BlackRock's shares rose over 4.5% after reporting adjusted earnings of $13.91 per share, surpassing the LSEG estimate of $12.59, along with revenue that also exceeded expectations. In contrast, Pentair's stock plummeted more than 14% following its preliminary second-quarter results, which indicated adjusted earnings of $1.12 per share, falling short of the $1.48 analysts anticipated.
Johnson & Johnson's shares dipped over 1% despite posting adjusted earnings of $2.90 per share and revenue of $25.31 billion, both of which beat analyst expectations. PayPal surged 19% after reports emerged that Stripe and Advent offered to acquire the company for $53 billion, valuing PayPal at $60.50 per share.
ASML's shares increased by 3% after it reported better-than-expected quarterly results and raised its full-year sales guidance, now forecasting a gross margin of 54-56%. IBM's stock rose more than 1% as it attempted to recover from a significant 25% drop the previous day due to disappointing preliminary results.
Elevance Health's stock fell 7% despite reporting revenue above consensus estimates and raising its full-year earnings guidance. M&T Bank's shares increased by 2% after reporting earnings of $5.32 per share, exceeding the FactSet consensus of $4.66 per share