Check out the companies that make headlines before the clock:
UnitedHealth (UNH) – The health insurance company’s share rose 1.7% in the pre-market, after its quarterly earnings and revenue beat forecasts, raising the full-year outlook. The company’s results were partly helped by a strong performance in its Optum healthcare division.
Wells Fargo (WFC) – The bank reported quarterly earnings of 74 cents per share. share, which included an impairment of 8 cents equity compared to a consensus estimate of 80 cents. Revenue fell below Wall Street’s forecasts for the quarter. Wells Fargo’s profit fell from a year ago as it set aside more money to cover possible bad loans and the stock fell 1% in pre-market trading.
Pinterest (PINS) – The image-sharing company’s stock rose 15.9% in pre-market action after the Wall Street Journal reported that activist investor Elliot Management became a major shareholder, accumulating a stake of more than 9%.
Rio Tinto (RIO) – The mining company’s share fell 1.7% in the pre-market after warning that labor shortages in Australia would affect its earnings in the second quarter.
BlackRock (BLK) – The asset management firm earned an adjusted $ 7.36 per share. Profits fell by 30% compared to a year ago amid the global market turmoil that deterred investors. BlackRock fell 1% in pre-market trading.
Vertical Aerospace (EVTL) – The manufacturer of electric aircraft saw its 13.1% rise in pre-market action after announcing an order for 50 vehicles from European business jet operator FLYINGGROUP.
Solar shares – Shares in solar-related companies fell in the pre-market after Democratic Senator Joe Manchin said he would not support new financing bills for climate change. Sunrun (RUN) fell 7.6%, SunPower (SPWR) fell 5%, SolarEdge Technologies (SEDG) lost 3.7% and First Solar (FSLR) fell 3.1%.