A pedestrian walks past Pinterest headquarters in San Francisco, April 9, 2019.
Justin Sullivan | Getty Images
Take a look at the companies with the biggest moves before the market:
Bank of America — Shares of Bank of America rose 0.4% in premarket trading after beating second-quarter revenue and net profit expectations. Bank of America’s results benefited from more profitable loans fueled by higher interest rates.
Bank of New York Mellon — The bank reported better-than-expected second-quarter profit and revenue. Like Bank of America, BNY Mellon has benefited from rising interest rates. But the share price fell by more than 1%
PNC Financial — PNC fell 2.7 percent premarket after reporting quarterly revenue that missed expectations despite earnings beating expectations. PNC’s deposits and net interest income both fell.
verizon, AT&T — Verizon rose 1 percent in premarket trading, while AT&T gained 0.7 percent. Shares of both companies have fallen in recent days, with AT&T falling to its lowest level since 1993 and Verizon’s lowest level since 2010 on Monday. Analysts have been concerned about potential liability for miles of lead-clad cables across the United States.
field — Masimo tumbled 28% in premarket as the medical equipment maker forecast weaker-than-expected second-quarter sales as hospitals cut equipment spending due to higher staffing costs.
Novartis — Novartis rose 2.9% in premarket trading after it raised its full-year forecast on strong drug sales. Novartis also said the spin-off of its generics unit Sandoz will take place early in the fourth quarter.
interest — Pinterest rose 3.3% in extra-hours trading after Evercore ISI upgraded it to “outperform” from “perform.” Evercore said it expects digital ad spending to stabilize, with signs of a recovery in the second half of the year.
norwegian cruise line — Shares of the cruise operator fell 1.8% in premarket trading after Truist downgraded the cruise operator’s rating to hold from buy. The firm is bullish on trends in the cruise industry, but notes the stock’s recent outperformance.