Stocks Making the Biggest Premarket Moves: Meta Platforms, Honeywell, Merck, Southwest Airlines and More

Before trading begins, keep an eye on the notable movements from various companies:

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Meta Platforms, the parent company of Facebook, experienced a significant drop of over 14% due to its second-quarter revenue forecast falling short of expectations. However, its first-quarter earnings and revenue exceeded analysts' predictions.

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Honeywell, a leading industrial stock, saw a 2.2% increase in premarket trading following its report of earnings per share at $2.25, surpassing analysts' estimates. Revenue for the quarter also exceeded expectations.

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Merck, a pharmaceutical giant, observed a 2.1% rise as it reported stronger-than-expected earnings for the first quarter. Merck's earnings per share and revenue exceeded analyst forecasts.

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Southwest Airlines witnessed a nearly 9% decline in shares after missing both revenue and earnings expectations for the quarter. The airline attributed this to adjusted losses per share wider than anticipated, coupled with lower-than-expected revenue. Additionally, Southwest warned of growth pressures due to Boeing's airplane delays extending into 2025.

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American Airlines, despite a wider-than-expected first-quarter loss, saw its shares increase by about 6%. The airline's optimistic outlook for the second quarter, with expected earnings per share above average consensus estimates, contributed to the positive market response.

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Chipotle Mexican Grill experienced a 3% increase in its shares after surpassing Wall Street's first-quarter estimates, particularly in same-store sales.

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International Business Machines (IBM) faced an 8.5% decline in shares following a disappointing first-quarter revenue report. While revenue fell short of consensus estimates, IBM's bottom line beat analyst expectations. The company also announced its acquisition of HashiCorp for $6.4 billion, with HashiCorp shares responding positively.

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Caterpillar, a construction equipment maker, saw a 4% drop after reporting revenue below analysts' estimates for the most recent quarter, despite earnings per share exceeding expectations.

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Deutsche Bank's U.S.-traded shares rose by 6% as both revenue and profit exceeded expectations, driven by a recovery in its investment banking segment.

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Comcast experienced a 0.5% decline in shares despite reporting better-than-expected first-quarter results. The decrease was attributed to a decline in broadband subscribers, although revenue growth was supported by rate increases.

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Align Technology, an orthodontics company, saw a 5.1% increase in shares after surpassing analysts' expectations for the first quarter. Both adjusted earnings per share and revenue exceeded analyst forecasts.

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ServiceNow, a workflow management company, observed a 4% decrease in shares despite narrowly beating analysts' revenue expectations in the first quarter. While revenue slightly exceeded forecasts, adjusted earnings surpassed estimates as well.

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