Welcome to Extreme Investor Network, where we bring you the latest news and updates on the stock market. Today, we’re discussing some of the companies that are making headlines before the bell rings.
First up, Cheesecake Factory. Activist investor JCP Investment Management has built a stake in the company and is pushing for it to consider spinning off three of its brands into a separate company. This news has caused shares to gain more than 3%.
Next, General Motors reported third-quarter results that beat analysts’ expectations. The automaker earned an adjusted $2.96 per share on revenue of $48.76 billion, surpassing the predicted profit of $2.43 per share on revenue of $44.59 billion. Despite this positive news, shares were down slightly.
Enterprise software provider SAP saw its U.S.-listed shares rise over 3% after posting a third-quarter earnings and revenue beat. The company also increased its full-year cloud and software revenue guidance, showing strong growth potential.
On the flip side, GE Aerospace fell nearly 5% after missing revenue estimates in the third quarter. Despite adjusted earnings per share beating consensus forecasts by 1 cent, the company’s revenue fell short of expectations.
These are just a few of the companies making waves in the stock market today. Stay tuned to Extreme Investor Network for more updates and analysis on the latest market trends. Remember, knowledge is power when it comes to investing, so make sure to stay informed and make strategic decisions for your portfolio.