AT&T, DR Horton, travelers and more

Check out the companies making headlines before the bell:

AT&T (T) – AT&T fell 1.8% premarket, despite higher estimates on both upper and lower results for the second quarter, as it lowered its free cash flow forecast for the whole year. AT&T also reported an increase in quarterly wireless subscriber additions and raised its full-year forecast for wireless revenue growth.

DR Horton (DHI) – The homebuilder reported better-than-expected earnings for its latest quarter, but revenue fell short of analysts’ forecasts. The company cut its full-year sales forecast due to moderating demand. The shares fell 1.4% in premarket trading.

Travelers (TRV) – Travelers rose 4.3% in premarket stock after reporting better-than-expected second-quarter earnings and revenue. This positive performance came despite higher catastrophic losses and lower investment income.

American Airlines (AAL) – American fell 1.4% in premarket after quarterly profits matched estimates and revenue was essentially in line with forecasts. The profit was the airline’s first since the pandemic began and the carrier expects the current quarter to be profitable as well.

Danaher (DHR) – The medical and industrial products and services company’s second-quarter earnings and revenue were better than expected, as higher sales helped offset an increase in spending. Danaher jumped 3.5% in premarket trading.

Tesla (TSLA) – Tesla gained 2.7% in premarket trading after reporting better-than-expected second-quarter earnings. Tesla’s revenue has been lower than expected and its profit margins have shrunk due to rising costs and supply chain disruptions.

Carnival (CCL) – Carnival fell 12.1% in premarket after announcing a $1 billion common stock offering. The cruise line operator plans to use the product for general corporate purposes.

United Airlines (UAL) – United Airlines missed second-quarter earnings estimates and the carrier warned of the impact of rising jet fuel prices and a possible economic slowdown. United slipped 6.8% in the pre-market action.

Alcoa (AA) – Alcoa rose 3.9% in premarket trading after posting better-than-expected second-quarter profit as sales grew faster than costs. Alcoa also announced a $500 million share buyback program.

CSX (CSX) – CSX rose 3% in premarket trading after beating upper and lower estimates for the second quarter. The rail operator sees demand skyrocketing but is struggling to hire due to a tight labor market.

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