General Electric, Centene Corp, and more Making Stock Prices Movements
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In the latest stock market trends, the first company to make its place in the list is General Electric. In the premarket trading, the stock prices for the energy giant have experienced over a 2% rise. The company recently publicly shared its earnings report for the third quarter of 2021, where it shared promising results. The firm revealed that in the third quarter of 2021, the company’s estimated earnings were worth 43 cents per share. However, the company achieved higher earnings than the estimations, hitting earnings of 57 cents per share.
Unfortunately, the company went slightly lower than the estimations that were made for revenues. As for the free cash flow, General Electric reported that the figure was higher than the analysts’ estimations.
Next on the list is Robinhood, a famous application for performing stock trades. The report shows that the stock prices for the stock trading application have experienced over 9% plummet. The company reportedly shared its earnings report for the third quarter of 2021 that resulted in the demise of the platform’s share prices. The company revealed that in the third quarter of 2021, the company’s revenue estimations were $432. However, the actual revenue the company generated was worth $365 million for the third quarter. This means that the company fell $67 million short of the revenue estimations that were set by the analysts.
Microsoft is the next tech company on the list that has experienced an over a 1% surge in the stock prices in premarket trading. The tech giant’s stock price surge was a result of the recently shared fiscal first-quarter revenue report. In the report, it was revealed that the company had achieved higher than expected earnings in the particular quarter. Even the revenue the company generated was much higher than the revenue estimations made by the analysts at Refinitiv. The analysts had predicted that the company had achieved revenue worth $45.32 billion while the estimations were $43.97 billion. This goes to show that the company has generated $1.35 billion more than the expected revenues.
Then it is Enphase Energy in the list that has experienced over a 7% surge in the share prices in the premarket trading. The rise in the share prices for the company was due to the earnings report it recently shared for the third quarter of 2021. In the report, Enphase Energy has reported that it has generated revenues worth $351.5 million, while the analysts had predicted it would generate revenue worth $345 million. This goes to show that the company has successfully generated $6.5 million more in revenue than the estimates. It was the analysts from StreetAccount that had shared their estimations for the company’s revenues.
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