News Update – Pre-Markets

The companies are making news before the bell rings.

Exxon Mobil added 2% in premarket trading after posting record profits. The slide in crude oil prices was counterbalanced by higher natural gas prices.

After top and bottom line beats, the company rose 1.7% in premarket action. The $11.2 billion profit was lower than the previous quarter, but still the second-best on record.

Amazon slumped in the premarket after it projected much weaker-than- expected revenue for the current quarter. A strong U.S. dollar is reflected in Amazon's projection.

For the July through September period, Apple's revenue was its highest on record. The sales of the iPhone were slightly below expectations. Apple was up 1% before the market opened.

The company's quarterly results beat analyst forecasts and its monthly user numbers topped expectations.

Despite cutting its full year sales forecast, Intel rallied in premarket action. The chip maker said it will focus on cost reductions over the next year after beating top and bottom line estimates.

The French drug maker issued an upbeat forecast after the market closed. Demand is high for its flu vaccines.

T-Mobile reported the strongest jump in subscriber numbers since it merged with Sprint in 2020.

The footwear and apparel maker reported a quarterly profit that was 12 cents above estimates. The company's conservative forecast pushed the stock down in the pre market.