Check out the companies making headlines in pre-market trading. Shares of Alphabet, the parent company of Google, fell nearly 4% before the open. Alphabet’s YouTube unit reported lower-than-expected advertising revenue in the second quarter and beat analysts’ forecasts for revenue and profit. Tesla — Shares of Tesla fell about 9% after the electric car company reported weaker-than-expected second-quarter profit. Tesla’s revenue was $25.5 billion, higher than Wall Street’s forecast of $24.77 billion. Texas Instruments — Shares of Texas Instruments rose about 2% on better-than-expected second-quarter profit. Texas Instruments reported earnings of $1.22 per share, while analysts polled by LSEG expected earnings of $1.17 per share. Madison Square Garden Entertainment — Shares of the live entertainment company rose 3.3% after Goldman Sachs upgraded the company to “buy” from “neutral.” Goldman Sachs said the stock is purely a venue business, giving investors a good entry point after the stock’s recent poor performance. Visa — Shares of the credit card company fell more than 3% after fiscal third-quarter revenue fell short of expectations. Visa’s revenue of $8.9 billion was slightly lower than the $8.92 billion estimated by analysts polled by LSEG. AT&T — Shares of the telecommunications giant rose nearly 3% after the company reported a monthly billing increase of 419,000 wireless phone subscribers, well above the consensus forecast among analysts polled by FactSet. AT&T’s quarterly earnings per share were in line with expectations of analysts polled by London Stock Exchange Group (LSEG), while revenue missed Wall Street expectations. Capital One — The financial stock fell about 1% after the company reported a second-quarter report that missed expectations. Adjusted Capital One earnings per share were $3.14 and net income was $9.51 billion. Analysts expected earnings of $3.39 per share and revenue of $9.57 billion, according to FactSet. Meta Platforms — Social media shares fell about 3% after Meta announced the launch of a free version of its Llama artificial intelligence model. Seagate reported earnings of $1.89 billion, excluding earnings of $1.05 per share. Analysts polled by LSEG forecast profits of 75 cents on revenue of $1.87 billion. Enphase Energy — The solar stock rose more than 2% in premarket trading despite missing Wall Street expectations. Second-quarter results showed improved margin growth, and Enphase provided a stronger-than-expected third-quarter forecast, expecting revenue to be between $370 million and $410 million. Analysts polled by London Stock Exchange Group (LSEG) forecast sales of $404 million. —CNBC’s Alex Harring, Sarah Min and Jesse Pound contributed reporting
