Try the businesses making headlines earlier than the bell: Opendoor Applied sciences — The web actual property startup popped greater than 13%, extending a rally powered by retail merchants chasing meme shares. Opendoor, which has typically been cited on Reddit’s WallStreetBets discussion board, is forward greater than 500% this month. Buying and selling quantity exploded to 1.9 billion shares Monday, greater than 1,700% of the three-month common, in line with FactSet. Common Motors — Shares tumbled practically 4% regardless of the automaker beating gross sales and revenue expectations within the second quarter. Adjusted earnings earlier than curiosity and taxes of $3.04 billion had been greater than analysts estimated, however down greater than 31% from a 12 months in the past. Lockheed Martin — The maker of the Air Pressure’s F-35 fighter bomber dropped 8% after quarterly income of $18.16 billion trailed analysts’ consensus estimate of $18.57 billion, in line with LSEG. Earnings per share of $1.46 weren’t akin to estimates. Lockheed additionally reported a $1.6 billion loss attributed to some protection applications, and administration stated the “ongoing program evaluation course of recognized new developments that brought on us to re-evaluate the monetary place on a set of main legacy applications.” Coca-Cola — The comfortable drink maker dipped premarket after Coke topped Wall Road estimates for quarterly income and earnings. Coke additionally reiterated its full-year forecast for natural income development and narrowed its outlook to the highest finish of its prior vary for comparable earnings per share. NXP Semiconductors — The Dutch semiconductor maker dropped 6% after second-quarter gross sales declined attributable to gradual demand within the automotive market. In any other case, NXP beat on the highest and backside strains, with adjusted earnings of $2.72 per share on income of $2.93 billion exceeding $2.67 in earnings per share on $2.90 billion in income anticipated by analysts polled by LSEG. Metal Dynamics — Shares retreated practically 2% after the steelmaker’s second-quarter outcomes trailed expectations, with $2.01 in earnings per share lacking the Road’s $2.10 and income of $4.57 billion trailing the consensus for $4.76 billion. Medpace — The outsourced medical improvement companies supplier soared greater than 45% after second-quarter internet revenue and income topped analysts’ estimates and it raised full-year steering. GAAP earnings of $3.10 per share exceeded the FactSet consensus estimate of $2.98, whereas income of $603.3 million beat an anticipated $538.8 million. CSX , Norfolk Southern — Shares of Jacksonville, Florida-based freight railway CSX rose about 4% on a Reuters report that it’s in talks to carry on monetary advisors amid hypothesis about additional consolidation within the business. Norfolk Southern shares had been marginally greater after The Wall Road Journal stated Union Pacific is reportedly exploring a bid for the rail line . D.R. Horton — The homebuilder surged 7% after fiscal third-quarter outcomes got here in above expectations, with earnings of $3.36 per share exceeding the $2.89 anticipated by analysts surveyed by FactSet. Income of $9.23 billion topped the estimated $8.75 billion. PulteGroup — Shares popped 1% after the house building firm posted second-quarter earnings of $3.03 per share, topping analysts’ estimates of $2.96, per LSEG. PulteGroup’s $4.40 billion in income additionally got here in forward of the anticipated $4.39 billion. Northrop Grumman — Shares jumped 3% after Northrop Grumman posted second-quarter income of $10.35 billion, topping the LSEG consensus estimate of $10.07 billion. Zions Bancorporation — Shares rose nearly 3% after Zions posted second-quarter earnings of $1.63 per share, beating an LSEG consensus estimate of $1.31 per share. Zions’ CEO Harris Simmons stated, “We’re incrementally extra optimistic about development within the again half of the 12 months than we might beforehand been.” Albertsons Corporations — The grocery chain rose 2.2% after UBS upgraded Albertsons to a purchase from impartial, and raised its 12-month worth goal to $27 per share, implying upside of 35%. Agilysys — Shares sank 11% after the hospitality software program firm’s first-quarter earnings earlier than curiosity, taxes, depreciation and amortization, or EBITDA, of $12.5 million lagged the FactSet consensus estimate of $14.0 million. Calix — The telecommunications agency rose 3% after quarterly earnings of 33 cents per share topped analysts’ estimates of 21 cents, in line with FactSet. Income of $241.9 million was greater than the $223.9 million anticipated by analysts. — CNBC’s Lisa Han, Alex Harring, Spencer Kimball, Yun Li and Tanaya Macheel contributed reporting.
