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Caterpillar, Chevron, Apple and others

Try the businesses making headlines earlier than the bell:

Caterpillar (CAT) – Caterpillar earned an adjusted $2.69 per share for the fourth quarter, beating the $2.26 consensus estimate, with income additionally coming in above analyst forecasts. The heavy gear maker’s gross sales have been up 23% from a yr earlier regardless of provide chain constraints. Nonetheless, elevated prices weighed on Caterpillar’s revenue margins and the inventory slipped 1.4% in premarket buying and selling.

Chevron (CVX) – Chevron slid 2.8% within the premarket after lacking bottom-line estimates for the fourth quarter, though income exceeded analyst forecasts. Chevron earned an adjusted $2.56 per share, in contrast with a $3.12 consensus estimate, regardless of increased oil and fuel costs.

VF Corp. (VFC) – The corporate behind North Face, Vans and different attire manufacturers noticed its inventory fall 2% in premarket buying and selling after it minimize its full-year gross sales forecast on account of supply delays and employee shortages. VF reported better-than-expected revenue and income for its most up-to-date quarter.

Apple (AAPL) – Apple reported document revenue and income for its newest quarter, regardless of provide chain points that minimize into gross sales. Apple earned $2.10 per share, in contrast with a $1.89 consensus estimate, and income additionally topped Avenue forecasts. CEO Tim Prepare dinner stated these provide chain challenges are exhibiting indicators of enchancment. Apple shares jumped 3.1% within the premarket.

Visa (V) – Visa beat estimates by 11 cents with an adjusted quarterly revenue of $1.81 per share. The cost community’s income additionally beat estimates. Visa was helped by a leap in journey spending and continued progress in e-commerce, with the corporate seeing quarterly income above $7 billion for the primary time. Visa rallied 3.6% in premarket buying and selling.

Mondelez (MDLZ) – Mondelez fell a penny wanting analyst forecasts with adjusted quarterly earnings of 71 cents per share, although the snack maker’s income did beat estimates. Mondelez raised costs in the course of the quarter, nevertheless it was not sufficient to make up for elevated prices for components and logistics. Mondelez slid 2.2% in premarket motion.

Robinhood (HOOD) – Robinhood slumped 13% within the premarket after warning that current-quarter income may fall considerably from a yr in the past. The buying and selling platform operator reported a quarterly lack of 49 cents per share, 4 cents wider than estimates, though income was barely above analyst forecasts.

Western Digital (WDC) – Western Digital shares plunged 10.4% in premarket buying and selling after the disk drive maker issued a weaker-than-expected outlook, and provide chain points that prevented it from absolutely assembly sturdy demand. Western Digital did beat prime and bottom-line estimates for its newest quarter, incomes an adjusted $2.30 per share in contrast with a consensus estimate of $2.13.

3M (MMM) – 3M will enchantment a ruling that awarded $110 million to 2 U.S. Military veterans who stated they suffered listening to loss after utilizing 3M’s fight earplugs. 3M has confronted a number of lawsuits over allegations that the design of the earplugs is flawed. The inventory fell 1% within the premarket.

Beazer Homes (BZH) – Beazer Properties jumped 5.1% in premarket buying and selling after beating prime and bottom-line estimates for the quarter ending in December. Beazer earned $1.14 per share, nicely above the 67-cent consensus estimate, and stated the housing market continues to see sturdy demand and restricted provide

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