Eli Lilly's stock fell 3.6% in the premarket after it missed estimates with its quarterly results and cut its full-year forecast. Cigna reported better-than-expected profit and revenue for the second quarter. The insurance company was helped by lower costs resulting from a slow rebound in non-urgent medical procedures.

Restaurant Brands (QSR) beat top- and bottom-line estimates for its latest quarter. Cigna rose 2.6% in premarket trading. Paramount Global (PARA) fell 4% in the premarket despite better-than-expected quarterly results.

Shake Shack shares slid 5.7% in the premarket despite avoiding an expected loss with a breakeven quarter on an adjusted basis. Booking Holdings reported better-than-expected quarterly profit, but revenue missed forecasts and the company said travel difficulties like flight cancellations cut into its July growth.

Clorox shares slid 5.9% in premarket trading as higher costs offset price hikes. Booking Holdings fell 3.1% in the premarket. Toyota Motor (TM) reported a 42% drop in profit from a year ago for its latest quarter.
Posted by BI bizpoke
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