Check the companies that make headlines before the bell:
UnitedHealth (UNH) – The health insurance company’s share rose 1.7% in the advance market after the quarterly result and revenues beat the forecasts, and it increased the outlook for the whole year. The company’s results were partly helped by a strong performance at Optum health services.
Wells Fargo (WFC) – The bank reported quarterly earnings of 74 cents per share, which included a write-down of 8 cents equity, compared to a consensus estimate of 80 cents. Revenue fell below Wall Street̵[ads1]7;s forecasts for the quarter. Wells Fargo’s profits fell a year ago when 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 shares rose 15.9% in premarket 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 shares fell 1.7% in the advance market after warning that labor shortages in Australia would affect earnings in the second quarter.
BlackRock (BLK) – The asset management firm earned an adjusted $ 7.36 per share for the second quarter, missing the $ 7.90 consensus estimate, with earnings also falling below forecasts. The result fell 30% from a year ago, in the midst of the global market turmoil that discouraged investors. BlackRock fell 1% in pre-market trading.
Vertical Aerospace (EVTL) – The manufacturer of electric aircraft saw its 13.1% rise in premarket action after announcing an order for 50 vehicles from European business jet operator FLYINGGROUP.
Solar Energy Shares – Shares in solar-related companies fell in the advance 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%.