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Stocks making the biggest moves before the bell: AT&T, IBM, Crocs, Blackstone & more

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Crocs retailer in New York Metropolis.

Michael Brochstein | SOPA Pictures | LightRocket | Getty Pictures

Take a look at the firms making headlines before the bell:

AT&T (T) – AT&T rose 1.5% in premarket trading, after the firm beat estimates by 9 cents with an adjusted quarterly revenue of 87 cents per share. Income additionally got here in above analyst forecasts, with AT&T seeing progress in demand for its cellphone and web providers in addition to HBO and HBO Max.

Danaher (DHR) – The maker of medical and diagnostic gear earned an adjusted $2.39 per share for the third quarter, 24 cents above estimates, with income additionally topping predictions. Danaher noticed a big contribution to outcomes from Covid-19 testing and remedy. Shares had been flat in the premarket.

Blackstone (BX) – The personal fairness agency inventory gained 2.8% in premarket motion, after earnings per share got here in at $1.28, topping a consensus estimate of 91 cents. Blackstone benefited from sturdy funding efficiency, amongst different elements.

Dow Inc. (DOW) – The chemical maker got here in 19 cents above estimates with an adjusted third-quarter revenue of $2.75 per share, with income additionally above estimates. Dow noticed improved efficiency in packaging and specialty plastics in addition to coatings, and the inventory rose 1.2% in premarket trading.

Quest Diagnostics (DGX) – The medical lab operator noticed its shares leap 3.4% in the premarket following better-than-expected quarterly outcomes. Quest earned an adjusted $3.96 per share, in comparison with a consensus estimate of $2.88 per share. The corporate’s outcomes acquired a lift from elevated Covid testing, and it raised its full yr outlook.

Crocs (CROX) – Crocs surged 11.1% in the premarket, following adjusted quarterly earnings of $2.47 per share in comparison with a $1.88 consensus estimate. The shoe maker’s income additionally beat forecasts, with digital gross sales up 69%.

IBM (IBM) – IBM beat estimates by 2 cents with adjusted quarterly earnings of $2.52 per share, however income fell beneath analyst forecasts amid some weak point in the firm’s cloud enterprise and a pullback in shopper spending. IBM slid 5% in premarket trading.

CSX (CSX) – CSX reported quarterly earnings of 43 cents per share, 5 cents above estimates, with the railroad operator’s income exceeding estimates as effectively. The beat was pushed by a rise in transport volumes that was 3% above the sturdy year-ago stage. CSX shares rallied 3.9% in premarket trading.

Tenet Healthcare (THC) – Tenet earned an adjusted $1.99 per share for its newest quarter, effectively above the $1.02 consensus estimate, and the hospital operator additionally reported higher than anticipated income in addition to elevating its full-year earnings forecast. Tenet’s outcomes acquired a lift from elevated admissions in addition to a leap in income per admission. The inventory jumped 4% in premarket motion.

Unilever (UL) – Unilever gained 1.3% in premarket trading after the client merchandise large reported higher than anticipated quarterly outcomes. The maker of Dove cleaning soap and Hellman’s mayonnaise was capable of increase costs to offset increased enter prices, however warned that it expects inflation was prone to speed up in 2022.

Canadian Nationwide Railway (CNI) – The Wall Road Journal reported that activist investor Elliott Administration has taken a “substantial” stake in the rail operator. One other activist investor, TCI Fund Administration, already has a more than 5% stake in Canadian Nationwide. Shares had been flat in the premarket.

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