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

netgear whirlpool unilever stocks crocs
Gulf
  • Date: 07/22/2021
  • Source: CNBC
  • Sector: Economy
  • Country: Gulf

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

¢"“ 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 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 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. ¢"“ The materials science company's shares rose 1.7% in the premarket, after Dow Inc beat earnings estimates by 27 cents with quarterly a profit of $2.72 per share.‚ Revenue beat forecasts as well, as sales benefited from higher prices and tight supplies.‚ Dow also sees an upbeat second half as global economies improve. ¢"“ AT&T reported adjusted quarterly earnings of 89 cents per share, 10 cents above estimates, with revenue also above Wall Street projections.‚ AT&T