Check out the companies that hit the headlines before the call:
Lowe's (LOW) - Lowe's rose 1% in the preliminary market after reporting quarterly earnings of $4.67 per share, 9 cents above forecasts. Revenue and comparable sales in stores were below analysts' forecasts, but the company predicted that full-year profit would be at the upper limit of the forecasted range.
Target (TGT) - Target fell 3.3% in preliminary trading after the retailer reported quarterly earnings of 39 cents per share, well below its consensus forecast of 72 cents. Target's earnings matched forecasts, but the company significantly lowered prices during the quarter to reduce excess inventory. Target said its operating margin of 1.2% in the second quarter would improve to about 6% in the second half of the year.
TJX (TJX) - The parent company of retail chains T.J. Maxx and Marshalls beat forecasts by 3 cents, receiving quarterly profit of 69 cents per share, but revenue and comparable sales in stores were below expectations. TJX also lowered its full-year forecast, saying inflation had weighed on its customers' buying habits and the company's shares fell 1.2% in the preliminary market.
Krispy Kreme (DNUT) - Shares of Krispy Kreme fell 14.7% in the preliminary market after the doughnut chain reported lower-than-expected profit and revenue for the second quarter. Krispy Kreme said there has been a significant slowdown in commodity price growth in recent weeks.
Manchester United (MANU) - Manchester United shares rose 4.6% in the pre market after Elon Musk tweeted that he was buying a British football team and then said he was joking.
Bed Bath & Beyond (BBBY) — Shares of Bed Bath & Beyond are up 22.8% in the pre market after rising more than 20% over the past three sessions. The retailer's shares, popular with meme stocks investors, have risen over 14 of the past 15 sessions, more than quadrupling in price during that period.
Agilent Technologies (A) - Shares of Agilent rose 6.6% in preliminary trading after the life sciences and diagnostics company reported quarterly earnings and earnings better than expected. Agilent also raised its full-year forecast thanks to a large flow of orders.
Southwest Gas (SWX) - Southwest Gas rose 4.7% in preliminary trading after investor Carl Icahn increased his stake in the utility company to 8.7% from 7.6%.
Sanofi (SNY) - Shares of Sanofi fell 5.4% in preliminary trading after the French drugmaker suspended development of a breast cancer drug amzenestrand. The shutdown occurred after tests showed no signs of efficacy of the drug.