A pedestrian walks past the Pinterest headquarters on April 09, 2019 in San Francisco.
Justin Sullivan | Getty Images
Check out the companies making the biggest moves before the bell:
Bank of America – Bank of America added 0.4% in the pre-market after beating high and low estimates for the second quarter. BofA’s results were helped by more profitable loans, boosted by higher interest rates.
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Bank of NY Mellon — The bank announced better-than-expected earnings and revenue for the second quarter. Like BofA, Bank of NY Mellon benefited from the impact of rising interest rates. However, the stock fell more than 1%
PNC Financial – PNC shares fell 2.7% premarket after posting quarterly revenue below expectations, even as earnings beat forecasts. Deposits and net interest income both fell at PNC.
Verizon, AT&T – Verizon gained 1% in premarket trading, while AT&T rose 0.7%. Both have fallen in recent days, with AT&T hitting its lowest level since 1993 on Monday and Verizon plunging to its lowest since 2010. Analysts are concerned about potential liability for miles of lead-sheathed cables across the United States.
The fields – Masimo fell 28% in pre-marketing after the medical device maker forecast lower-than-expected sales for its second quarter as hospitals cut spending on equipment amid rising staffing costs.
Novartis – Novartis jumped 2.9% in premarket stock after the drugmaker raised its full-year outlook on strong pharmaceutical sales. Novartis also said its planned spin-off from the Sandoz generic drugs division would take place early in the fourth quarter.
pinterest — Pinterest rose 3.3% in after-hours trading following an upgrade to “outperform” from “online” at Evercore ISI. Evercore said it sees digital ad spend stabilizing, with indications of a recovery in the second half.
Norwegian cruise line – The cruise operator’s stock slid 1.8% in premarket action after Truist downgraded the stock to an expectation of a buy. The company is bullish on cruise industry trends, but notes the stock’s recent outperformance.
