Stocks making the biggest moves in the premarket: Procter & Gamble, Johnson & Johnson, Travelers and more

  • Date: 19-Oct-2021
  • Source: CNBC
  • Sector:Tourism
  • Country:Gulf
  • Who else needs to know?

Stocks making the biggest moves in the premarket: Procter & Gamble, Johnson & Johnson, Travelers and more

(PG) – The consumer products giant , with quarterly earnings of $1.61 per share. Revenue also topped Wall Street forecasts. P&G said it was facing increasing commodity and transportation costs, however, and its shares fell 1.1% in the premarket. (JNJ) – J&J shares rose 1% in premarket trading after the company , 25 cents a share above estimates. Revenue was slightly below analysts' forecasts. J&J also raised its full-year outlook, noting strength across all its businesses. (TRV) – The insurance company's stock jumped 3.3% in premarket action after it beat top and bottom line estimates for the third quarter. Travelers earned $2.60 per share, well above the $1.67 a share consensus estimate, helped by strong investment and underwriting results. (BK) – The bank came in 3 cents a share ahead of estimates, with quarterly earnings of $1.04 per share. Revenue also came in above consensus, benefiting from funds released from credit loss provisions, as well as increased fee income. (HAL) – The oilfield services company matched forecasts, with quarterly profit of 28 cents per share. Revenue fell short of analysts' predictions. Halliburton results were helped by rising oil prices, and the company expects that trend to continue. Its shares fell