UnitedHealth, Wells Fargo, Pinterest and others

Check out the companies making headlines before the bell:

UnitedHealth (UNH) – The health insurer’s stock rose 1.7% pre-market after its quarterly earnings and revenue beat forecasts, and it raised its full-year outlook. The company’s results were helped in part by a strong performance from its healthcare services unit Optum.

Wells Fargo (WFC) – The bank reported quarterly earnings of 74 cents per share, which included an equity impairment charge of 8 cents, versus a consensus estimate of 80 cents. Revenues fell short of Wall Street forecasts in the quarter. Wells Fargo’s earnings fell from a year ago as it set aside more money to cover potential bad loans, and the stock fell 1% in premarket trading.

Pinterest (PINS) – Shares of the image-sharing company soared 15.9% in premarket action after the Wall Street Journal reported that activist investor Elliot Management became a major shareholder, accumulating a stake of more than 9%.

Rio Tinto (RIO) – The mining company’s shares fell 1.7% pre-market after warning that labor shortages in Australia would impact its second-quarter profits.

BlackRock (BLK) – The asset management company earned $7.36 per share adjusted for the second quarter, missing the consensus estimate of $7.90, with earnings also falling short of expectations. Earnings were down 30% from a year ago amid turmoil in global markets that discouraged investors. BlackRock fell 1% in premarket trading.

Vertical Aerospace (EVTL) – The maker of electric vehicles for aviation saw its pre-market inventory jump 13.1% after announcing an order for 50 vehicles from European business jet operator FLYINGGROUP.

Solar stocks – Shares of solar-related companies fell pre-market after Democratic Sen. Joe Manchin said he would not support new climate change funding bills. Sunrun (RUN) fell 7.6%, SunPower (SPWR) fell 5%, SolarEdge Technologies (SEDG) lost 3.7% and First Solar (FSLR) fell 3.1%.

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