Check out the companies that make headlines before the bell. Microsoft – The tech giant has grown almost 9% after shattering Wall Street revenue and revenue expectations driven by Azure Cloud Business. Microsoft issued strong guidance that year. Metaplatform – The stock went 6% after the social media company reported first-quarter revenue of $6.43 with revenue of $423.1 billion. According to LSEG, this beat analysts’ $5.28 per share forecast with revenue of $41.4 billion. Reports that Meta will increase AI spending have led to other semiconductor stocks rising at once, including Nvidia, Marvell Technology, Broadcom and Advanced Micro Devices. Qualcomm – Stocks slipped 5% after chipmakers forecast earnings this quarter. This was slightly below expectations. Qualcomm posted quarterly revenue and revenue beats, and despite increasing its chip sales year-over-year, the stock price fell. Align Technology – Correctional Makers rose 8% after listing first quarter adjusted revenue and revenue above the fact set consensus. Also, Align, which leads to full-year revenue growth of 3.5% to 5.5%, has remained with 2.4% of analysts in pencil. CVS Health – Pharmacy retailers rose 8% after reporting $2.25 per share. The company’s revenues of $945.9 billion also exceeded the expected $93.64 billion. Additionally, CVS hiked year-round revenue guidance. General Motors – Despite cutting forecasts for 2025, the automaker has scored 3% despite citing pressure from President Donald Trump’s tariffs. General Motors currently expects to come between $10 billion and $12.5 billion with revenue adjusted prior to annual interest and taxes. Previously, it was led between $13.7 billion and $15.7 billion. Amazon – Shares rose 4% after the e-commerce giant announced plans to spend $4 billion by the end of 2026 in expanding its rural Komachi distribution network. Stock in the Robinhood – Financial Services platform rose 4% after the company surpassed Wall Street’s first quarter estimate. Robinhood won 37 cents per share with $927 billion in revenue, while analysts voted by LSEG demanded 33 cents per share with $923 million in revenue. McDonald’s – Fast food stocks fell 1% after the first quarter results showed the biggest decline in the same US store sales since 2020. McDonald’s reported revenue of $5.96 billion. Sales in the same US store fell 3.6% year-on-year. Eli Lilly – The drug giant’s stock slides over 4% after Eli Lilly cut its full-year profit guidance due to fees related to cancer treatment contracts, but first-quarter revenue and revenue beating estimates about a surge in demand for weight loss and diabetes drugs. The company will be lower than the guidance of $22.50 to $24 per share, adjusted for earnings for fiscal year 2025, between $20.78 and $22.28 per share. Tesla – Stocks rose almost 1% following Tesla’s denial in the Wall Street Journal Report that its board of directors wanted to replace CEO Elon Musk. EV maker inventory dropped by up to 3% overnight after the report said board members had contacted executive search companies to begin the process. Apple – Shares fell 2% after the judge ruled that he intentionally violated a 2021 court order from Epic Games case regarding App Store fees. According to court filings, Apple had lied to the court. WAYFAIR – Furniture retailer stock jumped over 6% after first quarter results beat top-line and bottom-line expectations. Wayfair reported an adjusted earnings of 10 cents per share with revenues of $2.73 billion. Analysts surveyed by LSEG were looking for a loss of 22 cents per share with revenues of $27.1 billion. Wayfair’s gross profit and free cash flow metrics have also improved year by year. – Reported by CNBC’s Michelle Fox, Hakyung Kim, Spencer Kimball, Sarah Min, Jesse Pound and Pia Shin.
Stock localities making the biggest move: MSFT, CVS, META, QCOM
