Facebook, General Electric, and more Companies Making Stock Price Moves
Among the companies making high and low stock price moves, Facebook is the first company experiencing a rise in share prices. The data shows that the share prices for Facebook have experienced a 1.9% rise in premarket trading. The data shows that the share prices for Facebook experienced a surge after it shared its earnings report for the third quarter of 2021. The company revealed that its earnings were mixed for the respective quarter of 2021.
Facebook has revealed that in the particular quarter, it generated earnings worth $3.22 per share, which is 3 cents per share higher than the analyst expectations. Facebook has revealed that it has missed out on the revenue figures for the respective quarter. It revealed that it wasn’t able to generate the expected amount of sales from ads due to the privacy restrictions that Apple has recently faced.
Then it is General Electric in the list that has experienced a 1.9% increase in the share prices in the premarket trading. The data shows that the rise in the share prices for the company was following General Electric’s sharing of earnings reports for the third quarter of 2021. In the report, General Electric has revealed that it has generated earnings worth 57 cents per share in the second quarter of 2021. Facebook has revealed that it generated 14 cents per share higher earnings than what the analysts had predicted in the first place.
General Electric also revealed that the free cash flow it has generated is higher than what the analysts had predicted. The performance report shared by the company is really helping it in terms of its stock prices in the market.
Tesla is constantly making it to the headlines of the stock exchange markets for its performance in recent weeks. The electric car manufacturing giant has been performing really well in the stock exchange markets. The changes that the company has made to its strategies and processes are really paying off for Tesla. The company that was turning out to be full of losses for the investors a few months back is now in all greens.
The stock prices for Tesla are constantly on the rise but it did face a slight fall in its share prices in the recent premarket trading sessions. The data shows that the drop was just 0.4% in the premarket trading that can be ignored given the amount of growth the company is exhibiting.
Polaris makes it to the list by experiencing a 5.9% fall in the premarket trading action. The company experienced a drop after sharing its earnings report for the third quarter of 2021, which was really bad. The company revealed that although it managed to meet the earnings of $1.98 per share predicted by analysts, it failed to achieve revenue consensus. As a result, the company had to cut off its performance outlook for the upcoming quarters.