Stocks making the biggest moves premarket: American Airlines, Honeywell, RTX, Ford and more
Following the release of their third-quarter profit guidance, American Airlines’ stocks decreased by 6%. They predict unit revenue will fall by up to 4.5% as the industry grapples with oversupply and low fares.
Despite better-than-expected quarterly numbers, Honeywell’s shares fell almost 5% after the company’s guidance failed to meet analyst expectations.
Southwest Airlines’ shares dipped 5% despite exceeding second-quarter predictions. The company warned of a potential decrease in revenue per average seat mile and a possible increase of up to 13% in nonfuel costs.
RTX, an aerospace and defense supplies manufacturer, saw its shares increase by 3% after their second-quarter earnings surpassed estimates.
Shares of toy maker Hasbro soared over 6% as they updated their full-year guidance, and their second-quarter earnings and revenue exceeded forecasts.
AbbVie, a biopharmaceutical company, saw a drop of almost 3% in share value despite reporting better-than-expected second-quarter results.
Following a second-quarter miss on both top and bottom lines, the chemical company Dow lost almost 5%.
IBM’s shares increased by 3% after the tech company’s quarterly results surpassed expectations.
The defense company Northrop Grumman’s stocks went up 3% after they reported a top and bottom line beat for the second quarter and raised their forecast.
Keurig Dr Pepper’s stock increased by nearly 5% after posting quarterly results in line with expectations and maintaining its full-year forecast.
The financial services company Nasdaq saw a 2% increase in shares after its second-quarter results slightly exceeded analysts’ estimates.
The software stock ServiceNow jumped 6% in premarket trading after reporting stronger-than-expected earnings and an elevation of its full-year outlook.
Shares of Molina Healthcare, a managed care company, rallied 10% after reaffirming its full-year guidance for adjusted earnings.
Despite disappointing guidance and quarterly revenue that missed analysts’ expectations, shares of Align Technology, the Invisalign clear aligner manufacturer, declined nearly 6%.
Shares of Edwards Lifesciences plummeted more than 23% following weaker-than-expected guidance.
Fast-casual chain Chipotle saw its shares advance almost 2% after beating earnings and revenue expectations as its restaurants saw increased traffic.
Shares of automaker Ford Motor dropped 13% after second-quarter earnings missed analysts’ estimates due to longstanding warranty issues.
Shares of Viking Therapeutics, a drug developer, rose more than 14% after the company announced that it will advance its experimental obesity treatment, VK2735, into a phase 3 clinical trial.
