Check out the companies making headlines before the bell:
Boeing (BA) – Boeing added 1% in the premarket despite reporting a surprise quarterly loss and revenue that fell short of Street forecasts. The jet maker maintained its annual cash flow forecast despite difficulties ramping up commercial jet production.
Hilton worldwide (HLT) – Hilton added 2% in the premarket after reporting better-than-expected quarterly profit and raising its full-year outlook. The hotel operator continues to benefit from strong travel demand.
Harley-Davidson (HOG) – Stronger shipments and strong pricing helped the iconic motorcycle maker beat estimates for the quarter. Harley shares rose 2.5% in premarket trading.
Waste management (WM) – Shares of Waste Management jumped 3% in premarket action after reporting better-than-expected quarterly earnings. The company said it benefited from continued strength in its waste collection business and successful cost controls.
Kraft Heinz (KHC) – Shares of the food maker rose 3.2% after its quarterly results showed it beat top and bottom line estimates as it successfully raised prices. This helped offset the decline in demand.
Alphabet (GOOGL) – Alphabet fell 6% in the premarket after reporting lower-than-expected quarterly profit and revenue. At Google’s Alphabet unit, sales slowed for the fifth straight quarter, and ad revenue on YouTube fell for the first time since the company began reporting the unit’s results.
Microsoft (MSFT) – Microsoft took a 6.5% pre-market hit after its quarterly results, despite hits to the top and bottom lines. Microsoft expects a significant decline in PC sales, which in turn will continue to hit sales of its Windows operating system. The company also predicts the impact of the strengthening of the US dollar.
Visa (V) – Visa reported better-than-expected third-quarter earnings and revenue as payment volumes jumped. Visa shares rose 1.8% in the premarket.
Spotify (SPOT) – Spotify shares fell 6.2% in premarket trading after the streaming service posted a bigger-than-expected loss. Spotify’s revenue slightly beat analysts’ forecasts, and monthly active users beat estimates.
Mobileye (MBLY) – Mobileye priced its initial public offering at $21 per share, above the expected range of $18 to $20. Chipmaker Intel ( INTC ), which bought the driverless car systems maker in 2017 for $15.3 billion, will retain voting control.
Mattel (MAT) – Mattel fell 5.5% in premarket trading after the toymaker cut its full-year profit forecast. It plans to increase promotions during the holiday season to offset consumer reluctance caused by inflation. Mattel reported higher-than-expected earnings for its latest quarter, with revenue slightly shy of analysts’ forecasts.
