Check out the companies that make headlines before the bell. Chart Industry – The gas equipment manufacturer’s shares surged 16% after agreeing to be acquired by Baker Hughes for $13.6 billion. Chart Industries previously had merger talks with Power Equipment Supplier Flowserve, which lasted an 8% increase. Baker Hughes shares fell 3%. The news of the contract is as the chart reported better second quarter revenue than expected, excluding items. Sarepta Therapeutics – Biopharmaceutical inventory rose 38% after the Food and Drug Administration announced it had recommended that voluntary holds be removed for use with outpatient patients. On Tuesday, Oppenheimer upgraded the stock from performance to outperform ratings, while JPMorgan upgraded the stock from underweight to neutral. Cadence Design Systems – Shares rose 8% after the computer software company posted second-quarter adjusted earnings of $1.65 per share. Analysts voted by LSEG had expected profits of $1.55 per share and revenues of $1.25 billion. The company also raised its full-year revenue and revenue guidance. NUCOR – Steel producers fell 4% after posting revenue and revenue adjusted for the second quarter that missed analysts’ expectations. Nucor also expects third quarter revenue to be “nominally” than second quarter revenue. Amkor Technology – The stock went to 11% after Semiconductor Package reported 22 cents revenues at $151 billion per share. Analysts surveyed by FactSet were penciling in earnings of 16 cents per share and $1.42 billion in revenue. Stellantis – U.S. List shares fell 3% after the automaker reported a net loss of 2.3 billion euros, or $2.65 billion. During the same period in 2024, net profit of 5.6 billion was reported. The company has also restored its financial guidance. UnitedHealth Group – Health insurance companies cut 2% after sharing their outlook for 2025 that missed analysts’ expectations. UnitedHealth forecasts adjusted earnings for fiscal year 2025 at $16 per share, below its consensus estimate per share per LSEG of $20.91. The company’s expected annual revenue was $448 billion, less than the expected $449.16 billion. United Parcel Services – After the stock said it had won $1.55 per share, adjusted, and after it said it had slightly lacked analysts at $1.56 per share voted by LSEG. The company also provided no revenue guidance, citing macroeconomic uncertainty. Merck – Stocks fell 4% after pharmaceutical giants missed revenue expectations in the second quarter. Revenues were $158.1 billion, with an estimate of less than $158.9 billion. The company also said it would cut $3 billion from costs by the end of 2027. Whirlpool – Analysts’ second quarter estimates came across 17% on estimates from tariff pressure. The company also predicted annual adjusted revenue to be below consensus, cutting dividends. Following the report, Bank of America downgraded its stock to a low-performing rating from neutral. Union Pacific, Norfolk Southern – Union Pacific shares rose 1%, and Norfolk Southern said it had merged with $250 billion in stock and cash contracts before sliding 3% over 3% to create its first transcontinental railroad. PayPal – The stock slides 4% after PayPal issued third quarter revenue guidance that failed to meet expectations. Payments Company is forecasting an adjusted $1.18 to $1.22, with an adjusted $1.18 to $1.22 at the bottom of the LSEG consensus estimate. Meanwhile, the company beat its second quarter revenue and revenue expectations, raising its annual forecast, meaning the fourth quarter would be strong. Novo Nordisk – U.S. List shares fell 20% after the Danish drug giant drastically cut its full-year sales and profit guidance. Novo Nordisk expects US growth to be weak for obesity drug Wegovy. The company has also appointed internal candidate Maziar Mike Doustar as its new CEO. Boeing – Aerospace and defense companies rose more than 1% after posting a second-quarter adjusted loss of $1.24 per share. This was narrower than the $1.48 per share loss, according to LSEG. Boeing’s $22.75 billion revenue exceeded its $21.84 billion forecast. Last quarter, Boeing delivered the most airplanes since 2018. Corning – Materials Science and Technology stocks added over 6%, breaking their LSEG estimate of 57 cents, posting second-quarter adjusted earnings of 60 cents per share. Corning’s $4.05 billion revenue also won the $3.86 billion estimate. – CNBC’s Michelle Fox, Alex Hurling and Sarah Minh contributed the report.
