See which firms are grabbing the attention of premarket traders.
CrowdStrike: Delta Airlines had hired lawyers to seek damages from both CrowdStrike and Microsoft after a software update caused widespread flight disruptions in July, the company’s shares fell 5%.
Woodward: The manufacturer of industrial and aerospace equipment saw a more than 11% decline in revenue during the third quarter of its fiscal year, which fell short of Wall Street forecasts. In contrast to the $853.3 million analysts surveyed by FactSet, Woodward reported $847.7 million in revenue for the quarter.
F5 Enterprises A top and bottom line beat in the software company’s fiscal third quarter resulted in a nearly 14% increase in shares. F5 reported adjusted earnings per share of $3.36, which was higher than the $2.97 per share LSEG projection. Revenue of $695 million exceeded expectations of $686 million.
Amkor Technologies — Amkor’s third-quarter outlook below Wall Street estimates, causing the semiconductor packaging business to decline by more than 6%. While analysts surveyed by FactSet had predicted 64 cents per share, Amkor forecasts earnings per share in the range of 42 cents to 56 cents in the fourth quarter.
Merck: Following the release of lower-than-expected earnings expectations for the entire year, the pharmaceutical giant’s shares saw a more than 1% decline. From $7.94 to $8.04 per share, the company estimates its full-year earnings. That fell short of a prior company projection and FactSet’s expectation of $8.16 per share.
Lattice Semiconductor: Due to lower-than-expected second-quarter results and current-quarter revenue guidance, shares fell 15.9%. Lattice reported second-quarter earnings of 23 cents per share (excluding adjustments) on $124 million in revenue, compared to analysts surveyed by LSEG’s expectations of 24 cents and $130 million, respectively.
Pfizer: Following a beat on second-quarter earnings and revenue, the drugmaker’s shares increased by 1.4%. Also, Pfizer upgraded its forecast for the entire year. For the fiscal year, it now projects sales of between $59.5 billion and $62.5 billion and adjusted earnings per share of between $2.45 and $2.65.
Varonis Systems: Varonis Systems’ stock shot up 10% following the company’s impressive second-quarter earnings and more optimistic-than-expected current-quarter guidance. FactSet surveyed analysts, and their projected loss of two cents per share was exceeded by adjusted earnings of five cents per share. The $130.3 million in revenue above the $124.8 million average projection.
Symbotic: The automation company’s stock dropped more than 19% following the release of subpar fiscal fourth-quarter guidance. While FactSet predicts $516.9 million in revenue for Symbiotic’s fiscal fourth quarter, the company is expecting between $455 million and $475 million.
Howmet Aerospace: The aerospace company surged 8% with the release of adjusted second-quarter results of 67 cents per share, which exceeded the FactSet-researched consensus estimate of 60 cents. Additionally, the company’s $1.88 billion in revenue surpassed the projected $1.83 billion.
Canning — The market fell 5.5% in shares. The business, which is renowned for creating the Gorilla Glass used in iPhones, announced second-quarter earnings per share of 47 cents, which was somewhat higher than the 46 cents predicted by LSEG’s panel of experts. However, the earnings guidance was roughly in line with analyst expectations.
Middleland, Archer, and Daniels After the producer of agricultural products posted adjusted second-quarter earnings of $1.03 per share, significantly less than the $1.22 consensus analyst expectation via LSEG, shares declined by 2%. Additionally falling short of projections was ADM’s revenue for the same time.
JetBlue — Following the airline’s announcement that adjusted earnings per share for the second quarter were 8 cents, shares increased by 4%. Analysts had anticipated a decline. During the period, revenue came in a little bit higher than anticipated.
PayPal: The payments company’s shares surged by 4% on the release of its second-quarter adjusted earnings per share of $1.19, which exceeded the analysts’ forecast of 99 cents per share, as compiled by FactSet. Additionally, PayPal upgraded its share buyback plan and improved its projection for 2024.
Procter & Gamble: The consumer goods behemoth’s shares plummeted 3% on the release of its second-quarter revenue report, which came up short of the $20.74 billion analysts polled by LSEG had predicted. LSEG reports that P&G’s adjusted earnings for the period of $1.40 per share above analysts’ expectations of $1.37 per share.
Leidos – The company’s shares surged over 7% as a result of second-quarter earnings that exceeded expectations. Leidos, the U.S. Pentagon’s IT services provider, made $2.63 per share, excluding adjustments, on $4.13 in revenue.
Zebra Technologies: Following the release of second-quarter results that above forecasts, the maker of computer printer and tracking technologies saw a 3% increase in shares. With some exclusions, Zebra’s $1.22 billion in revenue resulted in earnings per share of $3.18.
Source (CNBC)
