Check out the companies making headlines before the market opens. American Airlines — Shares fell 6% after the airline issued weak third-quarter profit guidance. American Airlines expects unit revenue to fall 4.5% as the industry grapples with oversupply leading to low fares. Honeywell — The industrial giant’s shares fell nearly 5% after the industrial giant issued guidance that missed analysts’ expectations, overshadowing better-than-expected quarterly data. The company expects third-quarter earnings per share to be in a range of $2.45 to $2.55. That’s below StreetAccount’s forecast of $2.58 per share. Southwest Airlines — Shares of the discount airline fell 5% despite reporting a better-than-expected second-quarter report. Southwest Airlines reported adjusted earnings of 58 cents per share on revenue of $7.35 billion. Analysts surveyed by LSEG expected revenue of $7.32 billion and earnings of 51 cents per share. The company warned that revenue per average seat mile could fall this quarter from a year earlier, while non-fuel costs could soar as much as 13%. RTX – Shares of RTX rose 3% after the aerospace and defense maker beat second-quarter earnings estimates. RTX reported earnings of $1.41 per share, while analysts expected $1.30 per share, according to LSEG. The company also reported revenue of $19.79 billion, also beating expectations. Hasbro – Shares of Hasbro soared more than 6% after the toy maker raised its full-year guidance. Second-quarter profit and revenue also topped expectations. Hasbro reported excluding earnings of $1.22 per share, compared with the consensus forecast of 78 cents per share, according to LSEG. Revenue of $995 million also beat analysts’ expectations of $944 million. AbbVie — Shares of the biopharmaceutical company fell nearly 3% despite reporting better-than-expected second-quarter results. AbbVie earned $2.65 per share (excluding taxes), beating estimates of $2.57 per share, according to LSEG. Revenue was $14.46 billion, above expectations of $14.03 billion. Dow Chemical Co. — Shares of the chemicals company fell nearly 5% after second-quarter revenue and profit fell short of expectations. Dow Chemical reported earnings of 68 cents per share on revenue of $10.92 billion. Analysts surveyed by LSEG had expected earnings of 72 cents per share on revenue of $11.01 billion. International Business Machines — The technology company’s quarterly results beat estimates, sending shares up 3%. The company reported second-quarter adjusted earnings of $2.43 per share on revenue of $15.77 billion. Analysts polled by London Stock Exchange Group (LSEG) expected earnings of $2.20 per share on revenue of $15.62 billion. IBM expects full-year free cash flow to be slightly higher than in April and said it is seeing more business related to generating artificial intelligence. Northrop Grumman — Shares of Northrop Grumman rose 3% after the defense company reported second-quarter revenue and net income that beat expectations and raised its forecast. Northrop Grumman reported earnings of $6.46 per share on revenue of $10.22 billion. Analysts polled by London Stock Exchange Group (LSEG) expected earnings of $5.93 per share on revenue of $10.02 billion. Keurig Dr Pepper — Shares of Keurig Dr Pepper rose nearly 5% after the beverage company reported quarterly results that were in line with expectations and reiterated its full-year forecast. Keurig Dr Pepper earned 45 cents per share, adjusting for items on $3.92 billion in revenue. Nasdaq — Shares of the financial services company rose 2% after the financial services company reported second-quarter results that were slightly above analysts’ expectations. Excluding special items, Nasdaq earned 69 cents per share on revenue of $1.16 billion. Analysts had forecast earnings of 64 cents per share on revenue of $1.13 billion. KLA Corporation — Shares of KLA Corporation rose more than 2% after the chipmaker reported better-than-expected fiscal fourth-quarter results. KLA reported adjusted earnings of $6.60 per share, beating analysts’ expectations of $6.15 per share, according to LSEG. Revenue of $2.57 billion beat expectations of $2.52 billion. The company raised its first-quarter adjusted profit and revenue forecast. ServiceNow — Shares of ServiceNow rose 6% in pre-market trading after reporting stronger-than-expected earnings as demand for workflow automation grows. According to LSEG, ServiceNow also raised its full-year forecast and now expects full-year subscription revenue to be between US$10.575 billion and US$10.585 billion, higher than analysts’ expectations of US$10.565 billion. Separately, the company said Chief of Operations CJ Desai would resign amid an investigation into the hiring of a former U.S. Army official. Molina Healthcare — The managed care company gained 10%. Molina reiterated its full-year adjusted earnings guidance of at least $23.50 per share, compared with the consensus estimate of $23.09 per share, according to FactSet. Second-quarter results also beat revenue and profit expectations. Align Technology — Shares of Align Technology — the maker of Invisalign clear aligners — fell nearly 6% after the company issued disappointing guidance and quarterly revenue that fell short of analysts’ expectations. Adjusted earnings per share in the second quarter were $2.41, while analysts polled by LSEG forecast earnings of $2.30 per share. Revenue for the period was $1.03 billion, slightly below the consensus estimate of $1.04 billion. The company said it expects its clear aligner sales and systems and services revenue to decline due to seasonal factors in the third quarter. Edwards Lifesciences — Shares fell more than 23%, missing guidance. Second-quarter adjusted earnings were just a penny above Wall Street expectations of 70 cents a share, according to LSEG. The company forecast third-quarter revenue between $1.56 billion and $1.64 billion, while analysts expected $1.62 billion. Chipotle — Shares of the fast-casual chain rose nearly 2%. Chipotle’s profit and revenue topped expectations as restaurant traffic increased. Profits also increased compared with the same period last year as rising prices offset some costs. For the quarter, Chipotle reported adjusted earnings of 34 cents per share on revenue of $2.97 billion, while analysts polled by LSEG expected earnings of 32 cents per share on revenue of $2.94 billion. Ford Motor Co. — The automaker’s shares plunged 13% after second-quarter profit fell short of analysts’ expectations due to long-term warranty issues. Ford reported adjusted earnings of 47 cents per share, well below the LSEG consensus forecast of 68 cents. Automotive revenue was $44.81 billion, slightly above expectations of $44.02 billion. Viking Therapeutics — Shares of Viking Therapeutics rose more than 14% after the drug developer revealed it would move its experimental obesity treatment VK2735 into Phase 3 clinical trials. After 13 weeks of treatment, the drug resulted in a 15% weight loss. The company said an oral version of the drug will begin Phase 2 trials in the fourth quarter. —CNBC’s Li Yun, Jesse Pond, Christina Cheddar Burke and Fred Ebert contributed reporting.
