Check out the companies making headlines in pre-market trading. Shares of Alphabet, the parent company of Google, fell nearly 4% before the open. Alphabet’s YouTube unit reported lower-than-expected advertising revenue in the second quarter and beat analysts’ forecasts for revenue and profit. Tesla — Shares of Tesla fell about 9% after the electric car company reported weaker-than-expected second-quarter profit. Tesla’s revenue was $25.5 billion, higher than Wall Street’s forecast of $24.77 billion. Texas Instruments — Shares of Texas Instruments rose about 2% on better-than-expected second-quarter profit. Texas Instruments reported earnings of $1.22 per share, while analysts polled by LSEG expected earnings of $1.17 per share. Madison Square Garden Entertainment — Shares of the live entertainment company jumped 3.3% after Goldman Sachs upgraded the company to “buy” from “neutral.” Goldman Sachs said the stock is purely a venue business, giving investors a good entry point after the stock’s recent poor performance. Visa — Shares of the credit card company fell more than 3% after fiscal third-quarter revenue fell short of expectations. Visa’s $8.9 billion in revenue was slightly below the $8.92 billion estimated by analysts surveyed by LSEG. AT&T — Shares of the telecommunications giant rose nearly 3% after the company reported a monthly billing increase of 419,000 wireless phone subscribers, well above the consensus forecast among analysts polled by FactSet. AT&T’s quarterly earnings per share were in line with expectations of analysts polled by London Stock Exchange Group (LSEG), while revenue missed Wall Street expectations. Capital One — The financial stock fell about 1% after the company reported a second-quarter report that missed expectations. Adjusted Capital One earnings per share were $3.14 and net income was $9.51 billion. Analysts expected earnings of $3.39 per share and revenue of $9.57 billion, according to FactSet. Meta Platforms — Social media shares fell about 3% after Meta announced the launch of a free version of its Llama artificial intelligence model. Seagate reported earnings of $1.89 billion, excluding earnings of $1.05 per share. Analysts polled by LSEG forecast profits of 75 cents on revenue of $1.87 billion. Enphase Energy — The solar stock rose more than 2% in premarket trading despite missing Wall Street expectations. Second-quarter results showed improved margin growth, and Enphase provided a stronger-than-expected third-quarter forecast, expecting revenue to be between $370 million and $410 million. Analysts polled by London Stock Exchange Group (LSEG) forecast sales of $404 million. —CNBC’s Alex Harring, Sarah Min and Jesse Pound contributed reporting
ABOUT US
Our news website delivers comprehensive coverage on US news, economy, politics, and world events, ensuring you stay informed on the latest developments. We provide timely and accurate news to keep you updated on the most important stories. Stay connected with us for in-depth analysis and breaking news from around the globe.
Contact us: contact@realtimeheadlines.com
© Real Times Headlines - 2024 | All Rights Reserved