Stocks making the biggest moves premarket: Procter & Gamble, Travelers, Nasdaq and more

cnbc.com:

In this article

Check out the companies making headlines before the bell:

Procter & Gamble (PG) – The consumer products giant's quarterly earnings of $1.57 per share beat estimates by 3 cents with revenue also topping Wall Street forecasts. Results were helped by a 7% boost in organic sales, although P&G cut its full-year revenue forecast due to the impact from a stronger US dollar. P&G rose 1.7% in the premarket.

Travelers (TRV) – Travelers added 1% in premarket trading after beating top and bottom line estimates for its latest quarter. The insurance company's catastrophe losses rose from a year ago, but its results were helped by record insurance premiums.

Generac (GNRC) – The power equipment maker released preliminary third-quarter results that fell below Wall Street forecasts. Generac said residential sales were pressured during the quarter, and its largest clean-energy customer ceased operations and filed for bankruptcy. Generac tumbled 16.8% in the premarket.

Nasdaq (NDAQ) – Nasdaq gained 1.5% in premarket action after reporting better-than-expected profit and revenue for the third quarter. Nasdaq saw strong demand for its various investment products as investors revamped portfolios in response to market volatility.

Netflix (NFLX) – Netflix surged 12.2% in premarket trading after reporting it added 2.4 million subscribers during its latest quarter. That was more than twice the video streaming service's prediction and reversed a trend that saw it lose subscribers for the past two quarters.

Adobe (ADBE) – The software maker's stock rose 1.7% in the premarket after it reaffirmed its prior current-quarter outlook, encouraging investors who have seen other tech companies cut their forecasts as sales decline.

JB Hunt