CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
The growth in net interest income, a main engine of the industry's profit, looks to slow to a halt in the back half of this year.Banksread more
Amazon also said that on Monday and Tuesday it sold more Amazon devices — like the Echo Dot, the Fire TV Stick and Alexa Voice Remote — over a two-day period than it ever has...Retailread more
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If the S&P 500 climbs another 4%, it will have doubled the peak reached in the previous bull market, Michael Santoli notes.Trading Nationread more
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Netflix reports earnings Wednesday as it loses licensed shows to rivals launching their own streaming services.Technologyread more
Hedge fund manager Kyle Bass reportedly thinks that U.S. interest rates will plummet toward zero in 2020 as the economy heads for recession.Hedge Fundsread more
Shares of beauty and wellness products company Nu Skin tanked on Wednesday after the company said China's crackdown on health products is weighing on sales.Investingread more
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Check out which companies are making headlines before the bell:
Ford Motor — The automaker missed estimates by eight cents a share, with adjusted second quarter profit of 52 cents per share. Revenue beat forecasts. Higher incentive costs helped lead to lower-than-expected profit margins, impacting the bottom line.
Dow Chemical — The chemical maker reported adjusted quarterly profit of 95 cents per share, beating estimates by 10 cents a share. Revenue also came in above forecasts, and Dow's bottom line was helped by a jump in profit margins that was spurred by cost cuts.
Colgate-Palmolive — The consumer products maker beat estimates by a penny a share, with adjusted quarterly profit of 70 cents per share. Revenue was very slightly shy of Street estimates. The company said it is pleased with its organic sales growth and overall performance, especially in light of challenging macroeconomic conditions.
Raytheon — The defense contractor's quarterly profit of $2.38 per share was well above estimates of $1.74 a share. Revenue topped estimates, as well. The company also raised its full-year forecast, the latest of the government contractors to forecast an improved outlook.
ConocoPhillips — The oil giant's second-quarter loss was wider than forecast. Conoco also lowered its 2016 capital spending forecast amid continued lower oil prices.
Hershey — The chocolate maker came in seven cents a share above estimates, with quarterly profit of 85 cents per share. Revenue beat forecasts, as well. The quarter also featured Hershey's first quarterly sales rise in a year.
Harley-Davidson — The motorcycle maker earned $1.55 per share for its latest quarter, beating estimates by two cents a share. Revenue was very slightly above estimates. Harley also lowered its full-year shipment forecast, as sales slowed in the key U.S. market.
Facebook — The social media giant beat estimates by 15 cents a share, with adjusted quarterly profit of 82 cents per share. Revenue also beat forecasts. Facebook also reported more than 1.7 billion monthly active users and its shares are poised to hit an all-time high.
Whole Foods — Whole Foods matched estimates with profit of 37 cents per share, with revenue slightly below analysts' forecasts. The grocery chain saw comparable-store sales drop 2.6 percent, more than expected, and is on track for its first yearly drop in same-store sales since 2009.
Alere — Alere received a Justice Department subpoena seeking Medicare and Medicaid billing records over the past six years. The stock initially got hit hard in after-market trading when word of the subpoena got out, but recovered strongly after the diagnostic testing company issued a statement and said it was fully cooperating and that it did not believe matters related to the subpoena were material.
Amgen — Amgen reported adjusted quarterly profit of $2.84 per share, ten cents a share above estimates. Revenue came in above forecasts, as well. The biotech company also raised its full-year outlook on stronger sales of rheumatoid arthritis drug Enbrel and other medicines.
GoPro — GoPro lost an adjusted 52 cents per share for its latest quarter, six cents a share wider than estimates. Revenue did beat Street forecasts. The maker of high definition cameras also reaffirmed its prior full-year forecast despite waning demand for its products.
Groupon — Groupon posted a quarterly loss of one cent per share, smaller than the two cent loss expected by Wall Street. The daily deals company also saw revenue beat forecasts, and it increased its 2016 revenue and earnings forecasts as it adds new customers.
Cheesecake Factory — Cheesecake Factory reported quarterly profit of 78 cents per share, seven cents a share above estimates. The restaurant chain's revenue missed forecasts, however, as same-store sales grew by a lower-than-expected 0.3 percent. Cheesecake Factory did announce a 20 percent dividend increase to 24 cents per share and expanded its share repurchase authorization.
Marriott — Marriott earned an adjusted $1.03 per share for the second quarter, five cents a share above estimates. The hotel chain's revenue matched forecasts. Marriott said slower economic growth impacted its results, but that it is still seeing solid demand in both the leisure and business segments.
Alcoa — Alcoa announced a one-for-three reverse stock split, pending shareholder approval at a special meeting called for October 5. The move comes ahead of Alcoa's plan to split into two separate companies.
AstraZeneca — The drugmaker saw second-quarter profit drop by almost a third, as generic competition weighed on sales of its best-selling Crestor cholesterol treatment.
Diageo — Diageo reported a drop in annual profit due to currency volatility, but the maker of Smirnoff vodka and other spirits brand said business was rebounding strongly in the second half of its fiscal year and that it expects this to continue into the new year.
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