Take a look at the businesses making headlines earlier than the bell:
Procter & Gamble (PG) – The patron merchandise large rose 1.1% within the premarket after it beat estimates by 5 cents with quarterly earnings of $1.13, whereas income beat forecasts as nicely. P&G did warn of constant inflation pressures as enter prices rise. Individually, CEO David Taylor will step down in November after a 6-year run, to get replaced by Chief Working Officer Jon Moeller. Taylor will turn out to be govt chairman.
Exxon Mobil (XOM) – Exxon Mobil earned $1.10 per share for the second quarter, 11 cents above estimates, whereas income additionally beat Wall Avenue forecasts. Exxon benefited from an improved price construction and higher market situations.
Chevron (CVX) – Chevron rose 1.9% in premarket buying and selling after it beat estimates by 12 cents with adjusted quarterly earnings of $1.71 per share. Income beat estimates as nicely, as oil costs rose and market situations improved.
Caterpillar (CAT) – Caterpillar fell 2% within the premarket, regardless of reporting better-than-expected revenue and income within the second quarter. Caterpillar beat estimates by 20 cents with adjusted quarterly earnings of $2.60 per share, helped by a recovering world financial system.
Robinhood (HOOD) – Robinhood inventory stays on watch after sliding greater than 8% in its debut Wall Avenue session. CEO Vlad Tenev advised CNBC’s Jim Cramer he is not apprehensive about each day market fluctuations and that he takes a long-term view on the buying and selling platform supplier’s fortunes.
Capri Holdings (CPRI) – The corporate behind the Michael Kors and Versace luxurious manufacturers earned an adjusted $1.42 per share for its newest quarter, nicely above the 80 cent consensus estimate. Income additionally exceeded forecasts and Capri raised its annual outlook for the second time this yr. The inventory jumped 3.9% in premarket motion.
Restaurant Manufacturers (QSR) – The guardian of Tim Hortons, Popeyes and Burger King reported adjusted quarterly earnings of 77 cents per share, 51 cents above estimates, and income additionally got here in above Wall Avenue forecasts. Outcomes obtained a lift from an growing variety of prospects visiting eating places because the pandemic receded.
Amazon (AMZN) – Amazon shares fell 6.6% within the premarket after it missed Wall Avenue income estimates for the primary time for the reason that third quarter of 2018. It did, nevertheless, report a quarterly revenue of $15.12 per share, which beat the consensus estimate of $12.30.
Pinterest (PINS) – Pinterest inventory was hammered 21.2% in premarket buying and selling after the image-sharing web site operator reported a quarterly decline in month-to-month common customers. Pinterest had seen utilization surge throughout the pandemic as individuals remained at dwelling and spent extra time in entrance of their computer systems. Pinterest did, nevertheless, beat analyst estimates for each revenue and income for its newest quarter.
T-Cell US (TMUS) – T-Cell reported quarterly earnings of 78 cents per share, 25 cents increased than Avenue forecasts, whereas the cell service supplier additionally noticed income beat estimates. Larger demand for 5G units and companies helped increase its subscriber numbers.
Gilead Sciences (GILD) – Gilead got here in 14 cents forward of estimates with an adjusted quarterly revenue of $1.87 per share, whereas the drug maker’s income exceeded estimates as nicely. Nevertheless, gross sales of Gilead’s flagship HIV medication fell 2% throughout the quarter, and the inventory misplaced 1.5% in premarket buying and selling.
Texas Roadhouse (TXRH) – Texas Roadhouse beat estimates by 9 cents with quarterly earnings of $1.08 per share, whereas the restaurant chain’s income was additionally above Avenue forecasts. Nevertheless, Texas Roadhouse did say it expects meals prices to proceed to rise and its inventory fell 5.2% within the premarket.