{"id":78845,"date":"2023-10-31T07:08:41","date_gmt":"2023-10-31T11:08:41","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/arista-lattice-pinterest-wolfspeed-bp-ab-inbev-and-more-stock-market-movers\/"},"modified":"2023-10-31T07:08:45","modified_gmt":"2023-10-31T11:08:45","slug":"arista-lattice-pinterest-wolfspeed-bp-ab-inbev-and-more-stock-market-movers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=78845","title":{"rendered":"Arista, Lattice, Pinterest, Wolfspeed, BP, AB InBev, and More Stock Market Movers"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000784604\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Stock futures fluctuated Tuesday\u00a0after equities surged Monday, with the<br \/>\n        Dow Jones Industrial Average<br \/>\n       gaining more than 500 points, and the<br \/>\n        S&amp;P 500<br \/>\n       rising 1.2%. Weaker data on Chinese manufacturing and continued tensions in the Middle East dented sentiment Tuesday.<\/p>\n<p>These stocks were poised to make moves Tuesday:\u00a0<\/p>\n<div class=\"paywall\">\n<p>\n        Arista Networks<br \/>\n       (ANET) rose 9.3% in premarket trading after the networking-equipment provider reported adjusted earnings in the third quarter of $1.83 a share, better than analysts\u2019 estimates of $1.58. The company said it expects fourth-quarter revenue of $1.5 billion to $1.55 billion versus expectations of $1.47 billion.<\/p>\n<p>\n        Lattice Semiconductor<br \/>\n       (LSCC) reported better-than-expected adjusted third-quarter earnings but the stock sank 16% after the company said it expects fourth-quarter sales of between $166 million and $186 million, lower than estimates of $196 million.<\/p>\n<p>\n        Pinterest<br \/>\n       (PINS) reported third-quarter adjusted earnings of 28 cents a share, topping Wall Street estimates of 21 cents. Revenue of $763.2 million was up 11% from a year earlier and also was better than forecasts. The social-media site said it expects fourth-quarter revenue to increase between 11% and 13%. Shares rose 16% in premarket trading.<\/p>\n<p>\n        Wolfspeed<br \/>\n       (WOLF) reported a fiscal first-quarter loss that was narrower than expected. For the second quarter,<br \/>\n        Wolfspeed<br \/>\n       said it anticipates an adjusted loss from continuing operations of 56 cents to 70 cents a share.  Analysts forecast a loss of 69 cents. Shares of the silicon-carbide company were up 14%.<\/p>\n<p>\n        VF Corp<span>.<\/span><br \/>\n       (VFC) missed fiscal second-quarter earnings estimates and pulled its guidance for fiscal 2024, saying that efforts to turn around sales of its Vans brand have been faltering.\u00a0The stock fell 8.8%. <\/p>\n<p>Third-quarter profit at<br \/>\n        BP<br \/>\n       (BP) missed analysts\u2019 expectations and U.S.-listed shares of the the British oil company were down 4.3% in premarket trading. BP reported an underlying replacement cost profit of $3.29 billion in the quarter, up from $2.59 billion in the second quarter. Analysts were expecting third-quarter underlying replacement cost profit of $4.13 billion.<\/p>\n<p>\n        Anheuser-Busch InBev<br \/>\n       (BUD) maintained its full-year guidance despite a hit to U.S. sales as some drinkers boycotted Bud Light. Revenue in the U.S. declined by 14% in the third quarter as\u00a0AB InBev\u2019s flagship American brand Bud Light faced a\u00a0conservative boycott\u00a0over its marketing partnership with transgender influencer Dylan Mulvaney. American depositary receipts of AB InBev rose 3.5%.<\/p>\n<p>\n        Stellantis<br \/>\n       (STLA) beat revenue expectations in the third quarter but the Jeep maker said it incurred production losses of \u20ac3 billion from the six-week strike by the United Auto Workers union. Stellantis and the union reached a tentative labor deal over the weekend. The stock was rising 3.2%.<\/p>\n<p>\n        Amkor Technology<br \/>\n       (AMKR) declined 16% after the provider of semiconductor packaging and test services reported third-quarter earnings and revenue that fell from a year earlier and forecast a profit drop in the fourth quarter.<\/p>\n<p>Earnings reports are expected Tuesday from<br \/>\n        Pfizer<br \/>\n       (PFE),<br \/>\n        Advanced Micro Devices<br \/>\n       (AMD),<br \/>\n        Caterpillar<br \/>\n       (CAT),<br \/>\n        Amgen<br \/>\n       (AMGN),<br \/>\n        GE HealthCare Technologies<br \/>\n       (GEHC),<br \/>\n        Match Group<br \/>\n       (MTCH),<br \/>\n        First Solar<br \/>\n       (FSLR), and<br \/>\n        Caesars Entertainment<br \/>\n       (CZR).<\/p>\n<p>Write to Joe Woelfel at\u00a0joseph.woelfel@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/stock-market-movers-9b8fe0ff?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stock futures fluctuated Tuesday\u00a0after equities surged Monday, with the Dow Jones Industrial Average gaining more than 500 points, and the S&amp;P 500 rising 1.2%. Weaker data on Chinese manufacturing and continued tensions in the Middle East dented sentiment Tuesday. These stocks were poised to make moves Tuesday:\u00a0 Arista Networks (ANET) rose 9.3% in premarket trading [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":78846,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-78845","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Arista, Lattice, Pinterest, Wolfspeed, BP, AB InBev, and More Stock Market Movers | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Stock futures fluctuated Tuesday\u00a0after equities surged Monday, with the Dow Jones Industrial Average gaining more than 500 points, and the S&amp;P 500\" \/>\n<meta name=\"robots\" content=\"index, follow, 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