Stocks making the biggest moves premarket: INTC, ORCL, AXP
Check out the companies making the biggest moves premarket: Intel — The chipmaker rallied 4% after it reported its sharpest quarterly revenue growth in nearly 15 years . The company’s top line clocked in at $16.1 billion for Q2, 25% above the year-earlier period. Adjusted earnings per share of 42 cents per share also beat analyst expectations. Deckers Outdoor – The shoe manufacturer slid 3%. First-quarter revenue of $1.02 billion came in line with the LSEG consensus estimates. Revenue from Deckers’ Hoka and Ugg brands fell short of the Street’s expectations. Oracle — Shares rose nearly 3% after the company signed a 10-year software agreement with the pentagon. The deal is worth almost $7 billion, and covers the use of Oracle’s software in on-premises software for some branches of the U.S. military. Robert Half — Shares fell almost 7% after the staffing and exec search company reported underwhelming results for the second quarter. Robert Half earned 26 cents per share, matching a FactSet forecast. Revenue of $1.34 billion was just above the $1.32 billion consensus. Amkor Technology — The semiconductor packaging company popped more than 11% after the company said it entered a multiyear $1.5 billion agreement with Nvidia . The agreement will look to develop advanced semiconductor packaging and testing technologies for artificial intelligence. MaxLinear — Shares tumbled more than 9% despite the company reporting better-than-expected results in its second-quarter earnings report, and delivering current quarter guidance above estimates. The stock was up more than 400% in 2026 heading into the company’s earnings report. Boston Beer – The maker of Twisted Tea added 1%. Second quarter revenue of $568.3 million narrowly beat the FactSet consensus call of $566.7 million. Boston Beer also reaffirmed its full-year earnings guidance of $8.50 to $10.50 per share, versus the consensus estimate of $9.38. Tenet Healthcare — The healthcare services company rose more than 16% after it reported adjusted earnings of $6.12 per share in its second-quarter financial report. Analysts polled by FactSet were expecting earnings of $4.26 per share. Revenue also beat expectations, and full-year guidance also came in above estimates. American Express — Shares dipped 3% after the credit card issuer reported a revenue miss in the second quarter. American Express delivered $19.64 billion in revenue, but analysts polled by LSEG expected revenue of $19.71 billion. Earnings for the quarter, however, came in above expectations. SAP — The German software company rose 5% after reporting its cloud backlog grew by 27% year over year to 22.9 billion euros in the second quarter. Revenue of 9.88 billion euros was also just above an LSEG forecast of 9.86 billion euros. SLB — The technology company rose 2% after it delivered an earnings and revenue beat in the second quarter. SLB said that the quarter marked a return to year-over-year revenue growth as customers focused more on energy security and expanding production capacity. Charter Communications — Shares fell more than 4% after the company’s adjusted EBITDA for the second quarter came in below estimates. Free cash flow also missed expectations, while the company reaffirmed its capital expenditures outlook through fiscal 2029. Verizon Communications — The telecommunications company rose 1% after a mixed earnings report. Verizon reported an earnings beat but a revenue miss in the second quarter, though full-year guidance came in above expectations. — CNBC’s Fred Imbert and Darla Mercado contributed reporting.
Post Comment