Check out the companies that made headlines before the bell: Coca-Cola — Shares jumped 2% after the beverage company beat revenue expectations and raised its full-year outlook. Coca-Cola’s adjusted earnings per share were 97 cents, beating analysts’ estimates of 93 cents compiled by LSEG. Sales also exceeded expectations of $13.16 billion at $13.38 billion. Sherwin-Williams Company — The paint maker rose nearly 6% after reporting second-quarter results that beat the Street. Sherwin-Williams earned adjusted earnings of $3.70 per share on revenue of $6.79 billion. Analysts polled by FactSet had expected earnings of $3.52 per share and revenue of $6.6 billion. The company also raised its full-year profit forecast. Hilton Worldwide Holdings — The hospitality stock fell 2.7% after Hilton reported weaker-than-expected guidance for the current quarter, even though the company reported better second-quarter profits and revenue. The company issued guidance for third-quarter earnings of $2.28 to $2.34 per share, below the FactSet consensus estimate of $2.43 per share. Johnson & Johnson — The health and pharmaceutical giant rose more than 2% after agreeing to settle thousands of lawsuits alleging that some of its talc products caused ovarian cancer. J&J will pay $5.5 billion to settle the lawsuit. Corning — The glass maker plunged 16% after a mixed quarterly report. Second-quarter profits and sales beat analyst expectations, but the current quarter’s sales guidance of $4.9 billion to $5.0 billion was roughly in line with FactSet consensus. Cadence Design Systems — Shares rose 3% after the chip design company reported second-quarter adjusted earnings of $2.11 per share, beating the LSEG consensus estimate of $2.05 per share. Sales were $1.58 billion, in line with expectations. Rambus — Shares fell more than 4% even though the memory interface chip maker posted strong results in the second quarter. Rampus reported adjusted earnings of 77 cents per share on sales of $207 million. Analysts polled by LSEG had expected earnings of 72 cents per share and revenue of $198 million. Universal Health Services — Hospitals and Healthcare Services Provider fell 3% after the company lowered its full-year outlook. Universal Health Services now expects adjusted earnings to be in the range of $22.28 to $23.65 per share for the year ending December, down from its previous forecast of $22.64 to $24.52 per share. Welltower — The senior housing real estate investment trust rose 4.5% after Welltower raised its full-year outlook. It called for normalized funds from operations in the range of $6.36 to $6.44 per share, beating the FactSet consensus estimate of $6.30. What Happened — The bank formerly known as Lending Club saw its stock price rise more than 6%. Full-year earnings were expected to range from $1.80 to $1.90 per share, beating the FactSet consensus of $1.74 per share. The company expects annual loan originations to be between $12.2 billion and $12.6 billion. Cincinnati Financial — Shares fell nearly 2% after the insurance company reported disappointing second-quarter results. Operating income per share was $1.43, below the FactSet consensus estimate of $1.84 per share. Net premiums were $2.64 billion, lower than analysts’ expectations of $2.66 billion. — CNBC’s Darla Mercado contributed reporting.
