Here’s a look at the companies making headlines before the close: Palantir Technologies — The data analytics company jumped 11% after raising its full-year revenue forecast. Palantir currently expects revenue in the range of $2.74 billion to $2.75 billion. That figure rose from $2.68 billion to $2.69 billion. Yum China — The Shanghai-based operator behind Pizza Hut and Taco Bell reported second-quarter profit that beat expectations, sending its shares soaring 8%. Adjusted earnings per share were 55 cents, higher than the 47 cents per share expected by analysts polled by LSEG. On the other hand, revenue of $2.68 billion missed the consensus estimate of $2.77 billion. Separately, the fast-food company announced the resignation of its financial chief. Uber Technologies — Shares of Uber Technologies rose 6% after the ride-hailing company reported better-than-expected second-quarter financial results. Earnings per share were 47 cents, higher than the 31 cents expected by analysts polled by LSEG. Revenue was $10.7 billion, above the consensus estimate of $10.57 billion. Caterpillar — The industrial giant’s shares rose 3.54% after better-than-expected quarterly results. The company earned $5.99 per share in the second quarter on revenue of $16.69 billion. Analysts expected earnings of $5.54 per share and revenue of $16.68 billion. CrowdStrike — The cybersecurity stock rose 3% after Piper Sandler upgraded the company to overweight from neutral, calling dips a buying opportunity. SEMICONDUCTORS – Chip stocks rose en masse a day after a sell-off in technology stocks. Nvidia gained 3%, Super Micro Computer and Broadcom gained 2%, and Intel gained nearly 2%. ZoomInfo Technologies — The customer acquisition platform company’s second-quarter earnings fell short of expectations, sending its shares tumbling 14%. ZoomInfo reported adjusted earnings of 17 cents per share on revenue of $292 million. Analysts polled by LSEG expected earnings of 23 cents per share on revenue of $308 million. The company also lowered its profit guidance and announced a replacement of its chief financial officer. Lucid Group — Lucid’s electric vehicle shares rose 11% after its second-quarter revenue beat expectations. The company reported revenue of $200.6 million, topping the LSEG consensus estimate of $192 million. Lucid also reiterated its previous guidance of approximately 9,000 vehicle production in 2024. CSX reported second-quarter earnings of 49 cents per share, above the 48 cents expected by analysts polled by LSEG. Revenue of $3.7 billion was in line with expectations. —CNBC’s Michelle Fox, Fred Ebert and Jesse Pond contributed reporting.
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