Intel, Roku and Procter&Gamble rise premarket; Chevron, Ford fall
Investing.com -- U.S. futures rose Friday, boosted by Intel's surprising profit ahead of the release of the Federal Reserve's preferred gauge of inflation.
Here are some of the biggest premarket U.S. stock movers today:
Intel (NASDAQ: INTC) stock rose 6.5% after the semiconductor chip manufacturer posted a surprise profit, saying a decline in sales of its key personal computer chips in the second quarter was not as steep as had been expected.
ExxonMobil (NYSE: XOM) stock fell 0.2% after the oil major reported lower-than-anticipated profit in the second quarter, hit by a decline in natural gas prices.
Chevron (NYSE: CVX) stock fell 0.8% after the oil company reported that its annual production forecast was near the low-end of its previously estimated range.
Procter & Gamble (NYSE: PG) stock rose 1.7% after the consumer goods giant beat quarterly sales estimates on resilient demand for its cleaning products, paper towels, and other household products.
Roku (NASDAQ: ROKU) stock soared 9.6% after the streaming device maker forecast upbeat third-quarter revenue and posted market-beating results for the second quarter on improved ad sales.
Ford (NYSE: F) stock fell 1% after the auto giant said it expects to see losses from electric vehicles hit $4.5 billion this year, up from the prior forecast of $3B, on higher costs, overshadowing better than expected second-quarter results and positive guidance.
First Solar (NASDAQ: FSLR) stock rose 11% after the manufacturer of solar panels beat second-quarter earnings expectations and announced plans to spend up to $1.1 billion on its fifth U.S. factory.
Enphase Energy (NASDAQ: ENPH) stock fell 16% after the energy technology company’s third-quarter revenue target fell well short of expectations due to weak demand.