Check out the businesses making headlines earlier than the bell:
AT&T (T) – AT&T fell 1.8% within the premarket, regardless of beating estimates on each the highest and backside traces for the second quarter, because it lowered its full-year free money circulate steerage. AT&T additionally reported a bounce in quarterly wi-fi subscriber additions and raised its full-year forecast for wi-fi income progress.
DR Horton (DHI) – The residence builder reported better-than-expected earnings for its newest quarter, however income fell in need of analyst forecasts. The firm lower its full-year gross sales steerage on moderating demand. Shares fell 1.4% in premarket buying and selling.
Travelers (TRV) – Travelers rallied 4.3% in premarket motion after reporting better-than-expected revenue and income for the second quarter. The upbeat efficiency got here regardless of larger disaster losses and a drop in funding revenue.
American Airlines (AAL) – American fell 1.4% within the premarket after quarterly earnings matched estimates and income was basically according to forecasts. The revenue was the airline’s first for the reason that begin of the pandemic and the service expects the present quarter to be worthwhile as effectively.
Danaher (DHR) – The medical and industrial merchandise and companies firm’s second-quarter revenue and income have been higher than anticipated, with larger gross sales serving to offset a rise in bills. Danaher jumped 3.5% in premarket buying and selling.
Tesla (TSLA) – Tesla gained 2.7% in premarket buying and selling after reporting better-than-expected earnings for the second quarter. Tesla’s income got here in under forecasts and it noticed shrinking revenue margins because it handled larger prices and provide chain disruptions.
Carnival (CCL) – Carnival took a 12.1% hit within the premarket after saying a $1 billion widespread inventory providing. The cruise line operator plans to make use of the proceeds for common company functions.
United Airlines (UAL) – United Airlines missed prime and backside line estimates for the second quarter and the service warned of the influence of upper jet gasoline costs and a doable financial slowdown. United slid 6.8% in premarket motion.
Alcoa (AA) – Alcoa rallied 3.9% in premarket buying and selling after posting a better-than-expected second-quarter revenue as gross sales rose sooner than prices. Alcoa additionally introduced a $500 million share repurchase program.
CSX (CSX) – CSX rose 3% in premarket buying and selling after beating prime and backside line estimates for the second quarter. The rail operator is seeing skyrocketing demand however it’s having difficulties hiring due to a good labor market.
