Anheuser, Align Technology, and more Companies Making Stock Price Moves
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In the list of companies making significant movements in the stock markets, Anheuser-Busch InBev is a company that is worth mentioning. The reports from the stock markets reveal that the share prices for Anheuser have experienced an over a 10.2% increase. According to the reports, this rise was experienced in the premarket trading, which means that the company is to make even more progress by the end of the trading day.
The share prices for the beer brewer soared after it shared the earnings report for the quarter that recently ended by the end of September 2021. The company revealed that it has recorded a surge in its sales that has eventually, increased its earnings/revenues in the third quarter. The company has revealed that it has topped its earnings and revenue estimations with great results.
After witnessing a great surge in demand and supply of beer and other beverages, Anheuser has upgraded its outlook for the upcoming quarters of 2021. The company is also expecting a stronger year ahead in terms of consumer demand and sales. The firm has revealed that out of all the international markets it is delivering its beer, Brazil has appeared as the country with the strongest demand.
The beer demand from Brazil has been getting stronger every passing month. They are planning to increase their production for the particular beers that the Brazilian consumers are demanding on a really large scale.
Align Technology is next on the list has experienced a great surge in its share prices in the premarket trading. The reports from the stock exchange market confirm that Align Technology’s share prices have surged by 8.4%. Align Technology is also benefiting heavily from the earnings report it has recently shared for the third quarter of 2021.
The maker of the dental brace system has revealed that in the third quarter of 2021, it has generated earnings worth $2.87 per share. The company has generated these earning figures against the $2.60 per share earnings estimations made by the analysts from Refinitiv. Even the revenue it reported was much higher than the expectations set by the analysts for the particular quarter of 2021.
The company has also increased its full-year guidance in light of the earnings it has generated for the third quarter of 2021.
Sleep Number comes next in the list as it has also experienced a significant rise in the share prices in the premarket trading. The mattress maker experienced a surge in share prices after sharing its earnings report for the third quarter of 2021. The mattress maker revealed that it generated earnings worth $2.22 per share, compared to the $1.44 per share estimations. This helped the company experience a 7.8% increase in share prices.
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