Investing.com -- U.S. stock futures fell Thursday, retreating after recent gains with investors looking through a deluge of quarterly corporate earnings.
Here are some of the biggest premarket U.S. stock movers today:
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IBM (NYSE:IBM) stock fell 6.7% after the tech giant posted better-than-anticipated earnings and revenue for the first quarter, but maintained its full-year guidance.
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Southwest Airlines (NYSE:LUV) stock fell 4% after the carrier said it plans to cut its schedule in the second half of this year and pulled its guidance for earnings before interest and taxes in 2025 and 2026.
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Hasbro (NASDAQ:HAS) stock rose 7.8% after the toymaker reported first-quarter revenue that beat expectations, helped by strength in its digital gaming segment.
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Chipotle (NYSE:CMG) stock fell 3.7% after the Mexican food chain missed first-quarter revenue estimates with same-store sales declining for the first time since 2020. It also lowered the top end of its outlook for full-year same-store sales growth.
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Texas Instruments (NASDAQ:TXN) stock soared 8.4% after the semiconductor manufacturer reported first quarter earnings that exceeded expectations and provided an optimistic outlook for the second quarter.
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PepsiCo (NASDAQ:PEP) stock fell 0.6% after the soft drinks giant cut its annual core profit forecast, as it grapples with disruptions to its supply chain.
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Merck (NSE:PROR) stock rose 1.3% after the drugmaker said its first-quarter adjusted profit rose as lower costs helped offset a decline in sales, reflecting a January decision to pause shipments of its Gardasil vaccine to China due to a downturn in demand.
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PG&E (NYSE:PCG) stock fell 1.9% after the natural gas and electricity company reported first-quarter results that fell slightly short of expectations, while reiterating its full-year outlook.
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ServiceNow (NYSE:NOW) stock leapt 9% after the software firm beat first-quarter profit estimates, with subscription revenues of $3,005 million, representing 19% year‑over‑year growth.
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Dow (NYSE:DOW) stock rose 2.1% after the chemicals firm posted a surprise profit on an adjusted basis, even as it was hurt by lower prices and higher energy and feedstock costs.