December 9, 2022

Brighton Journal

Complete News World

Mita, Ford, Honeywell, Caterpillar and more

Mita, Ford, Honeywell, Caterpillar and more

A sign appears outside the inaugural physical store of Facebook Meta Platforms Inc owner in Burlingame, California, May 4, 2022.

Little Brittany Hosea | Reuters

Check out the companies making headlines before the bell.

dead – The social media stock is down 22.8% after that Meta reported profit loss The forecast for the fourth quarter is weaker than expected. Meta reported earnings of $1.64 per share on revenue of $27.71 billion. Analysts polled by Refinitiv expected $1.89 per share on revenue of $27.38 billion. Worrying about overspending to build the metaverse hurts the stock, too.

stronghold – Stocks fell 1.7% after Ford reported a net loss of $827 million in the last quarterciting supply chain and cost issues after dropping the Argo AI autonomous vehicle unit.

Honeywell – The stock rose 4.6% after the industrial company beat its third-quarter earnings expectations, citing strong growth in its advanced materials, commercial aviation and construction products business.

Larva – Shares rose 5.1% after Caterpillar Inc. reported earnings that outpaced net earnings. The construction machinery and equipment manufacturer reported earnings of $3.95 per share on revenue of $14.99 billion. Caterpillar was expected to generate $3.16 per share on revenue of $14.33 billion, according to consensus estimates from Refinitiv.

Northrop Grumman Northrop Grumman Inc. fell 3.8% after it missed revenue expectations for the third quarter. The defense company reported revenue of $8.97 billion, compared to expectations of $9.13 billion, according to consensus estimates compiled by Refinitiv.

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Comcast Telecom stock then jumped 6.4%. Comcast tops earnings and revenue forecasts. Comcast reported earnings of 96 cents a share on revenue of $29.85 billion, compared to expectations of 90 cents a share on revenue of $29.65 billion, according to consensus estimates on Refinitiv.

McDonald’s – The fast food giant rose 2.5% after that Exceeding expectations in its last quarter. McDonald’s said traffic is growing at its US restaurants even after raising prices, unlike other quick-service chains that recently raised menu prices.

Alignment Technology – Invisalign shares fell 19.7% after Align Technology posted a disappointing earnings report. The Invisalign maker reported earnings of $1.36 per share and revenue of $890 million. Analysts polled by Refinitiv expected earnings of $2.18 per share on revenue of $953 million.

sleep number The stock fell 26% after the sleep number released a weak forecast for the fourth quarter due to weak demand and supply chain issues for semiconductors.

Service now ServiceNow rose 13.8% after the software company after beating earnings expectations in the third quarter, although a slight miss was reported in sales estimates, according to consensus estimates on FactSet.

Disclosure: Comcast is the owner of NBCUniversal, the parent company of CNBC.