Stocks Making The Biggest Premarket Moves: American Express, Autonation, Csx And More

Several companies are making headlines before the bell:

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American Express: The company experienced a 3% decline after reporting revenue for the previous quarter that fell short of expectations. However, earnings per share surpassed predictions. Second-quarter earnings stood at $2.89 per share, while revenue reached $15.05 billion. Analysts polled by Refinitiv had expected per-share earnings of $2.81 on revenue of $15.48 billion.

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AutoNation: Despite reporting second-quarter results that beat expectations, AutoNation's shares slid 3%. The company outperformed on both the top and bottom lines, reporting adjusted earnings of $6.29 per share on revenue of $6.89 billion. Analysts had anticipated per-share earnings of $5.91 on revenues of $6.78 billion.

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Sunnova Energy: The solar company witnessed a 2% decrease after receiving a downgrade from BMO to market perform from outperform. The downgrade was attributed to the challenging macro backdrop for residential solar, with concerns about the impact of Sunnova's debt issuances on the stock.

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CSX: CSX fell 4% after the transportation company missed revenue expectations for the second quarter. CSX reported revenue of $3.7 billion, lower than the $3.74 billion consensus estimate from Refinitiv. Earnings per share aligned with consensus at 49 cents.

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Capital One Financial: The financial stock saw a slight rise after posting better-than-expected earnings for the latest quarter. Capital One reported adjusted earnings of $3.52 per share, surpassing a Refinitiv estimate of $3.23 per share. However, its revenue missed expectations, and total deposits decreased 2% at the end of the second quarter.

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PPG Industries: PPG Industries declined 2% despite reporting strong second-quarter results. The supplier of paints, coatings, and other materials posted adjusted earnings of $2.25 on revenue of $4.87 billion. Analysts had anticipated earnings of $2.14 per share and revenue of $4.84 billion. The company also raised its current-quarter and full-year earnings guidance.

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Intuitive Surgical: The health-care firm experienced a 4% drop after reporting weaker-than-expected systems revenue in the second quarter. Intuitive posted systems revenue of $392.7 million, falling short of the $415.9 million StreetAccount consensus estimate. However, the company beat analysts' expectations with adjusted earnings of $1.42 per share on $1.76 billion in revenue, surpassing Refinitiv's forecast of $1.33 per share on $1.74 billion in revenue.

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Knight-Swift Transportation: The transportation stock declined over 2% after reporting lower-than-expected earnings in the second quarter and issuing weak guidance. Knight-Swift reported adjusted earnings of 49 cents per share and $1.55 billion in revenue. Analysts had expected 55 cents in earnings per share and a quarterly revenue of $1.60 billion, according to Refinitiv. The company attributed the performance to soft demand and a modest rise in driver turnover.

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Scholastic: Scholastic rose 6% after surpassing earnings-per-share expectations and announcing an increase in its share repurchase amount by $100 million. The publisher reported $2.26 earned per share, higher than the forecast of $1.70, according to one analyst surveyed by StreetAccount. However, revenue came in at $428.3 million, lower than the $541.8 million expected.

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