Check out the companies making headlines in premarket trading. CrowdStrike — Shares slipped 5% after CNBC reported that stated Delta Airlines has retained legal counsel to pursue damages from both CrowdStrike and Microsoft following after a software update led to mass flight interruptions in July. Woodward — The aerospace and industrial equipment company slipped more than 11% after fiscal third-quarter revenue missed Wall Street estimates. Woodward posted revenue in the quarter of $847.7 million while analysts polled by FactSet forecast $853.3 million. F5 Inc .— Shares surged nearly 14% after the software company reported a top and bottom line beat in the fiscal third quarter. F5 posted adjusted earnings of $3.36 per share, compared to an LSEG estimate of $2.97 per share. Revenue of $695 million was also higher than the $686 million expected. Amkor Technology — The semiconductor packaging company edged more than 6% lower after Amkor’s third-quarter outlook missed Wall Street estimates. Amkor expects earnings per share in the range of 42 cents to 56 cents in the fourth quarter, while analysts surveyed by FactSet had forecast 64 cents per share. Merck — Shares were down more than 1% after the pharma giant issued weaker-than-expected earnings guidance for the full year. The company sees its full-year bottom line in a range of $7.94 per share to $8.04 per share. That missed a FactSet estimate of $8.16 per share and was below a previous company forecast. Lattice Semiconductor — Shares dove 15.9% after after second-quart earnings and current-quarter revenue guidance came in below expectations. Lattice earned 23 cents per share, excluding items, on $124 million in revenue during the second quarter, while analysts polled by LSEG anticipated 24 cents and $130 million, respectively. Bank of America downgraded shares to underperform from neutral, citing cooling prospects for growth and little visibility. Pfizer — Shares gained 1.4% after the drugmaker posted a second-quarter earnings and revenue beat . Pfizer also raised its full-year outlook. It now expects adjusted earnings per share of $2.45 to $2.65 for the fiscal year and revenue between $59.5 billion to $62.5 billion. Varonis Systems — Shares of the data security company surged 10% after Varonis Systems posted second-quarter results that exceeded expectations and issued stronger-than-expected current quarter guidance. Adjusted earnings of 5 cents per share topped the loss of 2 cents per share forecasted by analysts polled by FactSet. Revenue of $130.3 million came in above the $124.8 million consensus estimate. Symbotic — Shares of the automation company fell more than 19% after weak guidance for the fiscal fourth quarter. Symbiotic said it expects revenue between $455 million to $475 million in its fiscal fourth quarter, compared to a FactSet consensus of $516.9 million. The company also reported $491.9 million in revenue for its fiscal third quarter, which was above Wall Street a forecast of $464.6 million. Howmet Aerospace — The aerospace manufacturer climbed 8% after posting second-quarter adjusted earnings of 67 cents per share, higher than the 60 cents analysts polled by FactSet had expected. The firm’s revenue of $1.88 billion also exceeded the estimated $1.83 billion. Additionally, Howmet increased its quarterly dividend to 8 cents per share from 5 cents per share, to be payable Aug. 26. Corning — Shares dropped 5.5%. The company, known for developing the Gorilla Glass used for iPhones, reported second quarter earnings per share of 47 cents, slightly above the 46 cents expected from analysts polled by LSEG. Earnings guidance, however, was about in line with analyst expectations. Archer-Daniels-Midland — Shares fell 2% after the agricultural products maker reported adjusted second-quarter earnings of $1.03 a share, far below the $1.22 consensus analyst estimate via LSEG. ADM’s revenue for the period also missed expectations. JetBlue — Shares jumped 4% after the airline said adjusted earnings per share was 8 cents for the second quarter. Analysts had expected a loss. Revenue was slightly better than expected in the period. PayPal — Shares jumped by 4% after the payments company said second-quarter adjusted earnings per share was $1.19, far ahead of the 99 cents per share expected by analysts polled by FactSet. PayPal also raised its 2024 outlook and upped its share buyback plan. Procter & Gamble — Shares fell 3% after the consumer products giant reported second-quarter revenue of $20.53 billion, below the $20.74 billion expected by analysts surveyed by LSEG. P & G’s adjusted earnings of $1.40 a share for the period were higher than the $1.37 a share expected by analysts, according to LSEG. Leidos — The stock popped more than 7% on the back of better-than-expected second-quarter results. Leidos, which provides IT services for the U.S. Pentagon, earned $2.63 per share, excluding items, on revenue of $4.13 billion. Analysts polled by StreetAccount expected a profit of $2.27 per share on revenue of $4.06 billion. The company also raised its full-year earnings guidance. Zebra Technologies — Shares of the tracker and computer printing technology manufacturer gained 3% after the company reported second-quarter results that beat expectations. Zebra earned $3.18 per share, excluding certain items, on revenue of $1.22 billion. Analysts expected a profit of $2.80 per share on revenue of $1.18 billion, according to StreetAccount. The company also increased its full-year earnings guidance. — CNBC’s Michelle Fox, Hakyung Kim, Lisa Kailai Han, Alex Harring, Jesse Pound, Fred Imbert and John Melloy contributed reporting
https://www.cnbc.com/2024/07/30/stocks-making-the-biggest-moves-premarket-crwd-mrk-pypl-jblu.html
