Today's Pre-Market Movers and Top Ratings | AAPL, WDC, DECK, CNC and More
Friday, Oct 25, 2024 9:06 am ET
1min read As the markets prepare for another day of trading, several stocks have caught investors' attention in the pre-market session. Let's take a closer look at some of the key movers and their respective analyst ratings.
Apple Inc. (AAPL) shares were marked 0.95% lower in premarket trading, indicating an opening bell price of $228.38 each. The tech giant reported fiscal Q3 results, with quarterly revenue of $85.8 billion, up 5% year over year, and earnings per diluted share of $1.40, up 11% year over year. Despite the strong performance, KeyBanc Capital Markets analyst Brandon Nispel downgraded Apple to 'underweight' from 'sector weight' due to concerns over iPhone sales in China.
Western Digital Corporation (WDC) shares were up 2.5% in premarket trading, following the company's fiscal Q1 2025 financial results. The company reported revenue of $4.095 billion, up 9% quarter over quarter and 49% year over year. Gross margin was 37.9%, up 2.0 percentage points quarter over quarter and 34.3 percentage points year over year. Operating income was $742 million, up 244% quarter over quarter and $884 million, up 33% quarter over quarter.
Deckers Outdoor Corporation (DECK) shares were down 1.5% in premarket trading, despite reporting strong fiscal Q2 results. The company reported revenue of $1.7 billion, up 17% year over year, and earnings per share of $1.57, up 25% year over year. However, the company's guidance for the current quarter fell short of analyst expectations, leading to a sell-off in the stock.
Constellation Brands, Inc. (CNC) shares were up 2.0% in premarket trading, following the company's fiscal Q4 results. The company reported revenue of $2.3 billion, up 10% year over year, and earnings per share of $2.73, up 15% year over year. The strong performance was driven by growth in the company's beer and wine segments.
In summary, today's pre-market movers include Apple Inc. (AAPL) shares down 0.95%, Western Digital Corporation (WDC) shares up 2.5%, Deckers Outdoor Corporation (DECK) shares down 1.5%, and Constellation Brands, Inc. (CNC) shares up 2.0%. Analyst ratings for these stocks vary, with KeyBanc Capital Markets downgrading Apple to 'underweight' due to iPhone sales concerns. Investors should closely monitor these stocks and their respective sectors for further developments.
Apple Inc. (AAPL) shares were marked 0.95% lower in premarket trading, indicating an opening bell price of $228.38 each. The tech giant reported fiscal Q3 results, with quarterly revenue of $85.8 billion, up 5% year over year, and earnings per diluted share of $1.40, up 11% year over year. Despite the strong performance, KeyBanc Capital Markets analyst Brandon Nispel downgraded Apple to 'underweight' from 'sector weight' due to concerns over iPhone sales in China.
Western Digital Corporation (WDC) shares were up 2.5% in premarket trading, following the company's fiscal Q1 2025 financial results. The company reported revenue of $4.095 billion, up 9% quarter over quarter and 49% year over year. Gross margin was 37.9%, up 2.0 percentage points quarter over quarter and 34.3 percentage points year over year. Operating income was $742 million, up 244% quarter over quarter and $884 million, up 33% quarter over quarter.
Deckers Outdoor Corporation (DECK) shares were down 1.5% in premarket trading, despite reporting strong fiscal Q2 results. The company reported revenue of $1.7 billion, up 17% year over year, and earnings per share of $1.57, up 25% year over year. However, the company's guidance for the current quarter fell short of analyst expectations, leading to a sell-off in the stock.
Constellation Brands, Inc. (CNC) shares were up 2.0% in premarket trading, following the company's fiscal Q4 results. The company reported revenue of $2.3 billion, up 10% year over year, and earnings per share of $2.73, up 15% year over year. The strong performance was driven by growth in the company's beer and wine segments.
In summary, today's pre-market movers include Apple Inc. (AAPL) shares down 0.95%, Western Digital Corporation (WDC) shares up 2.5%, Deckers Outdoor Corporation (DECK) shares down 1.5%, and Constellation Brands, Inc. (CNC) shares up 2.0%. Analyst ratings for these stocks vary, with KeyBanc Capital Markets downgrading Apple to 'underweight' due to iPhone sales concerns. Investors should closely monitor these stocks and their respective sectors for further developments.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.
