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(AXP) fell 3.5% in premarket trading after the credit-card giant reported second-quarter earnings of $2.89 a share, on revenue of $15.1 billion—a record quarter on both metrics. Profit beat analysts’ expectations but revenue was below estimates of $15.4 billion.
Railroad operator
(
) reported second-quarter revenue of $3.69 billion, down 3% from a year earlier and below Wall Street forecasts. The company cited lower fuel and coal prices among the reasons for the shortfall. The stock fell 4.5%.
(ISRG) fell 4.2% in premarket trading after the maker of robotic surgical systems posted second-quarter adjusted earnings that missed analysts’ estimates.
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Tesla (ticker: TSLA) was rising 0.9% in premarket trading after slumping 9.7% on Thursday following the electric-vehicle maker’s second-quarter earnings report that revealed a continued decline in profit margins on steep price cuts.
(KNX), the largest North American truckload carrier, reported a 21% decline in second-quarter revenue on weaker demand for its truckload businesses. Knight-Swift shares declined 2.7% in premarket trading.
(HOG) rose 3% in premarket trading after shares of the motorcycle maker were upgraded to Buy from Neutral at DA Davidson.
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(PPG), the paint and coatings maker, raised its full-year guidance but warned of “continued tepid global industrial production,” and some “incremental slowing in U.S. architectural residential repaint due to significantly lower existing home sales.” The stock slid 2.2%.
(
), the oil-field services company formerly known as Schlumberger, posted better-than-expected earnings but missed consensus on revenue for its second quarter. The stock fell 1.7%.
(AN) gained 0.8% after the used-car retailer posted second-quarter earnings that beat Wall Street’s expectations.
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(CVNA) was falling 0.3% in premarket trading. Late Thursday, the stock was downgraded to Neutral from Overweight by analysts at Piper Sandler. That followed a downgrade to Underperform from Sector Perform by RBC Capital Markets. Shares of the used-car retailer slumped 16% on Thursday.
Write to Joe Woelfel at joseph.woelfel@barrons.com
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