Check the companies that make headlines before the bell rings.
General Electric (GE) – The shares of GE rose more than 7% in the advance market after the company announced that it will split into three listed units with a focus on aviation, healthcare and energy. GE said it will release its health unit by early 2023 and the energy unit by early 2024.
Palantir (PLTR) – The Palantir share fell 2% in the advance market even after the software and data analysis company̵[ads1]7;s revenues in the third quarter beat the Wall Street forecast. The company reported revenue of $ 392 million against an expected $ 385 million, according to Refinitiv. Palantir’s earnings per share were in line with estimates.
Coinbase (COIN) – Shares on the cryptocurrency exchange rose more than 2% in the pre-market after bitcoin reached a new all-time high on Tuesday, rising above $ 68,000 at one point. Ethereum also set a new record high and topped the $ 4800 level.
Cinemark (CNK) – Shares in Cinemark rose more than 2% in trading early in the morning after Credit Suisse upgraded its cinema share to a neutral one. The company said Cinemark is the “best-positioned US pure-play theater operator as the box office expands into 2022.”
Nucor (NUE) – Nucor shares fell more than 1% in trading early in the morning after Citi downgraded the steel stock to neutral from buying. After Nucor gathered on Monday after the house’s decision on a massive infrastructure bill, Citi said that the good news had already been priced into Nucor shares.
Roblox (RBLX) – Roblox shares rose more than 25% in early morning trading after better-than-expected quarterly results. The online gaming platform reported revenue of $ 637.8 million against the $ 636.5 million expected from Wall Street analysts, according to Refinitiv.
TripAdvisor (TRIP) – TripAdvisor shares fell more than 8% before the market after the travel booking company missed Wall Street expectations for its third quarter financial results. The company earned adjusted 16 cents per share of $ 303 million in turnover. Analysts surveyed by Refinitiv expected the company to earn 24 cents a share of $ 304 million in revenue.
Robinhood Markets (HOOD) – Robinhood shares retreated more than 3% in early morning trading after the company announced a data security breach. Robinhood said the breach occurred late Wednesday night and that the third party “gained access to a limited amount of personal information for part of the [Robinhood’s] customers. “
PayPal (PYPL) – PayPal shares fell more than 4% before the market after the digital payment company reported quarterly results. The company’s revenue of $ 6.18 billion fell below the Refinitive consensus estimate of $ 6.23 billion. PayPal also released a fourth-quarter forecast that did not meet analysts’ expectations and provided disappointing guidance for next year.
SmileDirectClub (SDC) – SmileDirect shares fell more than 22% in early morning trading after the digital dental company reported weaker than expected. quarterly results. The company reported revenue of $ 138 million, less than the expected $ 182.5 million, according to estimates from StreetAccount.
Disclosure: NBC Nightly News investigated SmileDirectClub’s customer complaints in 2020. The company accused NBCUniversal of publishing false information about the company and is demanding $ 2.85 billion for defamation.