In the stock exchange markets, the first company is Chevron that has experienced a 2.1% surge in premarket trading. Chevron recently shared its earnings for the third quarter of 2021, showing positive growth and a performance uptrend. The company has revealed that the profits have surged after the increase in energy prices. Chevron reported that the analyst consensus for the third quarter of 2021 for earnings was $2.21 per share while the actual generation was $2.96 per share. The company has revealed that the earnings it has generated are the highest in 8 years’ time.
The company has also provided the same results for revenue generation. The company has reported that in the third quarter of 2021, the revenue generation was also above the estimations made by the Wall Street analysts.
Then it is Exxon Mobile in the list that has also reported a promising third-quarter performance. The company has reported that for the third quarter of 2021, its earnings estimations were $1.56 per share but the company achieved $1.58 per share. This goes to show that the company has performed better than the expectations of the analysts. Exxon has reported that the surge in earnings is because of the high fuel prices as well as the high demand for fuel.
Exxon has also reported that these are the highest profits they have generated in 4 years’ time. As a result of sharing positive results in the third quarter of 2021, Exxon Mobile experienced a 1.5% surge in premarket trading.
Newell Brands has also found itself mentioned in the list of companies that have experienced a surge in share prices. Newell Brands is the parent company of consumer product brands that include Sharpie, Sunbeam, and Rubbermaid. The company has reported that its earnings for the third quarter of 2021 were higher than expected. For the third quarter of 2021, the analysts had estimated that the company would achieve 50 cents per share. Whereas, Newell Brands’ earnings came in at 54 cents per share.
Even the revenue Newell Brands managed to generate was higher than what the analysts had estimated in the first place. The company revealed that although it faced many challenges including inflation issues, and supply chain delays, still, it managed to pull through the difficult times. With promising results in the third quarter of 2021, Newell Brands has recently recorded a 2% growth in the stock prices in the premarket trading.
For Newell Brands, the situation is going to become more and more favorable in the upcoming days. This is because, with the constant distribution of COVID vaccinations all over the world, things are coming back to normal. Offices are being re-opened as well as restaurants and major shopping centers. With more people leaving their houses, things are going to become favorable for companies such as Newell Brands.