A look at companies to watch before the market opens: DuPont — Shares rose 5% after better-than-expected second-quarter results. The chemical maker earned 97 cents a share, excluding some items, on revenue of $3.17 billion. LSEG said analysts had expected earnings of 85 cents a share and revenue of $3.05 billion. DuPont also raised its full-year profit and revenue outlook. Intel — Shares rose more than 2% after a Bloomberg report said the chipmaker plans to announce thousands of job cuts as early as this week. Microsoft — Shares fell 3% after the Xbox maker reported disappointing cloud-computing results. The company reported better-than-expected profits and revenue, but sales of Azure and other cloud services rose 29%, missing expectations of 31%. Advanced Micro Devices — Shares rose nearly 9% after the chipmaker’s profits and revenue beat analysts’ expectations after the market closed on Tuesday. AMD reported adjusted earnings of 69 cents a share, beating the 68 cents expected by analysts surveyed by LSEG. Revenue of $5.84 billion beat the consensus estimate of $5.72 billion. Shares of Nvidia and ASML Holding also rose about 7% each following AMD’s report. Arista Networks — The computer networking company rose 5% after beating Wall Street expectations on both sales and profits. Arista reported second-quarter adjusted earnings of $2.10 a share and $1.69 billion in revenue, beating the $1.95 a share and $1.65 billion in revenue expected by analysts surveyed by LSEG. Pinterest — The social media stock fell 11% after its forward guidance fell short of expectations. But second-quarter profits and sales beat expectations, LSEG said. Starbucks — The coffee chain rose 4% after maintaining its full-year outlook. However, net sales fell in the third quarter, totaling $9.11 billion, below analysts’ expectations of $9.24 billion, according to LSEG research. Starbucks reported adjusted earnings per share of 93 cents, in line with the Street consensus. Skyworks Solutions — The semiconductor stock fell 1% after its third-quarter adjusted earnings per share of $1.21 missed expectations. But revenue of $906 million beat the FactSet consensus of $900.4 million. Upstart — The lending platform rose 6% after receiving a second upgrade from underperform to outperform by Mizuho Securities. Analyst Dan Dolev said improving borrower risk profiles and lower interest rates are catalysts going forward and thinks the stock could rise 19% from Tuesday’s close. Boeing — Shares rose 2% after the maker of the 737 MAX announced a new CEO.Boeing announced that former Collins Aerospace CEO Kelly Ortberg will succeed Dave Calhoun. But Boeing’s loss per share for the second quarter was $2.90, bigger than the analyst consensus estimate of a loss of $1.97 per share, according to LSEG. Live Nation Entertainment — The entertainment stock was little changed after reporting second-quarter earnings in line with expectations. Earnings per share of $1.03 were below the $1.07 expected by analysts surveyed by LSEG. AutoNation — The car dealership was little changed after reporting second-quarter revenue of $6.48 billion, below the $6.72 billion expected by analysts surveyed by LSEG, but profits are probably not comparable due to a recent cyber incident in its dealer management system. Humana — The health insurer slumped more than 7% as better-than-expected second-quarter results were overshadowed by lackluster profit guidance. Humana reiterated its full-year bottom line earnings guidance of about $16 per share, but analysts surveyed by Street Accounts were expecting $16.34 per share. Second-quarter profit, excluding overhead, was $6.96 per share on revenue of $29.38 billion, beating analysts’ expectations. Kraft Heinz — Shares rose less than 1% after the ketchup and macaroni-and-cheese maker said second-quarter profit beat Street expectations, but revenue of $6.48 billion fell short of the $6.55 billion analysts had expected, according to FactSet. Marriott International — The hotel chain fell 4% after reporting second-quarter revenue of $6.44 billion, below the $6.47 billion expected by analysts surveyed by FactSet. Marriott’s adjusted earnings per share were $2.50, beating analysts’ expectations of $2.47. T-Mobile — Shares rose 3.2% in pre-market trading after the mobile network operator beat expectations on second-quarter sales and profits. T-Mobile posted earnings of $2.49 per share on revenue of $19.77 billion, while analysts surveyed by LSEG had expected $228 million and $19.55 billion, respectively. The company also raised its full-year customer growth forecast. Match Group — Shares jumped 9% after the market closed on Tuesday after the owner of dating app Tinder reported second-quarter revenue of $864 million, beating analysts’ expectations of $856.5 million, according to FactSet. Match said it plans to discontinue its live-streaming service on its dating app and shut down its hyper-connected Hakuna app.Vistra — Texas-based utility Vistra’s shares surged 13% after the Nuclear Regulatory Commission extended the operating license for its Comanche Peak nuclear plant for 20 years. The extension allows Vistra to operate the plant until 2053. Constellation Energy — Shares rose nearly 12% after mid-Atlantic transmission company PJM acquired 17.6 gigawatts of generating capacity from Constellation for 2025-2026. Constellation operates the largest nuclear plant in the U.S., and its shares have risen 44% this year on rising demand for electricity from artificial intelligence providers and data centers. Bunge — Shares fell 6.5% after the food company’s second-quarter net income fell 88% to $70 million from $622 million in the same period last year. CEO Greg Heckman said, “Current market conditions are improving in some areas, but our outlook for the second half of the year remains limited.” —CNBC’s Brian Evans, Michelle Fox, Fred Imbert, Spencer Kimball, Tanaya Macheel, Jesse Pound and Samantha Sabin contributed reporting.
Biggest movers in premarket trading: PINS, MTCH, AMD
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