Stocks making the biggest moves premarket: Travelers, Halliburton, IBM, PPG & more

SourceCNBC
SectorTourism
CountryGulf

– The insurance company earned $3.45 per share for its second quarter, easily beating the consensus estimate of $2.39. Revenue also topped forecasts, with Travelers benefiting from higher premiums, improved investment returns and lower catastrophe losses. – Nasdaq shares rose 1% in the premarket after the exchange operator announced plans to spin out its Nasdaq Private Market, its platform for private company shares, into a separate company. It will do so in partnership with a group of banks including , and . – Halliburton jumped more than 2% in premarket trading, after beating estimates by 3 cents with quarterly earnings of 26 cents per share. The oilfield services company posted its second straight quarterly profit as rebounding oil prices boosted demand. – IBM beat estimates by 4 cents with adjusted of $2.33 per share, while revenue beat estimates as well. IBM’s revenue increase of 3.4% from year-earlier levels was its strongest in 3 years, helped by IBM’s cloud and software businesses. IBM jumped roughly 3.5% in premarket action.

– PPG earned an adjusted $1.94 per share for its latest quarter, falling short of the $2.19 consensus estimate, though the paint and coatings maker did see revenue slightly above Wall Street

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