Market Movers: Pre-Market Highlights

Here are some notable companies making significant pre-market moves:

• Biogen: Shares increased by 0.7% as the biotech firm exceeded revenue expectations and raised its full-year adjusted earnings outlook.
• Vertiv: Mixed second-quarter results led to a 13% decline. While revenue surpassed estimates, the organic growth rate of 17.8% fell short of the expected 23.6%.
• Generac: The generator manufacturer saw a 5.5% rise after second-quarter profits exceeded predictions. Earnings, not including specific items, reached $2.91 per share, surpassing the expected $2.01.
• Procter & Gamble: Shares dropped over 3% as quarterly revenue missed projections, coming in at $21.2 billion against an estimate of $21.38 billion. Net income also fell to $3.04 billion from $3.62 billion.
• GE Healthcare Technologies: Shares rose by 12% following adjusted earnings per share of $1.13, beating an estimate of $1.04.
• Deutsche Bank: The leading German bank’s shares increased by more than 2% due to strong second-quarter results, with a record after-tax profit of 1.9 billion euros.
• General Dynamics: The aerospace and defense firm saw nearly a 1% uptick after meeting revenue and earnings estimates, boasting an order backlog of $136.5 billion.
• Ford Motor: Shares rose 6% after reporting better-than-expected second-quarter adjusted earnings, although car sales slightly lagged analyst expectations.
• CoStar: Real estate stocks fell by 15% after second-quarter earnings did not meet forecasts. CoStar anticipates revenue of $935 million to $945 million for the current quarter, below the $967.5 million estimate.
• Rocky Brands: The apparel company jumped 16% after reporting earnings per share excluding items that tripled compared to last year, bolstered by strong brand performances.
• PPG Industries: Shares fell about 1% after the second-quarter earnings and adjusted EBITDA underperformed expectations, though the company maintained its full-year earnings forecast.
• KLA Corp: The semiconductor equipment maker’s shares dropped 7% due to disappointing guidance, expecting first-quarter adjusted earnings between $1.16, with revenue forecasts also not meeting street expectations.
• Seagate Technology: The data storage firm’s stock increased by 6% after issuing forecasts that exceeded analysts’ expectations, with anticipated first-quarter adjusted earnings around $7.30 per share.
• Manhattan Associates: Shares rose by 11% after second-quarter earnings and sales exceeded analyst estimates, prompting the company to enhance its full-year forecasts.
• Visa: Payment technology stocks dipped 2% after Visa’s fiscal 2026 guidance surprised the market. The company cut about 2,600 jobs, roughly 7% of its workforce.
• Teradyne: The semiconductor test equipment maker saw its shares rise 9%, with adjusted earnings and sales for the second quarter exceeding expectations.
• NXP Semiconductors: Shares fell 1.7% despite a non-GAAP gross margin of 58%. The company’s third-quarter adjusted earnings are projected to be in a range that aligns closely with forecasts.
• Skyworks Solutions: The semiconductor maker’s shares fell 9% due to a slight miss in its adjusted profit margin, which was 44.9% against the expected 45.0%.