четверг, 22 июля 2021 г.

Stocks making the biggest moves premarket: Netgear, Unilever, Whirlpool, Crocs & more


 Netgear – Netgear shares plummeted 14.2% after the computer equipment maker reported lower-than-expected sales and revenue for its latest quarter. The company also gave guidance that fell short of analyst forecasts. Netgear said supply chain constraints and factory closures due to Covid-19 held back its performance.

Unilever – Unilever reported better-than-expected sales and earnings for the second quarter, but the consumer products giant also said that a significant increase in commodity costs would hurt its full-year profit margins. Its shares dropped 4.6%.

Whirlpool – Whirlpool reported adjusted quarterly earnings of $6.64 per share, beating the consensus estimate of $5.90, with the appliance maker’s revenue also topping Wall Street forecasts. Whirlpool also raised its full-year guidance, as consumer demand remains strong even in the face of higher prices.