Each day, the Benzinga Pro news team highlights several stocks with Trading Idea potential. Be the first to see them by becoming a Benzinga Pro user!
Comcast Corporation CMCSA stock lost 0.2 percent after the company reported mixed fourth quarter results. Comcast said it earned 49 cents per share on revenue of $21.025 billion, while Wall Street analysts were expecting the company to earn 47 cents per share on revenue of $21.82 billion.
United Technologies Corporation UTX lost 0.4 percent despite the aerospace company reporting a better than expected fourth quarter earnings. United Technologies earned $1.60 per share in the fourth quarter on revenue of $15.7 billion, while Wall Street analysts were expecting the company to earn $1.56 per share on revenue of $15.4 billion.
Cerus Corporation CERS soared higher by 30 percent after the biomedical products company issued an encouraging update to its phase 3 trial called INTERCEPT. Cerus said primary efficacy and safety endpoints were successfully achieved in a chronically transfused patient population and supports the company's mark submission which is planned for the second half of 2018.
Sharing Economy International Inc SEII gained more than 10 percent after the China-based company announced a new partnership with Asiabots Ltd. As part of the partnership, the two companies will focus on developing artificial intelligence and machine learning business solutions for cross-regional business clients, including major retailers and consumer products companies.
Microsemi Corporation MSCC gained around 5 percent Wednesday morning after ending Tuesday's session higher by nearly 6 percent. The marketer of analog and mixed-signal semiconductor solutions was rumored to be in talks to sell itself.
Ford Motor Company F gained nearly 1 percent early Wednesday morning. The automaker is scheduled to report its fourth quarter results after Wednesday's market close.
25 Stocks Moving In Wednesday's Pre-Market Session
A Peek Into The Markets: U.S. Stock Futures Surge Ahead Of Earnings
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
