Premarket Stock Movements: Coca-Cola, Sherwin-Williams, Johnson & Johnson and Others
Several stocks are making notable premarket moves following earnings reports or guidance updates. Coca-Cola shares rose nearly 2% after beating both revenue and profit expectations while raising its full-year outlook. Sherwin-Williams climbed almost 6%, also exceeding estimates for the second quarter, with an upward revision to annual forecasts. Hilton Worldwide Holdings fell by 2.7% despite a strong Q2 performance due to weaker-than-expected third-quarter guidance. Johnson & Johnson gained over 2% after announcing a $5.5 billion settlement related to talc lawsuits. Cadence Design Systems rose 3%, beating earnings estimates, while Rambus dropped more than 4% despite outperforming expectations. Universal Health Services shares declined by 3% following reduced full-year guidance, whereas Welltower climbed nearly 5% after raising its forecast for normalized funds from operations. Happen (formerly LendingClub) saw a rise of over 6%, exceeding earnings and loan originations guidance. Cincinnati Financial fell almost 2% due to disappointing second-quarter results.
Tickers: $CDNS $CINF $HLT $JNJ $KO $RMBS $SHW $UHS $WELL
Topics: earnings guidance stock performance