A Carvana used car vending machine displays vehicles in Miami on December 9, 2022.
Joe Raedle | Getty Images
Find out which companies are making headlines before the bell.
caravan — Carvana jumped 16% after online car retailer entered into an agreement with the noteholders to reduce its total outstanding debt by more than $1.2 billion.
Interactive brokers – Shares fell 5% after Interactive Brokers’ earnings missed estimates. The company reported adjusted earnings of $1.32 per share in the second quarter. That’s below analysts’ expectations of $1.40 a share, according to Refinitiv.
Omnicom – Omnicom fell 6% after the global marketing company’s revenue missed estimates. Omnicom reported second-quarter revenue of $3.61 billion, lower than forecast of $3.67 billion, according to consensus estimates from FactSet. It narrowly beat earnings expectations, posting adjusted earnings of $1.81 per share, beating consensus estimates of $1.80 per share.
Goldman Sachs — The banking stock fell 0.3% after Goldman Sachs missed expectations in its second quarter results. The company reported earnings of $3.08 per share, below Refinitiv’s forecast of $3.18 per share. Goldman also reported revenue of $10.9 billion, which was higher than the $10.84 billion forecast.
Joby Aviation — The electric aircraft stock fell 6.3% in premarket after being downgraded by JPMorgan to underweight from neutral. The Wall Street firm said Joby’s recent rally was “grossly exaggerated” and likely the result of short coverage. Shares are up 200% since the start of the year.
Cinemark – Shares fell 3.3% after JPMorgan downgraded the theater chain to neutral overweight, citing the effects of the actors’ strike in Hollywood.
JB Hunt Transportation Services — The transportation and logistics company fell 2.2% after posting disappointing quarterly results. JB Hunt reported second-quarter earnings of $1.81 per share on revenue of $3.13 billion. Analysts polled by Refinitiv had expected earnings of $1.92 per share on revenue of $3.31 billion.
Western Alliance Bancorporation — Shares of the regional bank fell 2.4% following the bank’s mixed second-quarter results. The company posted earnings of $1.96 per share and revenue of $669 million. Analysts polled by Refinitiv had estimated earnings of $1.98 per share and revenue of $652 million. The bank reported an increase in deposits during the quarter.
American bank — Shares of the major regional bank fell 1% after US Bancorp reported second-quarter results. The bank reported $1.12 in adjusted earnings per share on $7.14 billion in revenue. Analysts had expected $1.12 in earnings per share on $7.16 billion in revenue, according to Refinitiv.
Nasdaq – Shares rose 0.3% after the Nasdaq beat profit and sales expectations in its second-quarter results. The Nasdaq posted adjusted earnings of 71 cents per share on revenue of $925 million. Analysts had expected earnings of 66 cents per share on revenue of $914.9 million, per Refinitiv.
– CNBC’s Michelle Fox, Alex Harring, Hakyung Kim and Jesse Pound contributed reporting.
