Procter & Gamble, CSX, and PPG

Check out the companies making headlines before the bell:

Procter & Gamble Company — Shares rose about 1.5% in the pre-market after the consumer goods giant’s earnings and fiscal third-quarter revenue beat Wall Street expectations. Procter & Gamble also boosted its forecast for organic sales growth for fiscal 2023 to 6% from its previous forecast of 4% to 5%.

CSX Corporation – Shares rose 2.4% after CSX Corporation’s first-quarter results beat expectations. The carrier posted 48 cents per share on revenue of $3.71 billion. Analysts surveyed by Refinitiv expected earnings of 43 cents per share on revenue of $3.58 billion.

WR Berkley — Shares of the commercial lines insurer fell 3% after publishing net earned premiums of $2.49 billion in the first quarter. That’s less than the $2.53 billion that analysts had expected, according to consensus forecasts from FactSet. The company also reported operating earnings per share of $1, down from $1.10 per share a year ago.

PPG Industries – Shares rose 0.8% in the primary market after PPG Industries posted better-than-expected guidance for the second quarter. The coating manufacturer expects adjusted earnings to be $2.05 to $2.15 per share, better than analyst estimates of $1.96 per share.

ContextLogic Shares of ContextLogic advanced 16% in initial trading following the online e-commerce platform announce $50 million stock repurchase program.

Financial Districts Shares rose 0.6% after the company reported mixed quarterly results. The regional bank reported earnings per share that missed estimates, while revenue remained in line with expectations, according to consensus forecasts from Refinitiv. However, it reported net interest income of $1.42 billion, which is larger than a consensus estimate of $1.4 billion from FactSet.

Schlumberger NV — Energy stocks fell 0.6% even after the driller beat first-quarter expectations for top and bottom lines. The company reported adjusted earnings of 63 cents per share on revenue of $7.74 billion. That’s more than the consensus forecast for earnings per share of 60 cents on revenue of $7.44 billion, according to Refinitiv.

Freeport-McMoRan – Shares of the miner fell 1.1% in the primary market ahead of Freeport-McMoran conference call Discuss its latest quarterly results.

AT&T – Telecommunications stock rose 0.8% after HSBC upgraded AT&T to a buy rating. The Wall Street firm is recommending that investors buy shares of the telecommunications giant, which fell sharply the previous day on the back of lost revenue.

Philip Morris International – The stock rose 0.3% after Goldman Sachs said it remains bullish on Philip Morris International even after a sharp drop in earnings on tobacco shares. The company has a repeat buy rating.

— CNBC’s Michelle Fox contributed to reporting