[ad_1]
Find out which companies are making the headlines before the bell:
PepsiCo (PEP) – The snack and beverage giant gained 1.3% in pre-market trading, after exceeding estimates in terms of results and increasing its forecast for the year. PepsiCo earned adjusted $ 1.72 per share for the quarter, 19 cents above estimates, thanks to higher beverage sales in North America.
JPMorgan Chase (JPM) – The bank reported quarterly earnings of $ 3.78 per share for the second quarter, beating the consensus estimate of $ 3.21, with revenue also beating Street’s forecast. Results were boosted by an increase in investment banking fees, but the stock fell 1.3% pre-market.
Boeing (BA) – Boeing shares fell 2.2% in pre-release, after saying they would cut the production rate of its 787 Dreamliner to deal with a new production issue. It now expects to deliver less than half of the roughly 100,787 in stock this year, instead of the “vast majority” it had previously predicted.
Goldman Sachs (GS) – Goldman reported second quarter earnings of $ 15.02 per share, beating the consensus estimate of $ 10.24, while earnings also exceeded Wall Street expectations. Goldman’s bottom line was helped by an increase in global transaction costs.
Conagra Brands (CAG) – The food producer broke estimates by 2 cents with adjusted quarterly profit of 54 cents per share, with earnings also beating analysts’ forecasts. Conagra cut its guidance for fiscal 2022 due to the impact of inflation, and its stock fell 3.7% in pre-release.
Nokia (NOK) – Nokia has announced that it will announce an improved outlook for the year on July 29, when it releases its second quarter results. The telecom equipment manufacturer cites a recovery in activity during the quarter. Shares jumped 8.4% pre-market.
Hanesbrands (HBI) – Stock jumped 3.2% in pre-market after Wells Fargo slammed the “overweight” clothing producer from “equal weight”. Wells Fargo said it was impressed with the new management team at the company and the overall direction of the company.
Walt Disney (DIS) – Disney is raising the prices of subscriptions to its ESPN + sports streaming platform. The monthly price increases from $ 1 to $ 6.99, while the annual plan will increase from $ 10 to $ 69.99.
Johnson & Johnson (JNJ) – The FDA is adding a warning label to Johnson & Johnson’s Covid-19 vaccine, warning of a very low incidence of the rare neurological disorder known as Guillain-Barre syndrome. Johnson & Johnson fell 1% in pre-market.
Biogen (BIIB) – The US government has begun the review process that will determine whether Medicare will cover the cost of the newly approved Alzheimer’s drug Aduhelm. A final decision is expected within 9 months.
McDonald’s (MCD) – McDonald’s supports franchisee efforts to attract more workers, investing millions of dollars in perks such as higher wages, more paid time off, tuition assistance and child care emergency.
[ad_2]
Source link