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IBM, Morgan Stanley, Honeywell, Netflix and more



Look at the companies that made headlines before the bell:

Morgan Stanley – Morgan Stanley made a profit of $ 1.27 per share in the third quarter, beating estimates by 16 cents a share. Sales also exceeded analyst forecasts. Chairman and CEO James Gorman said the quarter was strong despite a typical summer slowdown and volatile markets.

Honeywell – Honeywell outperformed estimates by 7 cents per share, with adjusted quarterly earnings of $ 2.08 per share. The revenue, however, fell short of the Wall Street forecasts. Earnings growth and organic sales growth of 3% contributed to the results. Honeywell also lifted the lower end of its full-year earnings guidance for 201

9 and now expects adjusted earnings per share of $ 8.10 to $ 8.15 compared to its estimated earnings per share of $ 7.95 to $ 8.15.

Netflix – Netflix reported a quarterly profit of $ 1.47 per share. compared to a consensus estimate of $ 1.04 per share. Revenue was in line with Wall Street forecasts and Netflix grew 6.7 million paying subscribers during the quarter. However, the company warned that increasing competition could weigh on customer growth later in the year.

IBM – The company earned $ 2.68 a share in the third quarter, a penny more than estimated. However, sales fell short of analysts' forecasts. IBM reported a revenue decline for the fifth quarter in a row, reflecting the weakness of the company's legacy business. Ford – Ford announced a new public charging system for its electric vehicle customers and is also joining a team with Amazon's Home Services unit to install various home charging systems.

BellRing Brands – Initial public offering of BellRing at $ 14 per share, below the projected price range of $ 16 to $ 19 per share. BellRing, manufacturer of snacks from the PowerBar brand, is a spin-off from Post Holdings and trades on the New York Stock Exchange this morning.

CSX – The company's quarterly earnings were above its estimates, at $ 0.75 per share, at $ 1.08 per share. The revenue of the railway company corresponded to the Wall Street forecasts. CSX also posted lower shipment volumes

Tesla – Tesla received approval from Chinese regulators to commence production in that country. Tesla is building a $ 2 billion factory in Shanghai.

Unilever – Unilever reported weaker-than-expected third-quarter revenue, with weaker demand in India and China. Emerging markets account for approximately 60% of consumer goods business.

Taiwan Semiconductor – Taiwan Semi posted a better-than-expected quarterly profit, with the chipmaker and Apple supplier up 13.5% on the previous year. [19659003] Facebook – Facebook fell again in Interbrand's annual Best Global Brands report, dropping from 9th to 14th place. Interbrand – a unit of ad giant Omnicom – said the estimated value of the Facebook brand dropped 12% to $ 39.9 billion from a year ago.

Alcoa – Alcoa generates sales of up to $ 1 billion and closes manufacturing facilities. when aluminum prices fall. The aluminum producer reported a loss of 44 cents per share for the third quarter, more than the 33 cents that Wall Street had expected. Sales were essentially in line with expectations. [Apple'sApplePayserviceisbeingreviewedbytheEuropeanUnion'sregulatorsforantitrustconcernsaccordingtotheWallStreetforecastsaccordingtotheFinancialTimes


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