logo-loader

EARLY MOVERS: Baker Hughes nudges higher despite earnings miss; Cognex Corp plunges

Last updated: 08:03 30 Oct 2018 EDT, First published: 04:03 30 Oct 2018 EDT

1540903924_shutterstock_108346709

There were a number of notable movers in pre-market New York deals.

Among them, oil services giant  Baker  Hughes (NYSE:BHGE) saw shares add 0.012% in pre-market as its quarterly earnings and revenue fell short of expectations.

Earnings for the three months came in at $0.19 per share, missing consensus estimates of $0.21 per share. That compared to earnings of $0.05 per share a year ago.

In other news, soup giant Campbell Soup Co (NYSE:CPB) shares added a tad in pre-market deals having gained 2.34% on Monday.

It came as news emerged that the firm's vice president of government affairs Kelly Johnston had left his role ahead of a planned early-November departure.

It came after he tweeted falsely that George Soros’s Open Society Foundations was behind the migrant caravan heading north from Central America.

In other news, Cognex Corp (NASDAQ:CGNX)  shares plunged as much as 10% to $39.61   in after-hours trade despite the tech equipment maker reporting third-quarter earnings numbers, which beat expectations on the top and bottom lines.

Elsewhere, Chegg Inc (NYSE:CHGG) shares surged 9.66% to $25.21 in before the bell deals as it posted its third-quarter earnings report.

The textbook rental firm posted $74 million in revenue for the third quarter, while analysts had expected $69 million, according to Reuters.

Caledonia Mining tackles 2023 challenges with optimism for 2024 as it...

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) chief executive Mark Learmonth tells Proactive's Stephen Gunnion the company faced a challenging 2023, primarily due to poor production in the first half of the year at its core asset, the Blanket Mine in Zimbabwe, and an underperformance...

19 minutes ago