American Express, Verizon, Schlumberger and more

Check out the companies making headlines before the bell:

American Express ( AXP ) – American Express rose 4.5% in the premarket after beating top and bottom line estimates for the second quarter. Cardmembers recorded record spending, driven by a rebound in travel and entertainment.

Verizon ( VZ ) – Verizon fell 4.4% in the premarket after adjusted quarterly earnings fell short of estimates and the company cut its full-year forecast. Verizon sees phone subscriber growth impacted by higher prices.

Schlumberger ( SLB ) – The oilfield services company reported better-than-expected second-quarter profit and earnings and raised expectations for the full year. Schlumberger is benefiting from increased demand for its services on the back of higher oil prices. Its stock rose 2.3% in premarket trading.

HCA Healthcare (HCA) – HCA rose 11.4% in the premarket after beating top and bottom line estimates for its most recent quarter. The hospital operator’s better-than-expected results came despite labor market and inflation challenges.

Cleveland-Cliffs ( CLF ) – The miner’s stock fell 5.3% in premarket trading after its latest quarterly earnings missed Street forecasts, although revenue beat consensus estimates. Cleveland-Cliffs noted its exposure to the auto sector, where supply chain issues have limited production, and said it expects to benefit as those issues are resolved.

Snap ( SNAP ) – Snap fell 30.3% in premarket trading after the Snapchat parent reported a wider-than-expected quarterly loss and its slowest sales growth since going public. It also said sales in the current quarter are on pace for a flat performance compared with a year ago, amid tougher economic conditions and growing competition for digital ad dollars.

Mattel ( MAT ) – Mattel fell 1% in premarket trading despite better-than-expected quarterly performance and strong sales of movie-themed toys. However, sales of its American Girl brand fell nearly 20% during the quarter.

Seagate Technology ( STX ) – Seagate Technology fell 11.8% in premarket action trading after the disk drive maker missed quarterly estimates on both the top and bottom lines. It also issued a weaker-than-expected forecast as demand for products such as personal computers slows.

Tenet Healthcare ( THC ) – The hospital operator nearly doubled the consensus estimate of 82 cents with adjusted quarterly earnings of $1.50 per share. Tenet said it was able to navigate challenging market conditions as well as a cyber attack. Its stock rose 10.9% in the premarket.

Intuitive Surgical ( ISRG ) – Intuitive Surgical missed both top-line and bottom-line estimates for its most recent quarter as placements of its Da Vinci robotic surgery systems fell. The company said Covid resurgences are affecting the number of procedures performed with the system, and its shares tumbled 12.1% in premarket trading.

Boston Beer ( SAM ) – Boston Beer took a 9.6% pre-market hit after reporting lower-than-expected earnings for its most recent quarter and cutting its full-year forecast. Declining demand for its Truly hard seltzer brand continues to weigh on the overall performance of the brewer of Sam Adams beer.

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