Robinhood, McDonald’s, Microsoft & more

Check out the companies making headlines Wednesday before the bell:

Coca-Cola (KO) Coca-Cola jumped 2.9% in the primary market after posting giant beverage earnings and revenue, also raising its full-year forecast. Coca-Cola reported adjusted quarterly earnings of 65 cents per share, 7 cents higher than Refinitiv’s estimate. The reopening of theaters and restaurants helped produce results.

McDonald’s (MCD) – McDonald’s rose 3.1% after reporting adjusted quarterly earnings of $2.76 per share, 30 cents above estimates. Revenue and similar restaurant sales beat analysts’ expectations, too, helped by higher prices and new menu items.

Boeing (BA) – Boeing reported an adjusted quarterly loss of 60 cents per share, compared to an expected loss of 20 cents per share, while revenue was also below expectations. Boeing reported better-than-expected free cash flow, and the stock rose about 1% in pre-market activity.

General Motors (GM) – General Motors fell 1.2% in the primary market even after beating Wall Street expectations in both top and bottom earnings. The automaker earned an adjusted $1.52 per share in the third quarter, well above the consensus estimate of 96 percent. It also released a strong forecast for the full year.

Harley-Davidson (HOG) — The motorcycle maker reported quarterly earnings of $1.05 per share, beating the consensus estimate of 70 percent, with revenue also beating expectations. Harley said it was mitigating the impact of supply chain challenges, and its stock rose 2.5%.

Spotify (SPOT) – The music streaming service reported a larger-than-expected quarterly loss, but revenue beat analyst estimates as did user growth. The stock gained 2.5% in the primary market.

Microsoft (MSFT) – Microsoft beat estimates by about 20 cents with adjusted quarterly earnings of $2.27 per share, with revenue above estimates as well. Microsoft has benefited from significant growth in its cloud computing business. The stock gained 1.5% in pre-market activity.

Alphabet (GOOGL) — Alphabet earned $27.99 per share for the third quarter, topping Refinitiv’s estimate of $23.48 per share, with revenue from parent Google also beating Wall Street expectations. This quarter saw the biggest growth in Google Ads sales in 14 years, but the stock was down 0.5%.

Twitter (TWTR) – Twitter reported adjusted quarterly profit of 18 cents per share, beating Refinitiv’s forecast of 3 cents per share. Revenue came in line with estimates. User growth was just below consensus. However, Twitter has not noticed a significant impact from the change in Apple’s privacy policies, unlike social media competitors Facebook (FB) and Snap (SNAP). Twitter shares added 1.7% in pre-market activity.

Robinhood (HOOD) – Robinhood fell 8.5% in pre-market trading, after the trading platform operator posted a larger-than-expected loss and quarterly revenue that didn’t beat estimates. A quarter of Robinhood has been hit by a drop in cryptocurrency trading levels, among other factors.

Visa (V) – Visa reported adjusted quarterly earnings of $1.62 per share, 8 cents above expectations, with revenue also exceeding expectations in increased online and travel spending. However, Visa fell 2.5% in the primary market after releasing revenue forecasts that some analysts viewed as conservative.

Enphase Energy (ENPH) — Enphase is up 15.5% in pre-market trading, after the solar company beat the highest and lowest estimates last quarter as revenue soared to record levels.

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