Coca-Cola, McDonald’s, and more Companies Making Stock Price Moves
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Among the list of companies making moves in the stock markets, the first company is Coca-Cola. The share prices for Coca-Cola have experienced a 1.9% rise in premarket trading. The beverage giant experienced an increase in share prices after sharing its quarterly earnings for the third quarter. Coca-Cola has revealed that it achieved both high and low lines that were set by the analysts.
For the particular quarter, the analysts had predicted that the company would achieve adjusted earnings worth 58 cents per share. Surprisingly, Coca-Cola achieved earnings worth 65 cents per share. This means that the earnings achieved by Coca-Cola for the respective quarter were 7 cents higher than analysts’ estimations. Based on strong earnings for the particular quarter, Coca-Cola has also hiked its earnings/revenues for the entire year.
McDonald’s comes next in the list that has experienced a 2.7% increase in the share prices in the premarket trading. The fast-food chain had recently shared its earnings report for the third quarter of 2021. In the report, the company revealed that it beat the earnings estimates set by the analysts for the third quarter of 2021. The analysts had reportedly estimated that the company would achieve earnings worth $2.46 per share. However, the company successfully generated earnings worth $2.76 per share. This is 30 cents more earnings than the estimations set by the analysts for the respective quarter.
McDonald’s has revealed that it was due to the new menu items and higher prices for menu items that have helped in generating high revenues.
Next on the list is Boeing that has reportedly experienced a dip in stock prices in the premarket trading. The reports reveal that a 1.5% drop has been observed in the aircraft makers. This happened right after the company shared its earnings report for the third quarter. The report suggested that the company had generated lower than expected results for the respective quarter of 2021.
For the particular quarter, the analysts had estimated that the company would face 20 cents per share in the form of adjusted quarterly loss. However, Boeing ended up facing an adjusted quarterly loss worth 60 cents per share. This is a huge loss for Boeing given the fact that the company is currently recovering from the losses it incurred due to the pandemic. As for the revenues, the company failed to meet the estimates in that sector as well.
General Motors is the next company on the list that has experienced a loss in its share prices. The reports reveal that a 5.4% drop has been observed in the stock prices for the automobile manufacturing company. It is really concerning that the company’s stock prices fell even though it shared promising earning results for the third quarter of 2021. It revealed that in the third quarter, it generated $1.52 per share in profits and $26.78 billion was the revenue figure against. Surprisingly, the profit and revenue figures that the analysts had estimated were 96 cents per share and $26.51 billion per share respectively.
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