Stocks making the biggest moves premarket: Altria, Bristol-Myers Squibb, Generac, Apple and more

– The maker of home and commercial generators reported adjusted quarterly profit of $1.43 per share, 10 cents above estimates, with revenue also beating Wall Street forecasts. Generac said rolling power blackouts in California are among the key factors boosting demand for its generators. – The cosmetics company reported adjusted quarterly earnings of $1.67 per share, 7 cents above estimates, with revenue also beating forecasts on strong results from the company's skin care unit.

Marathon Petroleum – Marathon announced its intention to spin off its Speedway gasoline station chain into a separate, publicly traded company. Activist investor Elliott Management had been calling for a Speedway spin-off, among other moves to enhance shareholder value. Clorox – The household products maker beat estimates by 5 cents with quarterly earnings of $1.59 per share, though revenue was slightly below forecasts. Clorox said it is still working through challenges in its bags and wraps efforts and its charcoal business, but it is growing volume and margins in three of its four business segments.

Dunkin' Brands – The restaurant chain operator earned an adjusted 90 cents per share for its latest quarter, 9 cents above estimates, although revenue was below forecasts. U.S. sales were helped by strong demand for Dunkin's premium beverages like espresso and cold brew.

Source: News Formal (newsformal.com)

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