Cipla partners with Eli Lilly to sell tirzepatide in India
Investing.com -- U.S. stock futures traded largely unchanged Wednesday, with investors digesting a deluge of important quarterly earnings.
Here are some of the biggest premarket U.S. stock movers today:
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Netflix (NASDAQ:NFLX) stock slumped 6.4% after the streaming giant reported a third-quarter operating margin of 28%, which missed Wall Street expectations, due largely to charges related to a spat with tax authorities in Brazil.
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Mattel (NASDAQ:MAT) stock dropped 6% after the toy maker missed estimates for third-quarter revenue and profit, as retailers worried about an uncertain economic outlook delayed orders for "Barbie" and other toys.
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AT&T (NYSE:T) stock rose 0.8% after the telecom giant added more wireless subscribers than expected in the third quarter, as bundled plans and heavy promotions around the latest iPhone launch helped it attract more customers in a fiercely competitive market.
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GE Vernova (NYSE:GEV) stock fell 1.4% after the energy transition company missed third-quarter earnings estimates, despite revenue exceeding expectations on robust growth in orders and backlog.
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Apple (NASDAQ:AAPL) stock fell 0.6% after the Nikkei reported that the tech giant is “drastically” cutting production orders for its new iPhone Air model and shifting focus toward other iPhone 17 variants.
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Tesla (NASDAQ:TSLA) stock slipped 0.2% ahead of the electric vehicle’s third-quarter results, which are expected to be strong thanks to U.S. buyers rushing to take advantage of an expiring $7,500 federal electric vehicle tax credit.
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Hilton Worldwide (NYSE:HLT) stock gained 2.8% after the hotel operator slashed its forecast for 2025 room revenue, hurt by muted U.S. travel demand.
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Teck Resources (NYSE:TECK) stock gained 0.4% after the miner beat third-quarter profit estimates on Wednesday, lifted by higher copper and zinc prices, even as production at its Quebrada Blanca copper mine in Chile remained constrained by tailings work.
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Vale (NYSE:VALE) ADRs gained 0.5% after the Brazilian miner reported its strongest quarterly iron ore output since 2018 and said it is on course to meet the upper end of its 2025 production targets across its key divisions.
- HP (NYSE:HPQ) stock fell 2.2% after JPMorgan has downgraded its stance to "neutral" from "overweight", saying the company is entering a more challenging phase as it moves past the most favorable part of the PC volume and cost cycle.