Stocks making the biggest moves premarket: Caterpillar, Starbucks, Super Micro, Humana and more
Check out the companies making headlines before the bell. First Solar — The solar panel manufacturer tumbled 13% after First Solar posted first-quarter earnings of $1.95 per share, missing the $2.49 analysts polled by LSEG had penciled in. First Solar also guided for second-quarter and full year earnings that were below expectations. Snap — Shares tumbled 15% after the tech company declined to provide a forecast, citing macroeconomic uncertainties that could affect advertising demand. Nonetheless, Snap reported better-than-expected top-line results for the first quarter. The company posted revenue of $1.36 billion, slightly higher than the $1.35 billion expected by analysts surveyed by LSEG. Losses came in at 8 cents per share. Super Micro Computer — The server maker saw its shares plunge more than 18% following weaker-than-expected preliminary results for the fiscal third quarter, which ended on March 31. Starbucks — Shares of the coffee chain pulled back more than 9% following weaker-than-expected second-quarter results . Starbucks earned 41 cents per share, excluding items, in the second-quarter, on revenue of $8.76 billion. Analysts surveyed by LSEG were looking for earnings of 49 cents per share and revenue of $8.82 billion. Seagate Technology — The data storage stock jumped 6% after posting strong earnings for the fiscal third quarter and current-quarter guidance. Seagate earned $1.90 per share, excluding items, on $2.16 billion in revenue, while analysts surveyed by LSEG penciled in $1.74 per share on $2.12 billion of revenue. Booking Holdings — Shares of the travel platform was about flat despite a better-than-expected report for the first quarter. Booking reported $24.81 in earnings per share, excluding items, and $4.76 billion in revenue. Analysts polled by LSEG predicted just $17.33 a share and revenue at $4.59 billion. Caterpillar — The industrials equipment maker advanced 3% despite missing on both top- and bottom-lines for the first quarter. Caterpillar reported adjusted earnings of $4.25 per share on $14.25 billion in revenue. Analysts polled by LSEG had called for earnings of $4.35 per share and revenue of $14.66 billion. Despite potential headwinds from tariffs, management reaffirmed full-year revenue and operating profit, saying it would come in-line or within the previously issued annual target range. Yum Brands — Shares were flat after the restaurant company behind Taco Bell and Pizza Hut posted revenue that missed estimates . Yum Brands reported first-quarter sales of $1.79 billion, below the FactSet consensus estimate of $1.85 billion. On the other hand, adjusted earnings of $1.30 per share came in slightly above the anticipated $1.29 per share estimate. Yum China — Shares slid more than 1% after Yum China, the fast-food company spun off from Yum Brands, reported disappointing first-quarter results. Adjusted earnings of 77 cents per share topped the 79 cents per share expected by analysts polled by FactSet. Revenue of $2.98 billion came in above the estimated $3.09 billion. Etsy — Shares were slightly higher after the company posted better-than-expected revenue for the first quarter. Etsy announced $651.2 million in revenue compared with consensus estimates calling for $643 million, according to LSEG. Meanwhile, losses per share came in at 49 cents. The company said it’s “staying nimble” amidst tariff uncertainty. Oddity Tech — The beauty and tech retailer popped 16% after increasing its outlook in spite of tariffs. Oddity told CNBC it has “a lot of offsetting abilities” for tariff headwinds. For the current fiscal year, Oddity now forecasts revenues between $790 million and $798 million, up from a prior range of $776 million to $785 million. The company’s fiscal first quarter results also came in above expectations. Barclays — U.S.-traded shares of the British bank slipped around 4% following its first-quarter earnings release. Barclays reported slight beats on both its top- and bottom-lines in the first quarter, with pretax profit rising 11% on a yearly basis. Nonetheless, the bank’s sizable U.S. consumer and investment banking exposure subjects it to “fairly high market volatility” from U.S. trade policy, CEO C.S. Venkatakrishnan told CNBC on Wednesday. Humana — The health insurance stock jumped more than 5% after first-quarter earnings topped expectations. Humana reported $11.58 in adjusted earnings per share. Analysts surveyed by LSEG were looking for $10.07 per share. GE Healthcare — Shares jumped more than 4% after the health technology company reported strong first-quarter results. GE Healthcare posted adjusted earnings of $1.01 per share on revenue of $4.78 billion. Analysts were expecting earnings of 91 cents per share and revenue of $4.66 billion. The company also announced a $1 billion share buyback program. — CNBC’s Sarah Min, Lisa Kailai Han, Jesse Pound, Brian Evans and Alex Harring contributed reporting
