Check out the companies making headlines in premarket trading. Ford, Bristol Myers Squibb, Qualcomm, Honeywell International, Eli Lilly and more.
Several companies made headlines in premarket trading on Wednesday, driven by a mix of earnings reports and corporate announcements . Ford Motor Company saw its shares drop over 5% despite beating Wall Street's fourth-quarter earnings expectations. The automaker cited 'headwinds related to market factors' for its soft 2025 guidance. Bristol Myers Squibb pulled back nearly 6% after its full-year outlook missed analyst estimates.
The biopharmaceutical company expects full-year revenue of roughly $45.5 billion, while analysts surveyed by LSEG were looking for $47.36 billion. Qualcomm, despite reporting better-than-expected quarterly results and forward guidance, saw its semiconductor stock decline 5%. The company earned $3.41 per share on an adjusted basis on revenue of $11.67 billion, while analysts polled by LSEG forecast earnings of $2.96 per share and $10.93 billion in revenue. Honeywell International's stock slipped more than 3% after the conglomerate announced plans to split into three separate companies under pressure from activist investor Elliott Management. Additionally, it offered a 2025 forecast that was lighter than expected. Honeywell projected adjusted earnings per share of $10.10 to $10.50 per share, while analysts had penciled in $10.92 per share, according to FactSet. Eli Lilly moved 1% higher after reporting an earnings beat and revenue miss for its fourth quarter. While sales of its weight loss drug Zepbound and diabetes drug Mounjaro soared, they had lower realized prices, consistent with preliminary results released in January. Skyworks Solutions experienced a steep decline of nearly 30% after announcing the departure of its current president and CEO Liam Griffin and the appointment of Inseego executive chairman Philip Brace as his successor, effective February 17th. Despite posting first-quarter earnings ahead of analyst estimates and matching revenue estimates, the news of leadership change significantly impacted the company's stock. Arm Holdings saw its shares slip over 4% despite its third-quarter results surpassing analyst estimates on both the top and bottom line. However, the top end of its full-year revenue outlook was trimmed from its previous forecast. Arm expects full-year revenue in the range of $3.94 billion to $4.04 billion, compared with a prior outlook that called for $3.80 billion to $4.10 billion.Yum! Brands stock gained about 3% after fourth-quarter earnings came in slightly above analyst estimates. The company earned $1.61 per share, excluding items, while analysts polled by FactSet were looking for $1.60. Yum's revenue in the fourth quarter of $2.36 billion matched analyst estimates. Molina Healthcare's insurance stock was 9% lower after fourth-quarter adjusted earnings of $5.05 per share missed the forecast of $5.88 per share from analysts surveyed by FactSet. However, the company's revenue of $10.5 billion was above the expected $10.28 billion. Helmerich & Payne saw its shares drop 5% after posting fiscal first-quarter revenue of $677.3 million, weaker than the FactSet consensus estimate of $692.6 million. On the other hand, the oil and gas drilling company posted adjusted earnings of 71 cents per share, topping the expected 68 cents earnings per share. Peloton shares advanced more than 15% after reporting better-than-expected revenue in the second quarter. Peloton reported revenue of $674 million, while analysts polled by LSEG were looking for $654 million. The exercise equipment company also upped its full-year earnings guidance, and edged closer to turning a profit. Roblox, the video game company, saw its stock fall 20% after fourth-quarter bookings of $1.36 billion came in below expectations of $1.37 billion, according to FactSet. The company also reported 85.3 million daily active users, below the 88.2 million expected, according to StreetAccount. For 2025, Roblox expects bookings to be between $5.2 billion and $5.3 billion.
BUSINESS NEWS MARKET MOVERS EARNINGS REPORTS CORPORATE ANNOUNCEMENTS FORD QUALCOMM HONEYWELL ELI LILLY STOCK MARKET PREMARKET TRADING BRISTOL MYERS SQUIBB
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