August 14, 2022

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In the list of companies making stock price movements, the first company in the list is Chegg. The data from the stock market shows that the education technology company has witnessed a huge plunge in terms of its share prices. According to reports, the company stock prices have experienced an over 25% plunge in the share prices in the premarket trading. Chegg recorded the plunge after sharing its earnings report for the third quarter of 2021.

In the earnings report, Chegg reported that the revenue estimations set by the analysts for the third quarter were $174.5 million. However, the company only managed to achieve revenue figures worth $171.9 million from the particular quarter. The company even missed out on the estimations it had made for the subscribers.

The next company on the list is a major consumer products company “Clorox” which has experienced a rise in its share prices. In the premarket trading, the stock prices for Clorox have experienced a more than a 5% rise. The rise was experienced after Clorox shared its earnings report for the third quarter of 2021. The company reported it generated profit worth $1.21 per share versus the $1.03 per share estimates. Similarly, the company generated $1.81 billion worth of revenue against the $1.70 billion revenue estimations set by the Refinitiv analysts.

Avis Budget Group is the next company on the list that has experienced an almost 5% surge in its share prices in premarket trading. Avis Budget Group witnessed the rise after sharing its earnings report in the third quarter of 2021. The rental brands’ parent company has announced that their earnings in the third quarter of 2021 were $10.74 per share. This is much higher than the estimations of $6.52 per share that were made by the Refinitiv analysts. Similarly, the revenue generated by Avis Budget Group in the third quarter of 2021 was $3 billion, which is also higher than $2.715 billion worth of estimations.

Then the next company is NXP Semiconductors that saw its share prices cut in half after sharing its earnings report in the third quarter of 2021. The company experienced the drop despite sharing promising earnings and revenue results. The company revealed that for the third quarter of 2021, the revenue estimated by the analysts was $2.85 billion. Whereas the analysts managed to achieve revenue worth $2.86 billion.

The next company on the list is Simon Property Group that has experienced a 3% rise in its share prices. The company reported it generated higher-than-expected earnings in the third quarter of 2021. The company revealed that it generated earnings worth $2.07 per share against the consensus of $1.09 per share set by analysts at Refinitiv.


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