Check out the companies making the biggest moves in premarket trading: General Motors — The automaker saw its stock rise 4% after it posted $2.62 per share on revenues of $43.01 billion for the first quarter. Analysts expected $2.15 per share on revenues of $41.92 billion, per LSEG. GM also raised expectations for adjusted automotive free cash flow to between $8.5 billion and $10.5 billion, from an earlier forecast of between $8 billion and $10 billion.
Elsewhere, JetBlue lost 43 cents per share in the first quarter, smaller than the 52-cent figure predicted by Wall Street Cleveland-Cliffs — The stock slid 2% a day after the steel producer's first-quarter results fell short of analysts' expectations. Cleveland-Cliffs reported adjusted earnings of 18 cents per share on revenue of $5.2 billion. Analysts surveyed by LSEG expected earnings of 22 cents per share and revenue of $5.35 billion. SAP — U.S.