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IBM, Morgan Stanley, Honeywell, Netflix and others



Check out the companies that make headlines before the bell:

Morgan Stanley – Morgan Stanley reported third quarter earnings of $ 1.27 a share, beating estimates by 16 cents a share. Revenues also beat analysts' forecasts. Chairman and CEO James Gorman said the quarter is strong despite typical summer slowdowns and changing markets.

Honeywell – Honeywell beat estimates by 7 cents a share, with adjusted quarterly earnings of $ 2.08 a share. However, revenue does not reach Wall Street forecasts. The results were aided by an increase in profit margins and a 3% increase in organic sales. Honeywell also raised the bottom of its full-year earnings forecast, now forecasting adjusted earnings per share of $ 8.1

0 to $ 8.15 compared to its previous $ 7.95 to $ 8.15 stock valuation.

Netflix – Netflix reported quarterly earnings of $ 1.47 per share, compared to the consensus estimate of $ 1.04 per share. Revenues also beat forecasts, and Netflix saw the addition of 6.77 million paid subscribers in the quarter. However, the company warned that increasing competition could weigh on subscriber growth for the remainder of the year.

IBM – The company earned an adjusted $ 2.68 per share for the third quarter, a penny per share above forecasts. Revenues are lower than analysts' estimates, but IBM reports a fifth consecutive quarter of sales decline due to weakness in the company's legacy business.

Ford – Ford has announced a new public billing network for its electric vehicle customers and is also uniting. with Amazon's home department to install various home billing options.

BellRing Brands – BellRing's initial public offering of $ 14 per share, below the estimated range of $ 16 to $ 19 per share. BellRing, a PowerBar-based snack maker, is a discount on Post Holdings and will start trading this morning on the New York Stock Exchange.

CSX – The company's quarterly earnings came in at 7 cents per share, with earnings of $ 1.08 a share. The rail operator's earnings were in line with Wall Street forecasts. CSX also saw lower volumes of deliveries

Tesla – Tesla received approval from Chinese regulators to start production in this country. Tesla is in the process of building a $ 2 billion factory in Shanghai.

Unilever – Unilever reported weaker-than-expected third quarter sales, with softer demand in India and China. Emerging markets represent about 60% of the consumer product business.

Taiwan Semiconductor – Taiwan Semi reports better than expected quarterly profit, with chip maker and Apple seeing its net profit increase 13.5% from a year earlier. [19659003] Facebook – Facebook once again fell into Interbrand's annual Global Top Brand Report, dropping to 14th place out of 9th. Interbrand, a unit of advertising giant Omnicom, said Facebook's predicted value dropped 12% to $ 39.9 billion from a year earlier.

Alcoa – Alcoa is considering up to $ 1 billion in asset sales as well as closing production capacity as aluminum prices fall. The aluminum maker reported a loss of 44 cents a share for the third quarter, in excess of the 33 cents a share Wall Street expected. Revenues were essentially in line with expectations.

Apple – Apple's Apple Pay service is being investigated for antitrust issues by European Union regulators, according to the Financial Times.


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