Breakfast cereal giant Kellogg Co (NYSE:K) added nearly 1% in pre-market as its second quarter revenue beat expectations.
Sales were $3.19bn for the three months to end June, down from $3.27bn but ahead of consensus of $3.15bn.
Meanwhile, net income was $282.0 million, up from $280.0 million for the same period last year.
In the regular session, shares gained over 4% to $70.38 each.
Chesapeake Energy Corp (NYSE:CHK) added over 4% to $4.82 in pre-market as the oil major beat profit and revenue estimates for its second quarter. Later they lost 0.97% to $4.58.
"Our assets continue to deliver improving well results due to longer laterals and enhanced completion techniques, with a new record operated well in the Marcellus being a prime example of this," said chief executive Doug Lawler.
Shares in the firm though have fallen 37% in 2017 so far.
Chesapeake Enery Q2 17 Earnings Results:
-Adj EPS: $0.18 (Estimate $0.14)
-Revenue: $2.28B (Estimate $2.30B)
— LiveSquawk (@LiveSquawk) 3 August 2017
In focus in pre-market ahead of another big day for earnings was Wyndham Worldwide (NYSE:WYN), which were up almost 5% in after hours trading after the company announced it would spin off its hotel business.
Sierra Wireless Inc (NASDAQ:SWIR) tanked over 7% to $27.30 as it reported second quarter adjusted earnings of $0.30 per share on sales of $173.5mln and announced plans to buy Internet of Things (IoT) firm Numerex for $29.65 per share.
The deal is worth around US$107mln based on Sierra Wireless’ closing stock price on August 1 this year of US$29.65 per share, and represents a premium of 17.5% to Numerex’s average share price for the 20 trading days prior.
Later, Sierra tanked over 18% to $24.10 each.