Stocks making the biggest moves premarket: Meta Platforms, Honeywell, Merck, Southwest Airlines and more

Check out the companies making headlines before the bell: Meta Platforms — The Facebook parent company plunged more than 14% after issuing lighter-than-expected second-quarter revenue guidance . However, first-quarter earnings and revenue both came above analysts' estimates. Honeywell — The industrial stock rose 2.2% in premarket trading after the company posted earnings per share of $2.25, beating LSEG analysts' estimates of $2.17. Revenue for the quarter came in at $9.

IBM's revenue of $14.46 billion missed consensus estimates of $14.55 billion, but beat on the bottom line from analysts polled by LSEG. The company said foreign exchange would create a 2 percentage point headwind to 2024 revenue growth. IBM also agreed to buy HashiCorp for $6.4 billion in enterprise value. HashiCorp shares jumped about 4.4%. Caterpillar — The construction equipment maker fell 4% after its revenues of $15.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Meta Platforms Earnings: META sinks 10% on lower Q2 revenue guidanceThis must be 'opposites' week.
Source: FXStreetNews - 🏆 14. / 72 Read more »

European stocks mixed; Euro banking sector, Meta Platforms in the spotlightEuropean stocks mixed; Euro banking sector, Meta Platforms in the spotlight
Source: Investingcom - 🏆 450. / 53 Read more »

The investment case for Meta Platforms gets stronger — and our price target is changing, tooThe Instagram and Facebook parent is pulling away from the digital-advertising pack.
Source: CNBC - 🏆 12. / 72 Read more »