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.

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