2023-11-01 12:44:00
Main stocks to follow on Wednesday on Wall Street, where index futures open down 0.3% for the Dow Jones .DJI, 0.31% for the Standard & Poor’s-500 .SPX and 0 .37% for the Nasdaq * ADVANCED MICRO DEVICES AMD.O loses 2.4% in pre-market trading following the chipmaker unveiled lower-than-expected quarterly forecasts on Tuesday evening, citing the weakness of the video game market and the decline of demand from certain industries using its programmable chips. * KRAFT HEINZ KHC.O published a quarterly profit on Wednesday which exceeded estimates and raised its annual forecasts, the sauce manufacturer’s margins having benefited in particular from the rise in prices. The stock rose 1% in pre-market trading. * ESTEE LAUDER EL.N, faced with weak sales in China, revised its annual forecasts downwards on Wednesday and now forecasts adjusted earnings per share for the whole of 2024 of between 2.17 and 2. $42, compared to a previous forecast of $3.50 to $3.75. The stock fell 13% in pre-market trading. * CVS HEALTH CVS.N published a quarterly profit above expectations on Wednesday, as the pharmacy business offset higher-than-expected medical costs from its insurance unit. * SPIRIT AERO SPR.N on Wednesday announced forward losses of $101 million on aircraft production at Boeing BA.N and Airbus AIR.PA and reduced its annual forecast for deliveries of Boeing 737 fuselages .* HUMANA HUM.N beat expectations for its quarterly profit on Wednesday and reaffirmed its full-year forecast, supported by better-than-expected performance of its Medicare Advantage insurance plans for people older than aged 65 or those suffering from certain disabilities. * PAYCOM SOFTWARE PAYC.N fell 35.6% in pre-market trading following anticipating on Tuesday a turnover for the fourth quarter lower than estimates due to weak demand for payroll and human resources management solutions. * FIRST SOLAR FSLR.O advances 4.4%, the solar panel manufacturer having revised upwards the bottom of its profit forecast range for the whole year. * WEWORK WE.N loses around 35% in pre-market trading, following media reports that the flexible office space giant, which has faced heavy debt and substantial losses for several years, plans to file for bankruptcy from next week. * MATCH MTCH.O, the owner of the dating app Tinder, on Tuesday forecast fourth-quarter revenue below estimates, as inflation and unrest in some markets weigh on growth at some of its main platforms. * DUPONT DD.N exceeded analysts’ expectations for its third-quarter profit on Wednesday, as the chemicals maker benefited from rising prices. * CHESAPEAKE ENERGY CHK.O beat estimates for its third-quarter profit on Tuesday, as lower costs helped offset the impact of falling natural gas prices. WESTROCK WRK.N – The packaging producer’s shares rose 2.6% in pre-market trading following Smurfit Kappa SKG.I, which reached an $11 billion takeover deal in September, said it had noted improvements in its order books in Germany, which might bode well for a return to volume growth. * TERNIUM TX.N announced Tuesday a net profit of $271 million for its third quarter, an increase of more than 77% compared to the same period last year, with the steelmaker’s steel shipments having increased by almost 40%. (Written by Diana Mandiá)
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