Robinhood, McDonald’s, Microsoft and more

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Check out the companies making headlines Wednesday before the bell:

Coca-Cola (KO) – Coca-Cola jumped 2.9% in pre-release following lower profits and revenues at the beverage giant, which also raised its guidance for the full year. Coca-Cola reported adjusted quarterly earnings of 65 cents per share, 7 cents above an estimate from Refinitiv. The results were aided by the reopening of theaters and restaurants.

McDonald’s (MCD) – McDonald’s climbed 3.1% after reporting adjusted quarterly earnings of $ 2.76 per share, 30 cents above estimates. Restaurant revenue and comparable sales also exceeded analysts’ forecasts, helped by higher prices and new menu items.

Boeing (BA) – Boeing reported an adjusted quarterly loss of 60 cents per share, compared to an expected loss of 20 cents per share, while revenue was also lower than expected. Boeing reported better-than-expected free cash flow, and the share rose about 1% before market.

General Motors (GM) – GM fell 1.2% pre-market even after beating Wall Street’s forecast for both top and bottom results. The automaker earned adjusted $ 1.52 per share in the third quarter, well above the consensus estimate of 96 cents. He also posted strong outlook for the year as a whole.

Harley-Davidson (HOG) – The motorcycle maker reported quarterly profit of $ 1.05 per share, beating the consensus estimate of 70 cents, with revenue expectations also exceeding. Harley said he was working to mitigate the impact of supply chain challenges, and his stock gained 2.5%.

Spotify (SPOT) – The music streaming service reported a larger-than-expected quarterly loss, but revenue exceeded analysts’ estimates, as did user growth. The stock gained 2.5% in pre-market.

Microsoft (MSFT) – Microsoft beat estimates by 20 cents with adjusted quarterly earnings of $ 2.27 per share, with revenue also exceeding estimates. Microsoft has benefited from significant growth in its cloud computing business. The stock gained 1.5% in the pre-market stock.

Alphabet (GOOGL) – Alphabet gained $ 27.99 per share for the third quarter, beating Refinitiv’s estimate of $ 23.48 per share, with Google’s parent company earnings also beating Wall Street forecasts. The quarter saw the strongest growth in Google ad sales in 14 years, but the stock fell 0.5%.

Twitter (TWTR) – Twitter reported adjusted quarterly earnings of 18 cents per share, beating Refinitiv’s forecast of 3 cents per share. Turnover is in line with estimates. User growth was just below consensus. However, Twitter did not see a significant impact from the change in Apple’s privacy policies, unlike social media rivals Facebook (FB) and Snap (SNAP). Twitter shares added 1.7% to the pre-market share.

Robinhood (HOOD) – Robinhood fell 8.5% in pre-market trading, after the operator of the trading platform posted a larger-than-expected loss and quarterly income that missed estimates. Robinhood’s quarter was affected by declining cryptocurrency trading levels, among other factors.

Visa (V) – Visa reported adjusted quarterly earnings of $ 1.62 per share, 8 cents above expectations, with revenue also exceeding expectations for increasing online and travel spending. However, Visa fell 2.5% in pre-release after releasing a revenue outlook that some analysts saw as conservative.

Enphase Energy (ENPH) – Enphase jumped 15.5% in pre-market trading, after the solar company beat earnings estimates in its most recent quarter, with revenues reaching record levels.


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