Coca-Cola, Sherwin-Williams lead premarket gainers on earnings beats

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Summary · why it matters

Coca-Cola and Sherwin-Williams were among the biggest premarket movers after both companies reported quarterly results that exceeded expectations and raised their full-year outlooks. Coca-Cola shares rose 2% after posting adjusted earnings of 97 cents per share on revenue of $13.38 billion, topping analyst estimates. Sherwin-Williams climbed nearly 6% with adjusted earnings of $3.70 per share on $6.79 billion in revenue, also beating forecasts and lifting its full-year earnings guidance. Johnson & Johnson gained more than 2% after agreeing to pay $5.5 billion to settle talc-related ovarian cancer lawsuits. Hilton Worldwide fell 2.7% after issuing third-quarter earnings guidance below consensus, while Universal Health Services dropped 3% on a lowered full-year outlook. Welltower advanced 4.5% after raising its full-year normalized funds from operations forecast above estimates, and Happen, formerly LendingClub, surged more than 6% on stronger-than-expected full-year earnings guidance.

Impact on assets 16

Consumer Staples▲ · 2 stocks
Digital Finance & Tokenization▲ · 2 stocks
LendingClub Corp
LC
▲ PositiveCapitalrelevance

Happen issued stronger-than-expected full-year earnings guidance.

Critical Materials & Supply Chain▲ · 2 stocks
Consumer Discretionary▼ · 1 stocks
Biotech & Genomic Medicine▲ · 1 stocks
Johnson & Johnson
JNJ
▲ PositiveRegulationrelevance

Agreed to pay $5.5 billion to settle talc-related ovarian cancer lawsuits

Health Care▼ · 1 stocks
Aging Population▲ · 1 stocks
Welltower Inc
WELL
▲ PositiveCapitalrelevance

Welltower raised its full-year normalized funds from operations forecast above estimates.

Defense & Geopolitical Fragmentation▲ · 1 stocks
Artificial Intelligence▲ · 1 stocks
Cybersecurity & Digital Trust▲ · 1 stocks
Semiconductors▲ · 1 stocks