Stocks making the biggest moves premarket: HAS, TXN, HLT, T
Check out the companies making headlines before the opening bell. Hilton Worldwide — The hotel stock slipped nearly 2% despite Hilton posting a second-quarter earnings and revenue beat. Hilton reported adjusted earnings of $2.20 per share on revenue of $3.14 billion, while analysts polled by LSEG had expected earnings of $2.04 and $3.10 billion in revenue. The company also raised its full-year earnings guidance to between $7.83 to $8.00 per share, versus its prior range of between $7.76 and $7.94. Hasbro — Shares traded 3% higher in the premarket after the toymaker reported second-quarter results that beat analyst expectations. The company earned an adjusted $1.30 per share on revenue of $980.8 million. Analysts expected a profit of 78 cents per share on revenue of $880 million, according to LSEG. Hasbro also raised its full-year earnings guidance, “fueled by performance in our Wizards business,” CFO Gina Goetter said in a statement. SAP — U.S.-listed shares of the enterprise software company fell 4.2%. The company posted 9.03 billion euros for second-quarter revenue, missing the LSEG consensus estimate of 9.08 billion euros. Texas Instruments — The chip stock dropped nearly 10% in premarket trading after the firm released a third-quarter forecast that missed estimates. The semiconductor company did report second-quarter results that beat analysts’ expectations for revenue and earnings, however. AT & T — The telecom giant saw shares falling more than 3% even after the company exceeded Wall Street expectations for second-quarter earnings and revenue. AT & T also added more wireless subscribers than expected as discounted bundles combining 5G mobile and high-speed fiber plans gained traction. Enphase Energy — The solar stock dropped 8% in early trading after the firm issued third-quarter revenue guidance that came below Wall Street estimates. Enphase said tariffs had impacted its gross margin. Capital One — The bank stock climbed nearly 3% in premarket after the consumer lender’s earnings crushed expectations, helped by a rise in interest income. Its quarterly revenue came in below an LSEG estimate, however. Intuitive Surgical — The healthcare name rose about 1% in premarket after the firm beat Wall Street estimates for second-quarter profit and revenue amid increasing demand for its surgical robots used in minimally invasive procedures. — CNBC’s Alex Harring, Lisa Han and Fred Imbert contributed reporting.
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