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Check out the companies making headlines before the bell:
Carvana — Carvana jumped 16% after the online auto retailer reached a deal with noteholders to lower its total debt outstanding by more than $1.2 billion.
Interactive Brokers — Shares slid 5% after Interactive Brokers' earnings missed estimates. The firm reported second-quarter adjusted earnings of $1.32 per share. That's lower than analysts' expectations of $1.40 per share, according to Refinitiv.
Omnicom — Omnicom dropped 6% after the global marketing company's revenue missed estimates. Omnicom posted second-quarter revenue of $3.61 billion, lower than forecasts of $3.67 billion, according to consensus estimates from FactSet. It narrowly beat earnings expectations, posting adjusted earnings of $1.81 per share, higher than the consensus estimates of $1.80 per share.
Goldman Sachs — The bank stock declined 0.3% after Goldman Sachs missed expectations in its second-quarter earnings. The company posted earnings of $3.08 a share, lower than the Refinitiv forecast of $3.18 per share. Goldman also reported revenue of $10.9 billion, which was more than the expected $10.84 billion.
Joby Aviation — The electric aircraft stock sank 6.3% in premarket trading after being downgraded by JPMorgan to underweight from neutral. The Wall Street firm said Joby's recent rally is «largely overblown» and likely the result of short covering. Shares are up 200% year to date.
Cinemark — Shares fell 3.3% after JPMorgan downgraded the movie theatre chain to neutral from overweight, citing the impact of the actors strike in Hollywood.
J.B. Hunt Transport Services — The transportation and logistics company declined 2.2% after posting disappointing quarterly results. J.B.
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