Welcome to Extreme Investor Network, where we provide you with the latest news and insights in the world of finance. Today, we’re discussing some of the top companies making headlines before the bell.
VF Corporation, the parent company of North Face and JanSport, saw its shares soar nearly 20% after reporting better-than-expected quarterly results. The company posted adjusted earnings of 60 cents per share on $2.76 billion in revenue, surpassing analysts’ expectations.
On the other hand, Ford Motor’s shares slid 7% as the automaker guided to the lower end of its full-year earnings guidance. Despite slightly exceeding third-quarter expectations, Ford is facing challenges with softening demand and rising inventory.
Cadence Design Systems, an electronic design company, saw its stock jump more than 5% after beating Wall Street estimates for third-quarter earnings. The company also raised its non-GAAP earnings per share outlook for 2024.
In the world of cloud services, F5 surged over 10% on better-than-expected results for the fourth fiscal quarter. The company posted $3.67 in adjusted earnings per share on revenue of $747 million, surpassing analysts’ estimates.
Meanwhile, BP’s shares slid more than 2% after the oil major reported its weakest quarterly results in almost four years. Despite reporting a third-quarter underlying replacement cost profit of $2.3 billion, down from previous quarters, the company is facing challenges.
This is just a snippet of the finance news making waves today. Stay tuned to Extreme Investor Network for more updates and insights on the world of finance.