Biggest premarket movers: JetBlue, Pinterest, Chewy stocks

Arista Networks, the cloud networking solutions company, exceeded expectations in the third quarter, causing its shares to rise by nearly 10%. The company reported earnings of $1.83 per share, surpassing the estimated $1.58, and generated $1.51 billion in revenue, higher than the projected $1.48 billion. Pinterest also experienced a significant boost in its shares, surging…

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12% of Honasa Consumer IPO Subscribed on the First Day

Mamaearth’s parent company, Honasa Consumer, has received a lukewarm response from institutional investors during its public issue. Prior to its initial public offering (IPO), the company managed to raise a substantial amount of ₹765 crore from anchor investors. On the first day of the issue, the IPO saw a subscription of only 12%. This lack…

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Q2 sees 56% surge in GAIL’s net profit

GAIL (India) Ltd, a state-owned gas utility, has announced a notable surge of 56 percent in its net profit for the September quarter. This impressive increase can be attributed to the substantial earnings generated from its gas transmission and marketing business, which offset the losses incurred in the petrochemical segment. The company’s standalone net profit…

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