GE HealthCare, Ford Surge on Earnings Beats; Parsons Plummets After Guidance Cut

GE HealthCare Technologies and Ford Motor saw their shares rise sharply in premarket trading after both companies reported better-than-expected quarterly results and offered optimistic outlooks. Conversely, shares of engineering firm Parsons Corp. tumbled after a significant earnings miss driven by large contract-related charges, highlighting a mixed landscape for investors on a busy day for corporate earnings.

Industrial and Auto Giants Post Strong Results

GE HealthCare Technologies (GEHC) shares surged 12.3% in premarket activity after the medical technology firm surpassed Wall Street expectations for its second quarter. The company reported resilient demand across its business segments.

• Adjusted EPS: $1.13, beating the analyst consensus of $1.04.
• Revenue: $5.30 billion, exceeding forecasts of $5.26 billion.

Ford Motor (F) climbed 6.9% before the opening bell after posting strong second-quarter earnings and raising its full-year profit guidance for the second time this year. The automaker cited improving profitability, with adjusted earnings before interest and taxes (EBIT) rising about 17% year-over-year to $2.5 billion. Ford now expects full-year adjusted EBIT of $10 billion to $11 billion.

Guidance and Charges Weigh on Decliners

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In contrast, Parsons (PSN) slumped 19.8% after a sharp earnings miss and a reduction in its financial outlook. The engineering and defense contractor reported an adjusted EPS of $0.65, below analyst estimates, after booking more than $118 million in charges tied to contract losses and portfolio adjustments.

Other companies faced pressure from cautious forecasts. Bandwidth (BAND) plunged 20.6% after its full-year earnings guidance of $1.71 to $1.79 per share fell short of Wall Street expectations, overshadowing its quarterly beat. Procter & Gamble (PG) dropped 3.6% after its results showed a 1% decline in sales volumes and missed expectations on gross margins, raising investor concerns about pricing power.

Other Notable Premarket Movers

Several other companies saw significant moves on corporate-specific news. GlobalFoundries (GFS) rose 9.5% after announcing it signed a letter of intent with the U.S. Department of Commerce for an expected $300 million award to advance silicon photonics research and development for AI data centers.

Verra Mobility (VRRM) jumped 25% after it reached a framework agreement with Avis Budget Group on the key commercial terms for a new seven-year tolling and violations services contract.