Market Movers: Premarket Stock Changes Following Earnings Reports
- Intuitive Surgical shares dropped 6% after disappointing Q3 results.
- SpaceX reported a 161% revenue increase, lifting its shares by 8%.
- Netflix’s stock fell 7% despite meeting revenue expectations for Q3.
Intuitive Surgical, a player in the medical robotics sector, saw its shares decline by 6% following an unimpressive third-quarter earnings report. The company reported earnings of $3 per share, excluding certain items, and generated revenue of $3.05 billion.
SpaceX’s stock surged by 8% after the company disclosed a remarkable 161% increase in third-quarter revenue, reaching $14.58 billion. During the announcement, CEO Elon Musk noted that SpaceX and Tesla have formed special committees aimed at discussing a potential merger, with Tesla shares gaining 1%.
Other aerospace shares rose in response to SpaceX’s earnings report, including Rocket Lab, which increased by 2.5%, AST SpaceMobile with a rise of nearly 3%, and Firefly Aerospace, which jumped by 3.5%.
Netflix reported third-quarter revenue of $12.87 billion, a year-over-year increase of 12%. Although the results aligned with Wall Street expectations, the stock fell nearly 7% as membership growth and a subscription price hike in March contributed to the results.
AT&T’s shares decreased by 3.5% despite surpassing earnings and revenue estimates for the third quarter. The telecommunications company raised its full-year earnings guidance but acknowledged that capital expenses were slightly above expectations, according to FactSet.
Capital One Financial’s shares climbed by 3% after the lender announced a third-quarter net income of $3.5 billion, or $5.61 per share, up from $3.2 billion or $4.83 per share in the prior year.
United Airlines experienced a 1% decline before the market opened, reporting a third-quarter adjusted EPS of $2.54 on total revenue of $17.88 billion, which fell short of Wall Street estimates of $2.57 per share and $17.90 billion in revenue.
Super Micro Computer saw its shares rise by 12% after the company raised its fiscal first-quarter revenue outlook to a range between $18.5 billion and $19.5 billion, up from its prior estimate of $14.5 billion to $15.5 billion. Competitors Dell Technologies and Hewlett Packard Enterprise also gained, with Dell shares rising 5.5% and HPE up 4.5%.
Danaher Corporation’s shares fell by 5.5% after the life sciences innovator reported a slight revenue miss in its third-quarter earnings. The company posted revenue of $6.55 billion, slightly below FactSet’s expectations of $6.56 billion, although adjusted earnings surpassed estimates and full-year guidance was raised.
Philip Morris International’s shares slipped by 3% after it reported better-than-expected third-quarter results; however, its earnings guidance for 2026 fell short of analyst expectations, according to FactSet.
Despite reporting better-than-expected results for the third quarter, CME Group’s shares fell by 1%. The company delivered adjusted earnings of $3.02 per share, compared to analysts’ forecasts of $2.99 per share, with revenue and operating income also exceeding estimates.
News Courtesy of CNBC
