Investing.com -- US stock futures steadied Thursday, as investors focused on more corporate earnings ahead of key payrolls data at the end of the week.
Here are some of the biggest premarket US stock movers today:
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Ford (NYSE:F) stock fell 5.5% after the auto giant forecast weaker annual profit at a time when the threat of US tariffs on Canada and Mexico, which have been temporarily paused, continues to stoke uncertainty.
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Qualcomm (NASDAQ:QCOM) stock slid 4.1% after the semiconductor company forecast no revenue growth for its lucrative patent licensing business in 2025 after its license with China’s Huawei expired. The segment was expected to represent another leg of growth for the company.
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Arm Holdings (NASDAQ:ARM) stock fell 3.7% after the chip designer’s earnings outlook for the current quarter was in line with expectations, denting hopes that AI demand will spur outsized sales.
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Eli Lilly (NYSE:LLY) stock rose 0.7% after the drugmaker posted a surge in fourth-quarter revenue thanks in part to a spike in demand for its obesity treatment Zepbound.
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Bristol Myers (NYSE:BMY) stock fell 4.5% after the drugmaker’s guidance for 2025 missed expectations, with its cancer treatment Revlimid generating $1.34 billion in revenue, down 7.7% from the previous year.
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Under Armour (NYSE:UAA) (NYSE:UA) stock soared 8.3% after the sportswear retailer raised its forecast for annual profit, as its efforts to dial down on discounts coupled with easing product and freight costs bolstered its margins.
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Philip Morris (NYSE:PM) stock rose 7.7% after the tobacco giant reported better-than-expected fourth-quarter revenue, boosted by strong smoke-free product growth.
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Hershey (NYSE:HSY) stock rose 3.5% after the chocolate maker reported fourth-quarter earnings that surpassed expectations, but warned of significant pressure on 2025 earnings due to surging cocoa prices.
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Yum! Brands (NYSE:YUM) stock rose 2.9% after the fast food holding company surpassed estimates for fourth-quarter comparable sales, as value offerings from Taco Bell attracted budget-conscious US consumers to the popular Tex-Mex chain.
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Tapestry (NYSE:TPR) stock soared 16% after the fashion holding company raised its 2025 guidance and reported better-than-expected second-quarter results.
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Kenvue (NYSE:KVUE) stock fell 1.4% after the consumer health company reported fourth-quarter earnings and revenue that fell short of expectations, while providing a cautious outlook for 2025.
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Canada Goose (TSX:GOOS) (NYSE:GOOS) stock fell 4% after the winter wear retailer missed estimates for quarterly revenue, signaling choppy sales in key luxury goods market China.