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Alphabet Q3 Results Trounce Street View

Pre-market Movers: TRKA, NVAX, SESN, HX, BBIG…

The following are some of the stocks making big moves in Wednesday’s pre-market trading (as of 06.00 A.M. EDT).

In the Green

Troika Media Group, Inc. (TRKA) is up over 26% at $2.04

Sesen Bio, Inc. (SESN) is up over 16% at $1.18

Xiaobai Maimai Inc. (HX) is up over 15% at $11.00

IceCure Medical Ltd (ICCM) is up over 10% at $6.68

Valneva SE (VALN) is up over 8% at $38.38

Greenpro Capital Corp. (GRNQ) is up over 8% at $1.01

MICT, Inc. (MICT) is up over 6% at $1.54

Bit Brother Limited (BTB) is up over 6% at $1.06

In the Red

Novavax, Inc. (NVAX) is down over 17% at $132.49

Vinco Ventures, Inc. (BBIG) is down over 15% at $6.56

Entasis Therapeutics Holdings Inc. (ETTX) is down over 5% at $3.06

Rio Tinto Group (RIO) is down over 4% at $67.79

Grove, Inc. (GRVI) is down over 4% at $7.28

Immutep Limited (IMMP) is down over 4% at $4.11

Owens Corning Reveals Gain In Q3 Profit

Owens Corning (OC) revealed a profit for its third quarter that increased from the same period last year.

The company’s bottom line totaled $260M, or $2.50 per share. This compares with $206M, or $1.88 per share, in last year’s third quarter.

Excluding items, Owens Corning reported adjusted earnings of $262M or $2.52 per share for the period.

The company’s revenue for the quarter rose 16.3% to $2.21 billion from $1.90 billion last year.

Owens Corning earnings at a glance:

-Earnings (Q3): $262M. vs. $193M. last year.
-EPS (Q3): $2.52 vs. $1.76 last year.
-Revenue (Q3): $2.21 Bln vs. $1.90 Bln last year.

Boston Properties Inc. Q3 Earnings Rise, Beats estimates

Boston Properties Inc. (BXP) released a profit for its third quarter that climbed from the same period last year.

The company’s profit came in at $108.30 million, or $0.69 per share. This compares with $92.48 million, or $0.58 per share, in last year’s third quarter.

Analysts had expected the company to earn $0.63 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 5.3% to $730.06 million from $693.27 million last year.

Boston Properties Inc. earnings at a glance:

-Earnings (Q3): $108.30 Mln. vs. $92.48 Mln. last year.
-EPS (Q3): $0.69 vs. $0.58 last year.
-Analysts Estimate: $0.63
-Revenue (Q3): $730.06 Mln vs. $693.27 Mln last year.

Hilton Worldwide Holdings, Inc. Q3 adjusted earnings Miss Estimates

Below are the earnings highlights for Hilton Worldwide Holdings, Inc. (HLT):

-Earnings: $241 million in Q3 vs. -$79 million in the same period last year.
-EPS: $0.86 in Q3 vs. -$0.29 in the same period last year.
-Excluding items, Hilton Worldwide Holdings, Inc. reported adjusted earnings of $219 million or $0.78 per share for the period.
-Analysts projected $0.85 per share
-Revenue: $1.75 billion in Q3 vs. $933 million in the same period last year.

Netflix Series Stirs Debate About the Lives of Ultra-Orthodox Women

The show, “My Unorthodox Life,” tracks the world of Julia Haart, who fled a religious community she found repressive. But some in the community she left say they feel misrepresented.

By Joseph Berger

Budget calculator: Find out if you are better or worse off following Chancellor Rishi Sunak’s statement

Are you richer or poorer?

Use our budget calculator to see how you have been affected by the chancellor’s tax and spending announcements.

Put your details in the table below and find out if you are better or worse off.

Bunge Limited Q3 Profit Beats Estimates; Increases Earnings Outlook

Bunge Limited (BG) said it delivered a truly exceptional quarter with strong performances across the company’s core and non-core operations. Looking forward, the company increased full-year adjusted earnings per share outlook to at least $11.50 based on strong third quarter results and favorable market trends.

Analysts polled by Thomson Reuters expect the company to report profit per share of $7.67. Analysts’ estimates typically exclude special items.

Third quarter adjusted earnings per share increased to $3.72 from $2.47, a year ago. On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $1.16, for the quarter. Net income to common shareholders increased to $653 million or $4.28 per share compared to $274 million or $1.84 per share, last year.

Net sales increased to $14.12 billion from $10.16 billion, a year ago. Analysts expected revenue of $11.61 billion, for the quarter.

Shares of Bunge Limited were up 5% in pre-market trade on Wednesday.

Alphabet Q3 Results Trounce Street View

Alphabet Inc. (GOOG,GOOGL), the parent company of Google, Tuesday reported its third-quarter results, with both profit and revenues trumping Wall Street estimates, reflecting increased ad spending and cloud revenues.

Alphabet reported third-quarter profit of $18.94 billion or $27.99 per share, a jump from last year’s profit of $11.25 billion or $16.40 per share. On average, 27 analysts polled by Thomson Reuters estimated earnings of $23.47 per share for the quarter. Analysts’ estimates typically exclude one-time items.

Revenues for the quarter surged 41 percent to $65.12 billion from $46.17 billion last year. Analysts had a consensus revenue estimate of $63.45 billion for the quarter.

Google advertising revenues surged to $53.13 billion from $37.10 billion last year, as YouTube ad and Google Search revenues also increased. Google cloud revenues rose to $4.99 billion from $3.44 billion last year.

Commenting on the results, CEO Sundar Pichai said, “Five years ago, I laid out our vision to become an AI-first company. This quarter’s results show how our investments there are enabling us to build more helpful products for people and our partners. Ongoing improvements to Search, and the new Pixel 6, are great examples. And as the digital transformation and shift to hybrid work continue, our Cloud services are helping organizations collaborate and stay secure.”

GOOG closed Tuesday’s trading at $2,793.44, up $17.98 or 0.65%, on the Nasdaq. The stock, however, slipped $7.44 or 0.27% on the Nasdaq.