Here are some companies with shares expected to trade actively in Thursday’s session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.
Inc.— down 11% premarket: The video-streaming service late Wednesday reported the addition of 2.7 million paid subscribers globally in the second quarter, well below analysts’ expectations of 5.3 million, according to FactSet.
— down 6.1% premarket: The company narrowed its full-year revenue outlook despite reporting second-quarter profits above analysts’ estimates.
Inc.— up 5.4% premarket: The online marketplace on Wednesday topped analysts’ earnings expectations in the latest period and the company raised its full-year profit forecast.
Philip Morris International
— up 4% premarket: The tobacco company on Thursday increased its full-year earnings guidance after it beat analysts’ expectations for net revenue and adjusted earnings per share. The company now expects earnings per share of at least $4.94 for 2019, compared with its previous estimate of at least $4.87. The company forecast adjusted earnings per share of $5.14 for the year, compared with its prior outlook of $5.09.
— up 2% premarket: The company reported its second-quarter earnings fell from a year earlier as the value of its private-equity portfolio appreciated less than the broader market, but the portion of profits it could return to shareholders ticked up.
— down 2.5% premarket: The aluminum maker lowered its forecast for aluminum demand but maintained its shipment guidance for the year for key products.
PPG Industries Inc.— down 1% premarket: The paint maker said weak demand from industrial clients is hurting sales, challenging the company’s decision to keep its paint and coatings businesses joined. PPG’s revenue fell 2.6% in the second quarter to $4.02 billion. The company predicted weak demand would continue into the third quarter.
— unchanged premarket: The banking company’s earnings fell in the latest quarter as a result of higher expenses. M&T’s profit was down by 4% to $473 million and revenue rose 6% to $1.55 billion. Earnings were $3.34 a share, while analysts polled by FactSet were expecting $3.69 a share.
— up 0.6% premarket: Earnings at the company rose in the second quarter, driven by higher revenue and helped by a $90 million income tax benefit. Adjusted earnings and net revenue rose higher than analysts were expecting.
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