Finance

Stocks making the biggest moves premarket: Biogen, Vertiv, GE HealthCare, Generac & more

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Check out the companies making the biggest moves premarket: Biogen — Shares were up 0.7% after the biotechnology company beat Wall Street consensus estimates on revenue and earnings. The company also raised its full-year adjusted EPS guidance. Vertiv — The AI infrastructure name tumbled 13% on mixed results for the second quarter. While earnings and revenue beat analyst expectations, Vertiv’s revenue year-on-year organic growth of 17.8% was well below the FactSet consensus of 23.6%. Generac — The power generator builder jumped 5.5% on better-than-expected earnings for the second quarter. Generac earned $2.91 per share, excluding certain items, beating a FactSet forecast of $2.01. per share. The company also reiterated its revenue growth guidance for the year. Procter & Gamble — Shares dropped over 3% after the company’s quarterly revenue missed analyst expectations . Procter’s top line for the fiscal fourth quarter came in at $21.2 billion, just below an LSEG forecast of $21.38 billion. Net income also fell to $3.04 billion from $3.62 billion a year ago. GE HealthCare Technologies — Shares were up 12% after the healthcare solutions provider reported second-quarterly adjusted earnings per share of $1.13, beating a FactSet consensus of $1.04 per share. The company also reaffirmed its full-year earnings guidance for 2026. Deutsche Bank — The German banking giant rose more than 2% on the back of strong Q2 results. Deutsche Bank posted an after-tax profit of 1.9 billion euros, a record for the period. CFO Raja Akram told CNBC that all of the bank’s businesses performed well during the quarter. General Dynamics — Shares were up nearly 1% after the global aerospace and defense company beat Wall Street consensus estimates on revenue and earnings per share. The company’s backlog was at $136.5 billion. Ford Motor — Shares surged 6% after the automaker posted second-quarter adjusted earnings that beat expectations and hiked its 2026 earnings outlook. But the company’s automotive revenue came in slightly below the expectations of analysts polled by LSEG. CoStar — The real estate marketplace stock tumbled 15% after second-quarter revenue failed to meet the expectation of analysts surveyed by FactSet. CoStar also told investors to expect between $935 million and $945 million in current-quarter revenue, missing the consensus forecast of $967.5 million. Rocky Brands — The apparel manufacturer surged 16% after reporting second-quarter earnings per share, excluding items, that more than tripled from the same period a year ago. The Ohio-based company said several brands saw strong double-digit growth rates and that it was aided by tariff refunds. PPG Industries – The paint and glass manufacturer dropped around 1% after second-quarter earnings per share and adjusted EBITDA missed Wall Street analysts’ estimates. However, PPG reaffirmed its full-year guidance for earnings per share. KLA Corp – The manufacturer of wafer fab equipment slid 7% after the company issued disappointing guidance. KLA sees first-quarter adjusted earnings of $1.16 per share, plus or minus 10 cents, while the LSEG estimate called for $1.14 per share. Revenue is expected to be around $4 billion, plus or minus $200 million, compared to the Street’s estimate of $3.92 billion. Seagate Technology – Shares of the data storage company rose 6% after Seagate issued an outlook that trounced analysts’ expectations. Seagate sees first-quarter adjusted earnings of around $7.30 per share, while analysts were looking for $5.80 per share, per LSEG. Revenue is expected to be roughly $4.1 billion, versus the $3.75 billion estimate. Shares of Western Digita l rose 4% in sympathy. Manhattan Associates – The supply chain software provider climbed 11% after second-quarter earnings and revenue topped analyst estimates. Manhattan Associates also raised full-year profit and revenue forecasts. Visa – The payments technology stock lost 2% after Visa’s guidance for the 2026 fiscal year underwhelmed the Street. The company reaffirmed its earnings per share growth on an adjusted nominal dollar basis in the mid-teens, roughly in line with the FactSet consensus estimate of 14.7%. Earlier in the day, the company said it would slash about 2,600 jobs or roughly 7% of its headcount. Teradyne – The maker of semiconductor test equipment surged 9%. Second-quarter adjusted earnings and revenue, and third-quarter profit and sales forecasts, all topped Street estimates, FactSet data showed. NXP Semiconductors – The designer of semiconductor products lost 1.7%. Non-GAAP gross margin in the second quarter was in line with the Street’s forecast, coming in at 58%. NXP anticipates adjusted earnings in the third quarter will range from $3.89 to $4.32 per share, compared to the LSEG estimate of $3.98 a share. Skyworks Solutions — The semiconductor manufacturer slumped 9% after adjusted margin in the third quarter narrowly missed analysts’ expectations, coming in at 44.9% versus the 45.0% anticipated. Adjusted EPS for the fourth quarter is expected to be $1.27 per share, compared to the $1.28 per share LSEG consensus. —CNBC’s Fred Imbert, Alex Harring, Scott Schnipper and Darla Mercado contributed reporting.

This article was originally published by a Cnbc.com. Read the Original article here. .

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