Coca-Cola, Johnson & Johnson, Netflix, Verizon & more

Try the businesses making headlines earlier than the bell:

Johnson & Johnson – J&J shares rose roughly 1% within the premarket after the corporate beat quarterly forecasts and raised its earnings outlook amid sturdy gross sales of medication and medical units. J&J reported adjusted quarterly earnings of $2.48 per share, beating the $2.27 consensus estimate, with income additionally topping Road forecasts.

Verizon – Verizon added 1.3% in premarket buying and selling, after beating estimates by 7 cents with adjusted quarterly revenue of $1.37 per share. The corporate additionally reported better-than-expected income and subscriber development, and raised its full-year outlook.

Coca-Cola – The beverage large’s shares rallied nearly 2% in premarket motion following an upbeat quarter. Coca-Cola got here in 12 cents above estimates with adjusted quarterly earnings of 68 cents per share, with income beating forecasts as venues like stadiums and film theaters reopened. Coca-Cola additionally raised its full-year forecast.

Harley-Davidson – The bike maker reported quarterly earnings of $1.33 per share, 16 cents above estimates, though income was wanting analyst projections. Its backside line benefited from gross sales of extra high-margin merchandise like touring and cruiser bikes. Harley shares jumped greater than 2.5% within the premarket.

Netflix – Netflix reported quarterly earnings of $2.97 per share, lacking the consensus estimate of $3.16, though income and membership development did beat forecasts. Its subscriber development forecast for the present quarter is under present analyst estimates.

Chipotle Mexican Grill – Chipotle earned an adjusted $7.46 per share, beating consensus forecasts of a $6.52 per share revenue. The restaurant chain’s income was barely above Wall Road forecasts, and comparable gross sales additionally beat analyst projections as indoor eating continued to rebound. Chipotle shares surged roughly 4.5% in premarket buying and selling.

United Airlines – United inventory rose practically 1% within the premarket after the airline matched estimates with a quarterly loss of $3.91 per share. United’s income did beat forecasts, quadrupling in contrast with a yr earlier. The airline mentioned it anticipated current-quarter unit income to enhance in contrast with the pre-pandemic third quarter of 2019.

JPMorgan Chase – The financial institution awarded Jamie Dimon 1.5 million stock options that aren’t exercisable for not less than 5 years, with the board saying the award displays its want for the 65-year-old CEO to proceed in that position “for a big variety of years.”

SAP – SAP raised its outlook for the second time this yr, with the enterprise software program large benefiting from its work serving to clients transition IT operations to the cloud. Regardless of the elevate, SAP shares fell nearly 5% within the premarket.

Qualtrics International – Qualtrics shares surged 4.5% within the premarket after the SAP spinoff forecast better-than-expected 2021 gross sales and losses that have been smaller than analysts have been anticipating. The supplier of buyer score programs mentioned its choices have develop into extra standard as firms enhance their on-line presence and use of apps to do enterprise.

Intuitive Surgical – Intuitive Surgical reported adjusted quarterly revenue of $3.92 per share, in contrast with a $3.07 consensus estimate. The surgical gear maker additionally reported better-than-expected income, as gross sales and utilization of its da Vinci surgical robotic programs elevated amid a rebound in medical procedures post-pandemic. Intuitive Surgical gained 3% in premarket buying and selling.

Sleep Number – Sleep Quantity fell 28 cents shy of estimates with quarterly earnings of 88 cents per share, with the mattress retailer’s income under estimates as properly. Sleep Quantity mentioned provide shortages proceed to impression its gross sales, and its inventory tumbled greater than 12% in premarket motion.

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