Check out the companies making headlines before the bell:
Home Depot (HD): Home Depot reported quarterly profit of $5.05 per share, 11 cents above estimates, with revenue and comparable-store sales also beating Street forecasts. However, the number of customer transactions declined during the quarter. Home Depot swung between gains and losses in premarket trading.
Walmart (WMT) – Walmart rose 3.4% in premarket trading after reporting better-than-expected top- and bottom-line results for the second quarter. Comparable-store sales also beat estimates, and Walmart expects adjusted earnings to fall slightly less this year than previously thought.
Masimo ( MASI ): Masimo gained 2.3% in premarket action after activist investor Politan Capital Management took a 9% stake in the medtech company. Politan plans to push Masimo to take actions that will improve its stock price.
Philips (PHG) – Shares in Philips rose 2.6% in premarket trading after the Dutch health technology company announced that CEO Frans van Houten will leave the job on October 15. He will be replaced by Roy Jakobs, who currently leads the company’s Connected Care. unit
BHP ( BHP ) – BHP shares gained 3% in premarket action after the world’s biggest mining company posted its highest annual profit in 11 years. BHP’s results were boosted by higher prices for coal and other raw materials.
Ally Financial (ALLY) – Ally Financial rose 5.5% in premarket trade after Berkshire Hathaway’s latest 13F filings showed Warren Buffett’s firm tripled its stake in the online banking company during the second trimester.
Nu Holdings (NU) – Shares of Nu Holdings rose 13.5% in premarket after the Warren Buffett-backed digital banking company reported quarterly revenue that more than doubled from a year earlier.
ThredUp ( TDUP ) : ThredUp gained 3.3% in premarket trading after the online clothing resale platform reported better-than-expected quarterly revenue and a 29% increase in active buyers.
ZipRecruiter ( ZIP ) — The online employment website operator posted better-than-expected second-quarter results on continued labor market growth. However, shares fell 6.2% in premarket after the company said employers were starting to pull back job offers as the quarter wound down.