Investing.com - Stocks in focus in pre-market trade Tuesday:
• Alphabet (NASDAQ:GOOGL) stock jumped 4.24% by 8:11 AM ET (12:11 GMT) after second-quarter earnings smashed expectations, allaying fears about an immediate impact from Europe’s new privacy rules.
• Harley-Davidson (NYSE:HOG) stock soared 3.76% as the firm reported second quarter results that beat on both the top and bottom lines.
• Verizon (NYSE:VZ) stock gained 2.80% as the firm reported better-than-expected earnings per share after adding more monthly subscribers than forecast.
• United Technologies (NYSE:UTX) stock dropped 0.27% despite reporting better-than-expected second quarter results and raising its 2018 sales and earnings outlook.
• 3M (NYSE:MMM) stock advanced 0.84% as the company reported better-than-expected earnings per share and raised its forecast for 2018 GAAP earnings to a range of $9.08 to $9.38 per share versus $8.68 to $9.03 previously.
• Eli Lilly (NYSE:LLY) stock rose 3.25% after the company’s second-quarter results beat consensus and it announced that it would spin off its animal health unit in an initial public offering of less than 20% of the division.
• Whirlpool (NYSE:WHR) stock tumbled 10.22% as quarterly sales and profit missed estimates and the company cut its full-year guidance.
• FCB Financial Holdings (NYSE:FCB) stock fell 2.37% after Synovus Financial announced that it would acquire the firm in an all-stock transaction valued at $58.15 per FCB share or $2.9 billion in aggregate. The offer was lower than FCB’s closing price of $59.20 on Monday. Shares in Synovus (NYSE:SNV) sank 5.30%.