Investing.com - Stocks in focus in pre-market trade Wednesday:
• General Motors (NYSE:GM) stock sank 5.27% by 8:02 AM ET (12:02 GMT) after second-quarter revenue missed consensus and the automaker warned of continued headwinds in the second half of 2018.
• Boeing (NYSE:BA) stock slumped 3.13% as the company’s second-quarter earnings per share missed by a penny.
• AT&T (NYSE:T) stock fell 1.10% as the company reported second quarter results. Although the numbers beat estimates, analysts focused on declining service and organic revenues.
• Coca-Cola (NYSE:KO) stock rose 0.75% as the company produced better-than-expected second-quarter results, driven by Diet Coke sales.
• United Parcel Service (NYSE:UPS) stock fell 0.63% despite reporting second-quarter results that beat on both the top and bottom lines. UPS reaffirmed its forecast for 2018 adjusted diluted earnings per share in a range of $7.03 to $7.37, placing the midpoint of $7.20 below the Factset consensus for $7.25.
• IRobot (NASDAQ:IRBT) stock skyrocketed 17.85% as a 24% surge in second-quarter revenue helped the company to beat analysts’ expectations and lift its forecast for 2018 earnings per share.
• Stryker (NYSE:SYK) stock slid 1.80% despite better-than-expected second-quarter earnings as the company forecast third-quarter diluted earnings per share of $1.65 to $1.70, compared to expectations for $1.70.