Stocks moving the most during premarket trading include Meta, Ford, Honeywell, Caterpillar, and others


Meta — The social networking company's shares fell 22.8% after it announced a weaker-than-anticipated fourth-quarter projection and missed profits. Meta announced earnings of $1.64 per share on $27.71 billion in sales. Refinitiv's survey of analysts predicted $1.89 per share on $27.38 billion in sales. The stock was also harmed by worries about escalating investment to expand the metaverse.

Ford— Shares fell 1.7% after Ford announced a net loss of $827 million in its most recent quarter, blaming costs associated with the closure of its autonomous car business Argo AI and supply chain concerns.

Honeywell — The industrial company's shares increased 4.6% after beating third-quarter profit estimates, citing strong growth in its sectors for building goods, commercial aerospace, and advanced materials.

Caterpillar After Caterpillar posted profits that outperformed on both the top and bottom lines, shares increased by 5.1%. On $14.99 billion in revenue, the manufacturer of construction machines and equipment reported earnings of $3.95 per share. According to consensus projections from Refinitiv, Caterpillar was projected to generate $14.33 billion in revenue and earn $3.16 per share.

NROPO GROMMAN Northrop Grumman's share price fell by 3.8% after its third-quarter sales fell short of forecasts. Compared to expectations of $9.13 billion, the defense company's reported revenue was $8.97 billion, according to average estimates gathered by Refinitiv.

Comcast – The telecoms company's shares increased 6.4% after Comcast beat revenue and profit estimates. According to average estimates on Refinitiv, Comcast beat expectations and posted earnings of 96 cents per share on sales of $29.85 billion as opposed to projections of 90 cents per share on revenue of $29.65 billion.

McDonald's — After outperforming forecasts in its most recent quarter, the fast food juggernaut increased by 2.5%. In contrast to other quick-service firms that recently increased menu pricing, McDonald's said that traffic is increasing in its U.S. stores despite price increases.

Align Technology – Following the release of a dismal financial report, shares of the company that makes Invisalign fell 19.7%. The manufacturer of Invisalign announced earnings of $1.36 per share on $890 million in sales. Refinitiv's poll of analysts predicted $2.18 per share earnings on $953 million in revenue.

Sleep Number - The stock fell 26% after Sleep Number provided a bleak prognosis for the fourth quarter due to weaker demand and problems with the semiconductor supply chain.

ServiceNow — According to average estimates on FactSet, ServiceNow's share price increased by 13.8% after the software provider reported third-quarter earnings that beat predictions while slightly missing sales projections.

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