O-I Glass Posts Downbeat Results, Joins AMD, Qorvo And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
O-I Glass, Inc. reported disappointing Q3 results, missing both earnings and sales estimates, leading to an 18.4% drop in pre-market trading. Other companies like AMD, Qorvo, and Eli Lilly also saw declines due to weak earnings or guidance.
October 30, 2024 | 12:29 pm
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NEGATIVE IMPACT
AMD shares fell 8.6% in pre-market trading after reporting third-quarter financial results.
AMD's Q3 financial results led to a decline in share price, indicating investor disappointment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Eli Lilly shares declined 10.7% in pre-market trading after reporting worse-than-expected Q3 earnings and sales.
Eli Lilly's Q3 earnings and sales missed expectations, leading to a decline in share price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 60
NEGATIVE IMPACT
O-I Glass reported Q3 losses of 4 cents per share, missing estimates, and issued weak FY24 guidance, causing an 18.4% drop in pre-market trading.
O-I Glass missed both earnings and sales estimates for Q3 and issued weak guidance for FY24, leading to a significant drop in share price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Qorvo shares fell 18% in pre-market trading after issuing weak guidance for the third quarter.
Qorvo's weak guidance for Q3 has led to a significant drop in its share price, reflecting investor concerns.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 70