Before the bell rings, know about the companies that make headlines:
AT&T (T) — AT&T fell 1.8% in the premarket, as it lowered its full-year free cash flow guidance, despite beating estimates on both the top and bottom lines for the second quarter. AT&T also reported a jump in quarterly wireless subscriber additions and raised its full-year forecast for wireless revenue growth.
Dr. Horton (DHI) — The home builder reported better-than-expected earnings for its latest quarter, but revenue fell short of analyst forecasts. The company cut its full-year sales guidance to cushion demand. Shares fell 1.4% in premarket trading.
passenger (TRV) — Passengers grew 4.3% in premarket action after reporting better-than-expected profit and revenue for the second quarter. The upbeat performance came despite higher catastrophic losses and declining investment earnings.
American Airlines (AAL) — US premarket fell 1.4% after quarterly earnings estimates matched and revenue was essentially in line with forecasts. The profit was the airline’s first since the start of the pandemic and the carrier expects the current quarter to be profitable as well.
charity (DHR) — The medical and industrial products and services company’s second-quarter profit and revenue were better than expected, with higher sales helping to offset the increase in expenses. Danaher jumped 3.5% in premarket trading.
Tesla (TSLA) — Tesla gained 2.7% in premarket trading after reporting better-than-expected earnings for the second quarter. Tesla’s revenue came in below forecasts and saw profit margins shrink due to higher costs and supply chain disruptions.
CARNIVAL (CCL) — Carnival took a 12.1% hit in the premarket after announcing a $1 billion common stock offering. The cruise line operator plans to use the proceeds for general corporate purposes.
United Airlines (UAL) — United Airlines missed top- and bottom-line estimates for the second quarter and the carrier warned of the impact of higher jet fuel prices and a potential economic slowdown. United slipped 6.8% in premarket action.
alcoa (AA) — Alcoa rose 3.9% in premarket trading after Alcoa expected better second-quarter profits due to faster-than-sales costs. Alcoa also announced a $500 million share repurchase program.
csx (CSX) – CSX rose 3% in premarket trading after beating top and bottom estimates for the second quarter. The demand for a rail operator is skyrocketing but it is finding it difficult to get hired due to the tight labor market.