Tesla, AT&T, Ford, and More of Thursday’s Stock Market Movers

This post was originally published on this site

Stock futures are lower Thursday. Tesla earnings top analysts’ forecasts.(Photo by ED JONES/AFP via Getty Images)

Stock futures slipped Thursday as inflation and recession worries remained top of mind for investors. Attention also was on the European Central Bank, which is expected to raise interest rates for the first time in 11 years.

Here are some stocks moving in premarket trading Thursday.

Tesla (ticker: TSLA) reported second-quarter adjusted earnings of $2.27 a share, higher than analysts’ forecasts of $1.83. Earnings and sales during the period, however, fell from the first quarter. Tesla shares rose 3.4% early Thursday.

AT&T (T) reported second-quarter adjusted earnings of 65 cents a share, beating forecasts by 4 cents. The telecom giant lowered its guidance for full-year free cash flow. Shares were down 3.1%.

Ford Motor (F) plans to cut thousands of workers to give it a leg up in the race to win a bigger share of the market for electric vehicles, according to a report from Bloomberg. The stock rose 0.7%.

United Airlines (UAL) cut its plans to grow capacity next year because of ongoing challenges including higher fuel prices and systemwide operational issues. The airline still expects to be profitable in 2022 after posting a second-quarter profit of $329 million. The stock was down 6.7%.

American Airlines (AAL) reports earnings later Thursday.

Home builder D.R. Horton (DHI) reported fiscal third-quarter earnings that topped analysts’ estimates but the country’s largest home builder reduced its revenue guidance for the full year. The stock rose slightly early Thursday.

CSX ( CSX ) posted second-quarter earnings and revenue that topped analysts’ expectations. Shares of the railroad company were rising

Carnival (CCL) fell 10.9% in premarket trading after the cruise company said it plans to sell at least $1 billion in new shares.

Write to Joe Woelfel at joseph.woelfel@barrons.com