Check out the companies that made headlines before the bell: Novartis — Shares rose 4% after the Swiss drugmaker reported second-quarter core earnings and better-than-expected revenue, adding it “remains on track” to meet its full-year guidance and medium-term outlook. Core earnings were $2.41 per share, beating the StreetAccount consensus of $2.15 per share. Revenue was $14.41 billion, beating expectations of $13.95 billion. General Motors — The company had adjusted earnings of $3.57 per share on revenue of $48.03 billion. Analyst estimates compiled by LSEG were for sales of $47.01 billion and earnings of $3.20 per share. The stock price rose more than 1% following the results. Domino’s Pizza — Domino’s Pizza posted second-quarter earnings of $4.07 per share, missing the LSEG consensus estimate of $4.17 per share, sending the pizza chain’s stock price down 1%. Meanwhile, sales came in at $1.19 billion, slightly above expectations of $1.18 billion. Nebius Group — The AI cloud company rose 6% after Nvidia took a 9.3% stake in the Amsterdam-based company public, making it one of Europe’s leading neo-cloud providers of AI computing. MMM — Shares rose more than 5% after the American conglomerate that makes Scotch tape and Post-It notes beat expectations for second-quarter profit and sales and raised its full-year outlook. Taiwan Semiconductor Manufacturing Co. — Shares soared more than 3% after Nikkei Asia reported, citing sources, that the foundry would raise prices for chip manufacturing services by up to 10% next year. Crown Holdings — Shares of beverage and industrial packaging supplier Crown Holdings rose more than 2% after the company reported strong sales and bottom line gains in the second quarter. Crown reported earnings per share of $2.49, excluding items, on sales of $3.67 billion. Analysts polled by FactSet had expected earnings of $2.16 per share and revenue of $3.37 billion. Steel Dynamics — The steelmaker fell 1% even though the company’s latest earnings beat sales and bottom line. However, the company recorded an additional non-cash impairment charge of $16 million. Cracker Barrel Old Country Store — The restaurant chain rose more than 1% after the company said it expects its fiscal year 2026, which ends July 31, to “meet or exceed the upper end” of its revenue range and “exceed our adjusted EBITDA guidance.”
