Stocks Making the Biggest Moves Premarket, Procter & Gamble, Travelers, Netflix and More

October 19, 2022

120

Here are the companies making headlines before the bell:

Procter & Gamble (PG) – The consumer products giant’s quarterly earnings of $1.57 per share beat es

timates by 3 cents, with revenue also topping Wall Street forecasts. Results were helped by a 7% boost in organic sales, although P&G cut its full-year revenue forecast due to the impact of a stronger US dollar. P&G rose 1.7% in the premarket.

Travelers (TRV) – Travelers gained 1% in premarket trading after beating top and bottom line estimates for its latest quarter. The insurance company’s catastrophe losses rose from a year ago, but record insurance premiums helped its results.

Generac (GNRC) – The power equipment maker released preliminary third-quarter results that fell below Wall Street forecasts. Generac said residential sales were pressured during the quarter, and its largest clean-energy customer ceased operations and filed for bankruptcy. Generac tumbled 16.8% in the premarket.

Nasdaq (NDAQ) – Nasdaq added 1.5% in premarket action after reporting better-than-expected profit and revenue for the third quarter. Nasdaq saw strong demand for its various investment products as investors revamped portfolios in response to market volatility.