Check out the companies making headlines before the bell: Oracle — The software giant fell more than 5% after the Wall Street Journal reported, citing people familiar with the matter, that OpenAI recently missed its own targets for new users and revenue, raising concerns that it won’t be able to support massive AI spending. Many other chip stocks also fell on the news, including Nvidia and Advanced Micro Devices, which fell more than 1% and 3%, respectively. General Motors — Shares soared more than 5% after the company raised its 2026 outlook and beat first-quarter profit estimates, with adjusted earnings per share of $3.70, beating analysts’ estimates of $2.62 compiled by LSEG. Coca-Cola — The beverage company’s stock rose 2% after Coca-Cola reported quarterly earnings and revenue that beat analysts’ expectations, with earnings per share of 86 cents on an adjusted basis and adjusted revenue of $12.47 billion. Analysts polled by LSEG had expected earnings of 81 cents a share and revenue of $12.24 billion. United Parcel Service — The shipping logistics company fell nearly 3% despite reporting first-quarter results that beat revenue and bottom line. UPS reported adjusted earnings of $1.07 per share, beating expectations of $1.02, according to LSEG. Sales were $21.2 billion, exceeding expectations of $20.99 billion. Spotify Technology — The music streaming platform fell nearly 12% after the company reported a lower-than-expected operating profit outlook for the current quarter in its first-quarter earnings report. Spotify also delivered revenue in line with expectations for the first quarter, according to analysts surveyed by FactSet. JetBlue Airways — Airline shares fell 1% after JetBlue posted a better-than-expected first-quarter loss of 87 cents per share, excluding items, according to FactSet consensus estimates. This beat the expected loss of 73 cents per share. Sales were $2.24 billion, in line with expectations. Sherwin-Williams — Dow component rose 3% after the paints and coatings maker reported first-quarter non-items earnings of $2.35 per share on revenue of $5.67 billion. Analyst estimates compiled by LSEG were for earnings of $2.26 per share and revenue of $5.56 billion. Hilton Worldwide Holdings — The hospitality stock fell nearly 2% after Hilton posted revenue of $2.94 billion, but missed the LSEG consensus estimate of $2.96 billion. Meanwhile, excluding items, earnings per share were $2.01, beating estimates of $1.97. Bed Bath & Beyond — Shares rose 25% after the home goods retailer posted first-quarter sales of $247.8 million. That beat the $240.1 million expected by analysts surveyed by FactSet. The company also reported an adjusted loss of 25 cents per share, smaller than the expected loss of 28 cents per share. Rambus — Chip stocks fell 18%. Rambus reported first-quarter operating margin of 42% on an adjusted basis, which was lower than 46% in the year-ago period. Adjusted earnings were 63 cents per share, compared with 59 cents per share in the year-ago period. LendingClub — Shares rose nearly 10% after the digital marketplace bank reported better-than-expected first-quarter results. Net interest margin for the same period was 6.28%, beating the FactSet consensus call of 6.06%. Earnings of 44 cents per share and revenue of $252.3 million beat LSEG’s consensus estimates of 36 cents per share and revenue of $249 million. Sanmina — Shares of the electronics manufacturing solutions company rose more than 6% after Sanmina announced third-quarter adjusted earnings guidance in the range of $2.55 to $2.85 per share, beating the FactSet consensus estimate of $2.53 per share. The company’s board of directors also approved a repurchase program of up to $600 million. Cadence Design Systems — Shares fell 1% after Cadence lowered its full-year adjusted earnings outlook to $7.85 to $7.95 per share from the previous estimate of $8.05 to $8.15 per share. Separately, first-quarter adjusted earnings of $1.96 per share on revenue of $1.47 billion exceeded LSEG’s consensus call for earnings of $1.90 per share and revenue of $1.45 billion. Nucor — The steelmaker posted first-quarter earnings of $3.23 per share, up 1%. This beat the $2.82 per share expected by analysts surveyed by LSEG. Nucor’s sales also came in at $9.5 billion, beating expectations of $8.88 billion. — CNBC’s Davis Giangiulio, Lisa Kailai Han and Darla Mercado contributed reporting
