Travelers, Halliburton, IBM, PPG and more – .

Travelers, Halliburton, IBM, PPG and more – .

Find out which companies are making the headlines before the bell:
Travelers – The insurance company earned $ 3.45 per share for its second quarter, easily beating the consensus estimate of $ 2.39. Income also exceeded expectations, with travelers enjoying higher premiums, better returns on investments and reduced disaster losses.

Nasdaq – Nasdaq shares rose 1% in the pre-market after the exchange operator announced plans to turn its private market Nasdaq, its platform for shares of private companies, into a separate company . It will do so in partnership with a group of banks including Citigroup, Morgan Stanley and Goldman Sachs.

Halliburton – Halliburton jumped more than 2% in pre-market trading, after beating estimates of 3 cents with quarterly earnings of 26 cents a share. The oil services company posted its second consecutive quarterly profit as rebounding oil prices boosted demand.

IBM – IBM beat estimates by 4 cents with adjusted quarterly earnings of $ 2.33 per share, while earnings also beat estimates. IBM’s revenue increase of 3.4% from a year earlier was the strongest in 3 years, helped by IBM’s cloud and software activities. IBM jumped about 3.5% in pre-market action.

PPG Industries – PPG gained adjusted $ 1.94 per share for its most recent quarter, below the consensus estimate of $ 2.19, although the paints and coatings maker reported revenue slightly above Wall’s forecast Street. PPG also warned that inputs and other costs would increase in the current quarter. PPG fell about 6.5% in pre-market.

Johnson & Johnson, McKesson, Cardinal Health, AmerisourceBergen – U.S. states are expected to announce a $ 26 billion settlement this week with companies accused of fueling a nationwide opioid epidemic, according to multiple reports. The settlement would involve payments from drug maker J&J as well as the three drug distributors. McKesson jumped more than 5% in pre-market, with Cardinal Health adding 4.5%.

Comcast, ViacomCBS – Comcast CEO Brian Roberts and ViacomCBS President Shari Redstone have discussed in recent weeks a possible international streaming partnership, according to people familiar with the matter who spoke to the Wall Street Journal. ViacomCBS gained 1.3% in pre-market trading, with Comcast up 0.1%.

Zions Bancorp – Zions gained $ 2.08 a share for the second quarter, well above the consensus estimate of $ 1.29, with the bank’s earnings also beating Street’s forecast. Its results were boosted by a reversal of provisions for loan losses related to the pandemic, among other factors. The company said future credit losses will be significantly lower than expected.

JB Hunt Transport – JB Hunt Transport was up 4 cents from estimate with quarterly profit of $ 1.61 per share, while the logistics company’s revenue also exceeded estimates. The company saw strong demand for freight across all of its segments during the quarter.

Crown Holdings – Crown Holdings reported adjusted quarterly earnings of $ 2.15 per share, up from a consensus estimate of $ 1.78, as the consumer goods packaging maker also sees earnings above Wall’s expectations Street. Its performance was partly helped by strong demand in the beverage cans segment. Crown shares jumped nearly 4% in pre-market.


Please enter your comment!
Please enter your name here