Check out the companies that made headlines before the bell: Helmerich & Payne — The drilling rig company fell more than 7% after disappointing financial results. Helmerich & Payne reported an adjusted loss of 1 cent per share in its fiscal fourth quarter, missing the FactSet consensus estimate for earnings of 23 cents per share. However, sales exceeded analysts’ expectations. Home Depot — Shares fell 1.2% after the company reported third-quarter results that fell short of analysts’ expectations. The home improvement giant had adjusted earnings of $3.74 per share, compared with analysts’ estimates compiled by LSEG of $3.84 per share. Home Depot also lowered its full-year profit forecast. Blue Owl Capital — This alternative asset manager fell 1%, on pace to further outpace its 5.8% decline from the previous session. Stock prices fell for three consecutive days. Investors in the private fund are reportedly facing huge losses and will be prevented from redeeming their funds until next year. Amer Sports — Shares rose 8% after the sporting goods company, whose brands include Salomon and Wilson, reported better-than-expected results. Excluding items, earnings were 33 cents per share, beating the 25 cents per share expected by analysts surveyed by FactSet. Sales also exceeded expectations of $1.72 billion at $1.76 billion. Axalta Coating Systems — Axalta Coating Systems rose more than 6% after announcing an all-stock merger with AkzoNobel with an enterprise value of $25 billion. Barrick Mining — The gold miner rose 2.8% after the Financial Times reported that activist investor Elliott Management had taken a significant stake in the company. The report, citing people familiar with the matter, said Mr. Elliott was encouraged by the idea that Barrick could be split into two companies. James Hardie Industries — The Irish building materials company’s U.S.-listed shares rose 8.5% on second-quarter sales of $1.29 billion, beating the consensus estimate of $1.28 billion from analysts polled by FactSet. Adjusted earnings per share were in line with analyst estimates of 26 cents. James Hardie also raised its full-year adjusted EBITDA forecast. Rheinmetall — Germany’s defense stock rose 2% on Tuesday after the company told investors its sales would increase fivefold over the next five years amid rising geopolitical tensions and the war in Ukraine. —CNBC’s Michelle Fox, Alex Harring and Fred Imbert contributed reporting.
