BJ's Restaurants Posts Downbeat Earnings, Joins nVent Electric, Amcor And Other Big Stocks Moving Lower In Friday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
BJ's Restaurants reported disappointing third-quarter earnings, leading to a 5.6% drop in pre-market trading. Other companies like nVent Electric, Amcor, and DigitalBridge also saw declines due to weaker-than-expected financial results.
November 01, 2024 | 11:53 am
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NEGATIVE IMPACT
Amcor shares fell 4.5% in pre-market trading after reporting worse-than-expected first-quarter financial results.
Amcor's worse-than-expected financial results led to a decline in its share price, indicating investor disappointment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
BJ's Restaurants reported a quarterly loss of 13 cents per share, missing the consensus estimate of 2 cents per share, causing a 5.6% drop in pre-market trading.
BJ's Restaurants missed EPS estimates significantly, which is a strong negative signal for investors, leading to a notable drop in share price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
DigitalBridge Group shares declined 6% in pre-market trading after reporting weaker-than-expected third-quarter results.
The weaker-than-expected third-quarter results for DigitalBridge Group led to a significant drop in its share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
nVent Electric shares fell 6.1% in pre-market trading after the company reported third-quarter results.
The decline in nVent Electric's share price suggests that the market reacted negatively to its third-quarter results.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80