Stocks making the biggest moves premarket: PayPal, Corning, UPS, Coca-Cola & more
Check out the companies making headlines before the bell: PayPal — Shares slipped 1% after the digital payments platform reported a revenue miss in its third-quarter report. The company reported revenue of $8.58 billion, compared to an LSEG estimate of $8.71 billion. Earnings, however, beat estimates and PayPal raised its full-year profit forecast. Corning — The materials science stock popped nearly 3% on third-quarter results that exceeded expectations. Corning reported earnings of 91 cents per share, excluding items, on revenue of $5.08 billion. Analysts polled by LSEG had expected per-share earnings of 88 cents on revenues of $5.02 billion. UPS — The package delivery company gained 1.6% after it reported third-quarter results that beat Wall Street expectations and raised its full-year guidance. UPS projects full-year consolidated revenue of approximately $92.6 billion, up from its previous expectations of $91.2 billion, as well as fourth-quarter revenue of $25.7 billion. Coca-Cola — Shares of the beverage giant gained 0.3% after Coca-Cola said it raised its full-year outlook for a third straight quarter, in spite of lackluster demand in its home market. Coke expects comparable earnings per share to grow at least 11%, up from its prior forecast of an increase in the range of 9% to 10%. It also anticipates that its organic revenue will climb at least 5%, a slight increase from its previous outlook of approximately 5% growth. Nvidia , Meta Platforms — Nvidia said it will invest $3 billion in Meta after the social media and artificial intelligence giant announced plans to raise up to $95 billion to support its investments in AI infrastructure. Shares of Nvidia gained 0.7%, while Meta Platforms dipped 0.3%. Amkor Technology — Shares of the semiconductor packaging and testing company rose more than 3.5% despite the company missing analysts’ third-quarter earnings and revenue expectations. Amkor reported earnings of 76 cents per share and revenue of $1.99 billion. Analysts polled by FactSet expected earnings of 78 cents per share and $2.04 billion in revenue. Amkor also reduced its capital expenditure outlook to around $2.5 billion for the fiscal year, versus prior guidance of between $2.5 billion and $3 billion. Royal Caribbean — Shares advanced 4.4% after the company reported third-quarter earnings that beat analyst expectations. The cruise line operator earned $6.57 per share, excluding certain items, topping a FactSet forecast of $6.38 per share. The company also raised its full-year earnings guidance for 2026. Boeing — The aerospace company was slightly higher by 0.5% after it reported mixed financials for the third-quarter . While it posted a loss that was wider than expected, revenue came in above an LSEG consensus. — CNBC’s Ananya Chetia, Davis Giangiulio, Paulina Likos, Amelia Lucas, Laya Neelakandan and Kai Nicol-Schwarz contributed reporting
