Here’s a look at some of the companies making waves in premarket trading: CrowdStrike — Shares fell 5% after CNBC reported that Delta Air Lines had hired lawyers to seek damages from both CrowdStrike and Microsoft over a software update that caused mass flight cancellations in July. Woodward — The aerospace and industrial equipment company fell more than 11% after third-quarter revenue fell short of Wall Street expectations. Woodward reported revenue of $847.7 million for the quarter, while analysts surveyed by FactSet were expecting $853.3 million. F5 Inc. — Shares soared nearly 14% after the software company reported third-quarter sales and profits that beat expectations. F5 reported adjusted earnings per share of $3.36, compared with LSEG’s forecast of $2.97 per share. Revenue of $695 million beat expectations of $686 million.Amkor Technology — Shares fell more than 6% after semiconductor packaging company Amkor’s third-quarter outlook fell short of Wall Street expectations. Amkor expects fourth-quarter earnings per share in the range of 42 cents to 56 cents, while analysts surveyed by FactSet had expected 64 cents per share. Merck — Shares fell more than 1% after the pharmaceutical giant issued a lower-than-expected full-year profit outlook. The company expects full-year bottom line earnings to be in the range of $7.94 to $8.04 per share. This was below FactSet’s estimate of $8.16 per share and below the company’s previous outlook. Lattice Semiconductor — Shares fell 15.9% after second-quarter earnings and current-quarter revenue outlook fell short of expectations.Lattice earned 23 cents a share, excluding overhead, on revenue of $124 million in the second quarter, while analysts surveyed by LSEG had expected 24 cents a share and revenue of $130 million. Bank of America cut the stock to underperform from neutral, citing weaker growth prospects and uncertainty. Pfizer — Shares rose 1.4% after the drugmaker beat expectations on second-quarter profit and revenue. Pfizer also raised its full-year outlook. The company now expects adjusted earnings per share of $2.45 to $2.65 and revenue of $59.5 billion to $62.5 billion for the fiscal year. Varonis Systems — Shares of data security company Varonis Systems jumped 10% after the company reported second-quarter results that beat expectations and also provided better-than-expected guidance for the current quarter. Adjusted earnings per share were 5 cents, beating analysts surveyed by FactSet’s estimate of a loss of 2 cents per share. Revenue was $130.3 million, beating the consensus estimate of $124.8 million. Symbotic — Shares of the automation company fell more than 19% after weak fourth-quarter guidance. Symbotic expects fourth-quarter revenue of $455 million to $475 million, compared with the FactSet consensus estimate of $516.9 million. The company also reported third-quarter revenue of $491.9 million, beating Wall Street expectations of $464.6 million. Howmet Aerospace — The aerospace manufacturer rose 8% after second-quarter adjusted earnings per share of 67 cents, beating analysts surveyed by FactSet’s estimate of 60 cents. The company’s revenue of $1.88 billion also beat expectations of $1.83 billion. Additionally, Howmet raised its quarterly dividend to 8 cents a share from 5 cents, payable on Aug. 26. Corning — Shares fell 5.5%. The company, known for developing Gorilla Glass, used in iPhones, posted second-quarter earnings of 47 cents a share, slightly beating the 46 cents expected by analysts surveyed by LSEG. But the earnings guidance was broadly in line with analysts’ expectations. Archer Daniels Midland — Shares fell 2% after the agricultural products maker reported second-quarter adjusted earnings of $1.03 a share, well below the $1.22 consensus estimate from analysts compiled by LSEG. ADM’s revenue for the quarter also missed expectations. JetBlue — Shares rose 4% after the company reported second-quarter adjusted earnings per share of 8 cents.PayPal — Shares rose 4% after the payments company said it earned $1.19 in second-quarter adjusted earnings per share, well above the 99 cents per share expected by analysts surveyed by FactSet. PayPal also raised its 2024 outlook and increased its share buyback plans.Procter & Gamble — Shares fell 3% after the consumer goods giant said it earned $20.53 billion in second-quarter revenue, below the $20.74 billion expected by analysts surveyed by LSEG. P&G’s adjusted earnings per share for the period were $1.40, beating analysts’ expectations of $1.37 per share, according to LSEG.Leidos — Shares surged more than 7% after better-than-expected second-quarter results. Leidos, which provides IT services to the U.S. Department of Defense, earned $2.63 per share, excluding items, on revenue of $4.13 billion. Analysts surveyed by Street Accounts had expected a profit of $2.27 per share on sales of $4.06 billion. The company also raised its full-year profit outlook. Zebra Technologies — Shares of the tracker and computer printing technology maker rose 3% after the company reported better-than-expected second-quarter results. Zebra earned $3.18 per share, excluding certain items, on sales of $1.22 billion. Analysts had expected a profit of $2.80 per share on sales of $1.18 billion, according to Street Accounts. The company also raised its full-year profit outlook. — CNBC’s Michelle Fox, Ha-Kyung Kim, Lisa Kai-Lai Han, Alex Harring, Jesse Pound, Fred Imbert and John Meloy contributed to the report.
Biggest movers in premarket trading: CRWD, MRK, PYPL, JBLU
