Check out the companies making the biggest moves in pre-market trading: Metaplatform — Facebook’s parent company fell 9% after the company raised its full-year capital spending outlook to a range of $125 billion to $145 billion, raising concerns about AI spending. The forecast overshadowed a better-than-expected first-quarter report. Eli Lilly — The maker of Zepbound and Mounjaro’s first-quarter earnings and revenue beat analysts’ expectations, sending its stock up nearly 8%. Eli Lilly also raised its full-year sales forecast to $82 billion to $85 billion, from its previous estimate of $80 billion to $83 billion. Alphabet — Shares soared 7.4% after the tech giant posted first-quarter sales of $109.9 billion, beating the $107.2 billion expected by analysts surveyed by LSEG. Last quarter, Google Cloud revenue was $20.02 billion, up 63% year-over-year, with analysts praising it for $18.05 billion per StreetAccount. Microsoft — The Magnificent Seven’s stock price fell nearly 2%. Microsoft reported fiscal third-quarter capital expenditures and finance leases of $31.9 billion, which was below the $34.9 billion consensus of analysts surveyed by Visible Alpha. However, the company beat last quarter’s profits and sales. Royal Caribbean — The cruise line soared 7% after its latest financial results. Royal Caribbean’s first-quarter adjusted earnings were $3.60 per share, beating analysts’ estimates of $3.20 per share polled by FactSet. Revenue was $4.45 billion, slightly below the consensus estimate of $4.46. The company also lowered the upper end of its full-year EPS outlook. Caterpillar — Shares soared 4.5% after the company reported strong results in both sales and bottom line results in the first quarter. Caterpillar reported adjusted earnings per share of $5.54 and revenue of $17.42 billion. Analysts had expected EPS of $4.62 and revenue of $16.61 billion. Amazon — Shares rose 3% after the company reported better-than-expected first-quarter results. The online retailer and cloud giant reported earnings of $2.78 per share and revenue of $181.52 billion, compared to expectations for earnings of $1.64 per share and revenue of $177.3 billion, according to LSEG. Merck — The pharmaceutical giant rose 3.4% after reporting better-than-expected first-quarter results thanks to strong demand for its cancer immunotherapy Keytruda. Merck had an adjusted loss of $1.28 per share, compared to the LSEG consensus for an adjusted loss of $1.51 per share. Revenue of $16.29 billion exceeded analysts’ expectations of $15.82 billion. Qualcomm — The chipmaker soared 11% after better-than-expected adjusted profits. Second quarter earnings were $2.65 per adjusted share. By comparison, the consensus for LSEG was $2.56 per share. Stellantis — The auto giant’s U.S.-listed shares fell 5%. The Jeep maker reported better-than-expected first-quarter adjusted operating profit at three times expectations, but one analyst called the results “messy” and pointed to “significant moving parts” related to reserves and tariffs. Carvana — The online used car market is up more than 10%. Carvana said it expects retail sales and adjusted EBITDA to increase “sequentially” in the second quarter, setting records for the company in both metrics. First-quarter retail sales were 187,393 compared to the StreetAccount consensus estimate of 182,394. Ford Motor — The automaker fell 5%. Ford has raised its 2026 outlook, calling for adjusted earnings before interest and taxes of $8.5 billion to $10.5 billion. First-quarter revenue was $39.82 billion, also beating LSEG’s consensus estimate of $38.82 billion. KLA Corp — The wafer fabrication equipment maker fell 5%. KLA’s fourth-quarter guidance failed to impress Wall Street, as the company was looking for adjusted earnings of $8.87 to $10.87 per share, compared to the LSEG consensus of $9.80 per share. Revenue is expected to reach $3.575 billion at the midpoint, compared to the Street’s forecast of $3.536 billion. Chipotle Mexican Grill — The burrito chain’s stock rose more than 4% after Chipotle posted a 0.5% increase in same-store sales in the first quarter. Analysts had expected the main index to fall 0.7% during the period, according to FactSet. Sprouts Farmers Market — The gourmet grocery chain rose 3% after first-quarter profit and sales beat FactSet estimates. Sprouts also raised its full-year 2026 earnings guidance to a range of $5.32 to $5.48 per share, above its previous guidance of $5.28 to $5.44 per share. Teladoc Health — Shares fell nearly 9% after the telemedicine and virtual healthcare company posted a loss of 36 cents per share. That beat the 34 cent loss expected by analysts surveyed by FactSet. However, the company posted higher sales in the first quarter. Equinix — Data center stock fell about 5%. Equinix upgraded its forecast for 2026, but analysts had expected stronger growth. The company expects sales to be between $10.144 billion and $10.244 billion this year, up from its previous forecast of $10.123 billion to $10.223 billion. However, the analyst consensus was near the high end of that range, according to FactSet. Equinix now expects adjusted funds from operations to be in the range of $42.31 to $43.11 per share, down from previous expectations of $41.93 to $42.74. Analysts’ average estimate was $42.52 per share. Wyndham Hotels & Resorts — Hospitality stocks rose more than 2% after Wyndham reported first-quarter adjusted earnings of 96 cents per share on revenue of $327 million. Analysts surveyed by FactSet had expected earnings of 86 cents a share and revenue of $322 million. Carrier Global — Shares rose 4% on Carrier Global’s first-quarter sales and bottom line growth. The company reported adjusted earnings of 57 cents, compared with the 51 cents expected by analysts surveyed by FactSet. Revenue came in at $5.34 billion, compared to the consensus estimate of $5.01 billion. —CNBC’s Lisa Han, Christina Cheddar Burke, Davis Giangiulio, Alex Harring, Fred Imbert and Darla Mercado contributed reporting.
