Stocks making the biggest moves premarket: Delta Air Lines, Costco Wholesale, Pfizer and more

by | Jul 11, 2024 | Financial

Check out the companies making headlines before the bell. Delta Air Lines — Shares tumbled 9% after the airline issued a lower-than-expected sales growth forecast in the current quarter. Net income also fell 30% in the second quarter despite revenue reaching record highs. Costco Wholesale — Costco shares added nearly 3% after the wholesale club raised its membership fee for the first time since 2017 . The company hiked the cost of its annual membership by $5 in the U.S. and Canada and increased its higher-tier plan by $10. Pfizer – Shares rose nearly 3% after the drugmaker said it will continue to develop the once-daily version of its weight loss pill following “encouraging” data in an early-stage trial , and plans to conduct studies in the second half of the year evaluating multiple doses of the drug. PepsiCo — Shares slipped 2% after the beverage and snacks giant reported a slight revenue miss for the second quarter and narrowed its revenue outlook for the full year. Pepsi now anticipates organic revenue growth of approximately 4%, versus its previous forecast of at least 4%. Its quarterly adjusted earnings per share came in above expectations. On Semiconductor — On Semiconductor’s stock slumped 3%. Morgan Stanley downgraded shares to underweight, citing top-line headwind concerns that cap the opportunity for multiple expansion. WD-40 — WD-40 shares climbed 10% on st …

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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines before the bell. Delta Air Lines — Shares tumbled 9% after the airline issued a lower-than-expected sales growth forecast in the current quarter. Net income also fell 30% in the second quarter despite revenue reaching record highs. Costco Wholesale — Costco shares added nearly 3% after the wholesale club raised its membership fee for the first time since 2017 . The company hiked the cost of its annual membership by $5 in the U.S. and Canada and increased its higher-tier plan by $10. Pfizer – Shares rose nearly 3% after the drugmaker said it will continue to develop the once-daily version of its weight loss pill following “encouraging” data in an early-stage trial , and plans to conduct studies in the second half of the year evaluating multiple doses of the drug. PepsiCo — Shares slipped 2% after the beverage and snacks giant reported a slight revenue miss for the second quarter and narrowed its revenue outlook for the full year. Pepsi now anticipates organic revenue growth of approximately 4%, versus its previous forecast of at least 4%. Its quarterly adjusted earnings per share came in above expectations. On Semiconductor — On Semiconductor’s stock slumped 3%. Morgan Stanley downgraded shares to underweight, citing top-line headwind concerns that cap the opportunity for multiple expansion. WD-40 — WD-40 shares climbed 10% on st …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
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