Check out the companies making the biggest premarket moves: Biogen — Shares rose 0.7% after the biotech company beat Wall Street consensus estimates for sales and profits. The company also raised its full-year adjusted EPS outlook. Vertiv — Second quarter results were mixed, with the AI infrastructure name down 13%. Although revenue and revenue beat analysts’ expectations, Vertiv’s year-over-year organic growth rate of 17.8% was well below the FactSet consensus of 23.6%. Generac — The generator maker soared 5.5% after its second-quarter profit beat expectations. Generac’s earnings, excluding certain items, were $2.91 per share, beating FactSet estimates of $2.01. per share. The company also reiterated its revenue growth outlook for this year. Procter & Gamble — Shares fell more than 3% after the company’s quarterly revenue fell short of analysts’ expectations. Proctor’s fiscal fourth-quarter revenue came in at $21.2 billion, slightly below LSEG’s estimate of $21.38 billion. Net income also decreased to $3.04 billion from $3.62 billion in the same period last year. GE Healthcare Technologies — Shares rose 12% after the healthcare solutions provider reported second-quarter adjusted earnings per share of $1.13, beating the FactSet consensus of $1.04 per share. The company also reaffirmed its full-year earnings outlook for 2026. Deutsche Bank — Germany’s leading bank rose more than 2% on strong second-quarter results. Deutsche Bank posted a profit after tax of 1.9 billion euros, the highest ever for the same period. CFO Raja Akram told CNBC that all of the bank’s businesses were strong in the quarter. General Dynamics — Shares rose nearly 1% after the global aerospace and defense company beat Wall Street consensus estimates for revenue and earnings per share. The company’s order backlog was $136.5 billion. Ford Motor — Shares rose 6% after the company reported better-than-expected second-quarter adjusted earnings and raised its 2026 profit outlook. However, the company’s car sales were slightly below the expectations of analysts surveyed by LSEG. CoStar — Real estate market stocks fell 15% after second-quarter earnings fell short of analysts’ expectations as tracked by FactSet. Koster also told investors that he expects revenue for the quarter to be between $935 million and $945 million, below the consensus estimate of $967.5 million. Rocky Brands — The apparel maker soared 16% after announcing second-quarter earnings per share excluding items more than tripled from the same period last year. The Ohio-based company said several brands had strong double-digit growth rates, supported by tariff rebates. PPG Industries – The paint and glass maker fell about 1% after second-quarter earnings per share and adjusted EBITDA fell short of Wall Street analysts’ expectations. However, PPG reaffirmed its full-year earnings per share outlook. KLA Corp – The wafer fabrication equipment maker fell 7% after the company issued disappointing guidance. KLA expects first-quarter adjusted earnings of $1.16 per share, plus or minus 10 cents, compared to LSEG’s estimate of $1.14 per share. Revenue is expected to be about $4 billion plus or minus $200 million, compared to the Street’s forecast of $3.92 billion. Seagate Technology – The data storage company’s stock rose 6% after Seagate announced forecasts that beat analysts’ expectations. Seagate expects first-quarter adjusted earnings to be around $7.30 per share, compared with analysts’ expectations of $5.80 per share, according to LSEG. Sales are expected to be about $4.1 billion, compared to the expected $3.75 billion. In line with this, Western Digital’s stock price rose 4%. Manhattan Associates – The supply chain software provider rose 11% after second-quarter earnings and sales beat analyst estimates. Manhattan Associates also raised its full-year profit and sales forecasts. Visa – Payment technology stocks fell 2% after Visa’s fiscal year 2026 guidance overwhelmed the market. The company reaffirmed its mid-teens earnings per share growth rate in adjusted nominal dollars, roughly in line with the FactSet consensus estimate of 14.7%. On the same day, the company announced that it would cut approximately 2,600 jobs, or approximately 7% of its workforce. Teradyne – The semiconductor test equipment maker soared 9%. Adjusted earnings and sales for the second quarter and earnings and sales estimates for the third quarter both exceeded street expectations, according to FactSet data. NXP Semiconductors – Semiconductor product designer fell 1.7%. Non-GAAP gross margin for the quarter was 58%, in line with Street expectations. NXP expects third-quarter adjusted earnings to be in the range of $3.89 to $4.32 per share, compared to LSEG’s forecast of $3.98 per share. Skyworks Solutions — The semiconductor maker fell 9% as its third-quarter adjusted profit margin was slightly below analysts’ expectations, coming in at 44.9% versus 45.0% expected. Fourth-quarter adjusted EPS is expected to be $1.27 per share, compared to the LSEG consensus of $1.28 per share. —CNBC’s Fred Imbert, Alex Harring, Scott Schnipper and Darla Mercado contributed reporting.
