General Motors, 3M, Novartis lead premarket movers on earnings beats

Earnings
โดย CNBC·Read original
Summary · why it matters

Several companies made notable premarket moves following their latest earnings reports. Novartis shares jumped 4% after the Swiss pharmaceutical company posted second-quarter core earnings of $2.41 per share on revenue of $14.41 billion, both exceeding StreetAccount consensus estimates. General Motors gained more than 1% after reporting adjusted earnings of $3.57 per share on revenue of $48.03 billion, topping LSEG forecasts. 3M surged more than 5% as the conglomerate beat second-quarter expectations and raised its full-year guidance. Domino's Pizza slipped 1% after earnings of $4.07 per share missed the LSEG consensus of $4.17 per share, though revenue of $1.19 billion slightly beat estimates. Nebius Group rallied 6% after Nvidia disclosed a 9.3% stake in the AI cloud company. Taiwan Semiconductor Manufacturing rose more than 3% on a Nikkei Asia report that it will raise chipmaking service prices by up to 10% next year. Crown Holdings climbed more than 2% after beating top- and bottom-line estimates with earnings of $2.49 per share on revenue of $3.67 billion. Steel Dynamics dipped 1% despite an earnings beat, as it recorded an additional non-cash impairment charge of $16 million. Cracker Barrel Old Country Store added more than 1% after saying it expects to achieve or exceed the high end of its fiscal 2026 revenue range and exceed its adjusted EBITDA outlook.

Impact on stocks 14

Consumer Discretionary± Mixed · 3 stocks
Cracker Barrel Old Country Store
CBRL
▲ PositiveCapitalrelevance

Cracker Barrel said it expects to achieve or exceed the high end of its fiscal 2026 revenue range and exceed its adjusted EBITDA outlook.

Artificial Intelligence▲ · 3 stocks
3M Company
MMM
▲ PositiveCapitalrelevance

3M beat second-quarter expectations and raised its full-year guidance.

Nebius Group N.V.
NBIS
▲ PositiveCapitalrelevance

Nvidia disclosed a 9.3% stake in Nebius Group, a capital event.

Cloud & Digital Infrastructure▲ · 2 stocks
Semiconductors▲ · 1 stocks
Materials▲ · 1 stocks
Crown Holdings Inc
CCK
▲ PositiveCapitalrelevance

Crown Holdings beat top- and bottom-line estimates with earnings of $2.49 per share on revenue of $3.67 billion.

Electrification & Mobility▲ · 1 stocks
General Motors Company
GM
▲ PositiveCapitalrelevance

General Motors reported adjusted earnings of $3.57 per share on revenue of $48.03 billion, topping LSEG forecasts.

Biotech & Genomic Medicine▲ · 1 stocks
Novartis AG
NOVN
▲ PositiveCapitalrelevance

Novartis posted Q2 core earnings and revenue that beat consensus estimates.

Critical Materials & Supply Chain▼ · 1 stocks
Steel Dynamics Inc
STLD
▼ NegativeCapitalrelevance

Steel Dynamics recorded an additional non-cash impairment charge of $16 million.

Financials▲ · 1 stocks
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