Today's Pre-Market Stock Movers And Top Ratings: GOOG, KO, MSFT, SPOT and More

(The Google parent popped more than 6% after topping Wall Street's second-quarter earnings expectations, fueled by growth in its cloud-computing segment. The company also announced that its chief financial officer, Ruth Porat, would step into a new role as president and chief investment officer.)

(Shares of the regional bank stock jumped more than 28% on news that it will be acquired by Banc of California to create a new firm called Pacific Western. Banc of California shares added about 6%.)

(The beverage giant saw shares climb more than 1% in premarket trading after the company reported quarterly earnings and revenue that topped estimates. Its organic revenue increased 11% in the quarter, fueled by higher prices. Coca-Cola also raised its full-year outlook following the strong report.)

(The aircraft manufacturer rose more than 3% after it posted a revenue beat for the second quarter. Boeing’s losses per share also came in lower than expected. The company’s results were driven by an uptick in airplane deliveries.)

(The bank stock added 2.5% after announcing a $30 million share buyback program late Tuesday. Wells Fargo also said that its board approved a previously announced dividend hike to 35 cents from 30 cents per share.)

(Shares jumped 7% after Teladoc Health beat on the top and bottom lines in its most recent quarter. The telehealth company reported a narrower-than-expected loss of 40 cents per share compared to a loss of 41 cents per share, according to the consensus estimate from StreetAccount. The firm also posted revenue of $652.4 million, better than the expected $649.2 million.)

(AT&T rose 2% after posting its latest quarterly results. The company topped earnings but fell short on revenue expectations, reporting adjusted earnings per share of 63 cents on $29.92 billion in revenue. Free cash flows topped expectation, which the company said it would use to pay down debt.)

(The railroad operator's stock popper more than 8% even after revenue fell short of expectations. The company named a new CEO and changes to its board.)

(The software giant lost about 4% after reporting slowing revenue growth within its cloud business during its fiscal fourth quarter and called for lower-than-expected guidance. Microsoft, however, did beat Wall Street’s estimates, reporting earnings of $2.69 per share on $56.19 billion in revenue. Analysts polled by Refinitiv anticipated earnings per share of $2.55 on revenue of $55.47 billion.)

(Texas Instruments fell 4% even after reporting results that surpassed Wall Street’s expectations. The semiconductor stock shared lighter-than-expected guidance for the current period, citing sluggish demand.)

(The Snapchat parent shed more than 17% after issuing weak guidance for the current quarter. Snap topped second-quarter expectations, reporting a narrower-than-expected loss of 2 cent a share on $1.07 billion in revenue. That beat expectations for a 4-cent loss and revenues of $1.05 billion, per Refinitiv.)

(Shares sank 6.6% in the premarket. Thermo Fisher Scientific reported earnings and revenue that fell short of expectations, citing a difficult macro environment.)

Source: Dow Jones

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