forecast fourth quarter revenue and profit below estimates as it expects demand across most of its end markets to decline.

  • Skechers (NYSE: SKX ) stock fell 14% after the casual footwear retailer missed third quarter earnings estimates and posted below-consensus guidance.

  • Visa (NYSE: V ) stock rose 2% after the credit card giant reported better-than-expected quarterly earnings as more Americans took advantage of a stronger dollar to travel and entertain more.

  • Bed Bath & Beyond (NASDAQ: BBBY ) stock fell 2.27% after the retailer named Sue Gove as its president and chief executive officer. Gove had been serving as the interim CEO since June this year.

  • Harley-Davidson (NYSE: HOG ) stock rose 3.7% after the motorcycle maker reported a 38% jump in quarterly profit as higher shipments and strong pricing allowed the company to navigate cost inflation.

  • General Dynamics (NYSE: GD ) stock rose 0.9% after the Gulfstream jet maker reported a rough 5% rise in its third quarter profit, fueled by strong demand for chartered flights.

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search

Related Articles