Netflix, Procter&Gamble, United Airlines, and Intuitive Surgical Rise Premarket
By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Wednesday, October 19th. Please refresh for updates.
Netflix (NASDAQ: NFLX) stock rose 12% after the streaming giant attracted 2.4 million new subscribers worldwide in the third quarter, more than double the consensus forecast, and guided for 4.5 million additions by year-end.
Procter & Gamble (NYSE: PG) stock rose 1.7% after the consumer goods giant beat quarterly earnings expectations even as it cut its full-year sales forecast, as higher pricing offset lower demand for its products.
Nasdaq (NASDAQ: NDAQ) stock rose 4.9% after the exchange operator reported a 15% jump in third quarter adjusted profit, driven by strong demand for its investment products that helped offset a slowdown in initial public offerings.
Travelers (NYSE: TRV) stock rose 1.3% after the property and casualty insurer posted record net written premiums growth of 10% in the quarter, even while reporting a 20% fall in quarterly profit on the back of hurricane-related claims.
United Airlines (NASDAQ: UAL) stock rose 5.5% after the carrier reported better than expected quarterly earnings and issued an upbeat forecast for the current quarter amid a surge in travel demand.
Baker Hughes (NASDAQ: BKR) stock rose 2.2% after the oilfield services provider reported a quarterly loss, compared with a profit a year ago, hit by charges related to the oilfield services provider's restructuring.
Exxon Mobil (NYSE: XOM) stock rose 0.4% after Jefferies upgraded its stance on the oil giant to ‘buy’ from ‘hold’, calling it a premium oil stock that can rally more than 30%.
Intuitive Surgical (NASDAQ: ISRG) stock rose 10% after the medical equipment maker reported strong quarterly results, helped by a jump in the number of procedures performed with its da Vinci robotic surgical devices.
ASML (NASDAQ: ASML) ADRs rose 5.2% after the chipmaking equipment group reported record new orders, adding it won't be badly affected by the latest U.S. restrictions on sales of silicon chips to China.