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Stocks - GM, Boeing Slump in Pre-market; Coca-Cola Gains; AT&T Drops

Investing.com
Stocks in focus in pre-market trade on Wednesday
Stocks in focus in pre-market trade on Wednesday

Investing.com - Stocks in focus in pre-market trade Wednesday:

• General Motors (NYSE:GM) stock sank 5.27% by 8:02 AM ET (12:02 GMT) after second-quarter revenue missed consensus and the automaker warned of continued headwinds in the second half of 2018.

• Boeing (NYSE:BA) stock slumped 3.13% as the company’s second-quarter earnings per share missed by a penny.

• AT&T (NYSE:T) stock fell 1.10% as the company reported second quarter results. Although the numbers beat estimates, analysts focused on declining service and organic revenues.

• Coca-Cola (NYSE:KO) stock rose 0.75% as the company produced better-than-expected second-quarter results, driven by Diet Coke sales.

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• United Parcel Service (NYSE:UPS) stock fell 0.63% despite reporting second-quarter results that beat on both the top and bottom lines. UPS reaffirmed its forecast for 2018 adjusted diluted earnings per share in a range of $7.03 to $7.37, placing the midpoint of $7.20 below the Factset consensus for $7.25.

• IRobot (NASDAQ:IRBT) stock skyrocketed 17.85% as a 24% surge in second-quarter revenue helped the company to beat analysts’ expectations and lift its forecast for 2018 earnings per share.

• Stryker (NYSE:SYK) stock slid 1.80% despite better-than-expected second-quarter earnings as the company forecast third-quarter diluted earnings per share of $1.65 to $1.70, compared to expectations for $1.70.

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