Check out the companies making headlines before the bell: Nvidia — The chipmaker led the decline in tech stocks, down about 2%, as traders cut positions in the AI giant as global trade tensions escalated following President Donald Trump’s latest tariff threats against Greenland. JB Hunt Transport Services — The transportation and logistics company fell more than 2% after reporting a year-over-year decline in fourth-quarter sales. Final Mile Services’ revenue was $206 million, below FactSet’s estimate of $213 million and down 10% due to “general soft demand and mix changes in many of the end markets we serve.” Micron — Shares fell 1.5% after the semiconductor company signed a letter of intent to acquire PowerChip Semiconductor Manufacturing Corp.’s fab in Taiwan for $1.8 billion in cash. 3M — The maker of Post-it notes and Scotch tape fell 4% after reporting its latest financial results and full-year outlook. 3M expects full-year earnings per share to be in the range of $8.50 to $8.70, compared with the FactSet consensus estimate of $8.64. Fourth-quarter results were mixed, beating profit expectations but falling short of revenue expectations. Fifth Third Bancorp — Shares rose 1% after the regional bank reported fourth-quarter earnings of $1.04 per share, beating the $1 per share estimate of analysts surveyed by FactSet. However, the company’s net interest income of $1.53 billion was lower than the $1.54 billion expected, and its net interest margin was 3.13%, in line with expectations. DR Horton — The homebuilder rose 2.9% after reporting better-than-expected first-quarter results. DR Horton earned $2.03 per share, beating analysts’ estimates of $1.93 per share polled by FactSet. Revenue was $6.89 billion, beating the consensus estimate of $6.59 billion. KeyCorp — The bank’s fourth-quarter results beat analysts’ expectations but disappointed investors, sending the stock down 3%. Revenue was $2.01 billion, beating the FactSet consensus estimate of $1.96 billion. Net interest income for the three months was $1.22 billion, beating analysts’ expectations of $1.2 billion. FASTENAL — The fastener maker fell more than 4% after reporting earnings that showed revenue and earnings were in line with expectations. Fastenal posted earnings of 26 cents per share on revenue of $2.03 billion. Analysts polled by FactSet had expected earnings of 26 cents per share and revenue of $2.04 billion. Lululemon — Sports apparel shares fell 1.8% after Semaphore reported, citing people familiar with the matter, that founder Chip Wilson is seeking to remove private equity firm Advent from its board of directors in an ongoing proxy fight. — CNBC’s Michelle Fox, Lisa Han, Liz Napolitano and Fred Imbert contributed reporting.
