Take a look at the companies that made headlines before the bell:
Coca-Cola – The beverage giant outperformed a stock by an estimated 2 cents with an adjusted quarterly profit of 73 cents per share. Sales were also higher than forecast and Coca-Cola increased its full-year sales forecast as demand for some newer soft drinks and coffee rose.
Travelers – The insurance company reported adjusted quarterly earnings of $ 2.02 per share. compared to a consensus estimate of $ 2.28 per share. Sales exceeded forecasts for higher net investment income and premiums, but the insurer also posted higher weather-independent losses than in the previous year.
United Technologies ̵
Harley-Davidson – Harley-Davidson reported a quarterly profit of $ 1.23 per share, compared to a consensus-based estimate of $ 1.20. The turnover of the motorcycle manufacturer is below the estimates and reduces the prospects for motorbike shipping.
Hasbro – The toy manufacturer earned an adjusted 78 cents per share in the last quarter, well above the consensus estimate of 50 cents per share. Sales also exceeded forecasts, due in part to strong demand for toys related to Avengers: Endgame. Biogen – The drugmaker reported adjusted quarterly earnings of $ 9.15 per share, compared to a consensus estimate of $ 7.53 per share. Sales exceeded Wall Street forecasts, and the company also raised its guidance for the full year. Biogen's results were partially supported by sales growth of the multiple sclerosis drug Tecfidera.
Lockheed Martin – The arms company earned $ 5 per share, 23 cents per share, above estimates in the second quarter. Sales also exceeded forecasts, and Lockheed raised its full-year outlook given strong performance in all four divisions. Whirlpool – Whirlpool posted an adjusted quarterly profit of $ 4.01 per share, up 30 cents per share above the consensus. The equipment manufacturer's sales also exceeded estimates and Whirlpool raised its full-year forecast after prices were successfully raised to offset higher production costs.
TD Ameritrade – TD Ameritrade was 7 cents above its estimate with adjusted quarterly earnings of $ 1.04 per share. The revenues of the online broker also exceeded the forecasts. Separately, the company announced that CEO Tim Hockey will resign as soon as a successor is found.
Apple – Apple is in advanced negotiations to buy Intel's wireless-chip business, according to The Wall Street Journal. The newspaper said the deal could be reached next week and that Apple would pay around $ 1 billion. Apple turned down a comment to CNBC when asked about the story.
Starbucks – Starbucks buys a stake in restaurant technology company Eatsa and will also take a seat on the board. Eatsa had operated a number of automated cafes, but closed them and now sells its systems to other restaurant chains.
AutoNation – AutoNation appointed CFO Cheryl Miller as new CEO and replaced Carl Liebert. The country's biggest car dealership had Liebert appointed as the successor to Mike Jackson in March. However, both sides agreed that Liebert was not the right choice.
UBS – UBS posted a better-than-expected quarterly profit, with the Swiss-based bank posting its best second quarter in almost a decade. The bank saw a weakness in asset management, but a strength in the retail and corporate business.
Facebook – Facebook is expected to announce an agreement with the Federal Trade Commission on its privacy practices later this week. It has been widely reported that the agreement would involve a fine of approximately $ 5 billion and a range of data protection requirements.
Boeing – Boeing's outlook has been subsequently downgraded from "stable" to "negative" by Moody's A similar move earlier in the day by Moody's rival Fitch. Both rating agencies cited the continuing uncertainty surrounding Boeing's grounded 737 Max.