The companies are making news before the bell rings.
The financial services company reported a quarterly profit of $2.47 per share, 6 cents above estimates. American Express raised its full-year forecast due to a surge in customer spending. The stock dropped in the pre market.
Revenue was better than expected and the company earned an adjusted 1.32 for the third quarter. The number of postpaid net phone adds was less than expected by the company.
After forecasting no revenue growth for the current quarter, the company's stock plummeted in the pre market. The decline in the stock of other companies dependent on ad revenue was caused by the slowing of the digital ad market.
After better-than- expected results for the third quarter, the rail operator's stock jumped 5.2% in premarket trading.
The hospital operator's stock dropped after issuing a weaker-than- expected outlook. There was a cyber attack earlier this year and a spike in Covid-19 among its workers.
A person with knowledge of the matter told the Wall Street Journal that Veris Residential, the owner of rental apartments in New Jersey, is the subject of a takeover bid by another company. The bid is said to be worth more than yesterday's closing price. Veris was up 13.5% before the market opened.
The parent company of Holiday Inn, Intercontinental Hotels, saw its stock fall 4.2% in the pre-market.
Revenue and profit for the latest quarter came in below expectations. The company's outlook was less than expected due to softer demand and reduced production. The company fell in pre market action.
The athletic apparel maker's stock fell in the pre market after Telsey Advisory Group upgraded it to market perform from outperform. Telsey believes that inventory levels at rivals like Nike and Adidas are higher than their competitors.
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