Stocks making the biggest moves premarket: American Express, Verizon, Snap and others

Check retired the companies making headlines earlier the bell:

American Express (AXP) – The fiscal services institution reported a quarterly nett of $2.47 per share, 6 cents supra estimates, with gross besides topping Wall Street forecasts. American Express besides raised its full-year forecast, amid a surge successful lawsuit spending, and accrued the magnitude successful reserve for imaginable defaults. The banal fell 4.7% successful the premarket.

Verizon (VZ) – Verizon earned an adjusted $1.32 for the 3rd quarter, beating the statement estimation by 3 cents, with gross besides amended than expected. Verizon besides reported a smaller fig of postpaid nett telephone adds than expected, noting it had anticipated immoderate antagonistic interaction from raising prices.

Snap (SNAP) – The Snapchat parent's banal tumbled 28.2% successful the premarket aft forecasting nary gross maturation for the existent quarter. The slowdown successful the integer advertisement marketplace besides took down the stocks of different companies babelike connected advertisement revenue, with Pinterest (PINS) sliding 7.5%, Meta Platforms (META) losing 3.5%, Alphabet (GOOGL) disconnected 1.7% and Twitter (TWTR) sliding 6.9%.

CSX (CSX) – The obstruction operator's banal rallied 5.2% successful premarket trading pursuing better-than-expected results for the 3rd quarter, benefitting from higher shipment volumes and higher prices.

Tenet Healthcare (THC) – The infirmary operator's banal dropped 18% successful premarket enactment aft issuing a weaker-than-expected outlook. Tenet said it is moving to retrieve from a cyber onslaught earlier this twelvemonth and a Covid-19 spike among its workers.

Veris Residential (VRE) – The proprietor of New Jersey rental apartments is the entity of an unsolicited takeover bid by rival Kushner Cos., according to a idiosyncratic acquainted with the substance who spoke to the Wall Street Journal. The bid is said to beryllium worthy $16 per share, compared with yesterday's $12.42 closing price. Veris rallied 13.5% successful premarket trading.

Intercontinental Hotels (IHG) – The genitor of Holiday Inn saw its banal autumn 4.2% successful the premarket pursuing quality that Chief Financial Officer Paul Edgecliff-Johnson is leaving to articulation bookmaking institution Flutter Entertainment.

Whirlpool (WHR) – The appliance maker's nett and gross for the latest 4th came successful beneath Wall Street forecasts. The institution besides gave a weaker-than-expected outlook amid softer request and reduced production. Whirlpool fell 4.4% successful premarket action.

Under Armour (UAA) – The diversion apparel maker's banal mislaid 2.6% successful the premarket aft Telsey Advisory Group downgraded it to marketplace execute from outperform. Telsey is basing its telephone connected elevated inventory levels astatine rivals similar Nike (NKE) and Adidas, though it noted that Under Armour's inventories are leaner than its competitors.