Check out the companies making headlines before the bell. Microsoft — The tech giant jumped nearly 9% after beating Wall Street’s earnings and revenue expectations driven by its Azure cloud business. Microsoft issued strong guidance for the year. Meta Platforms — Shares popped 6% after the social media company reported first-quarter earnings of $6.43 on revenue of $42.31 billion. This beat analysts’ expectations of $5.28 per share on $41.40 billion in revenue, according to LSEG. On reports that Meta would be boosting its AI spending, other semiconductor stocks such as Nvidia, Marvell Technology, Broadcom and Advanced Micro Devices rose in unison. Qualcomm — Shares slipped 5% after the chipmaker forecast revenue for its current quarter that was slightly below expectations . The stock fell despite Qualcomm posting a fiscal-second quarter earnings and revenue beat, and its chip sales showing strong year-over-year growth. Align Technology — The orthodontics manufacturer climbed 8% after posting first-quarter adjusted earnings and revenue that topped FactSet consensus. Align also guided for full-year revenue growth of between 3.5% to 5.5%, which exceeded the 2.4% analysts had penciled in. CVS Health — The pharmacy retailer climbed 8% after reporting first-quarter adjusted earnings of $2.25 per share, which exceeded the $1.70 per share analysts polled by LSEG had expected. The company’s $94.59 billion revenue also topped the expected $93.64 billion. Additionally, CVS hiked its full-year earnings guidance. General Motors — The automaker popped 3% despite cutting its 2025 forecast, citing mounting pressures from President Donald Trump’s tariffs. General Motors now expects adjusted earnings before interest and taxes for the year to come in between $10 billion and $12.5 billion. Previously, it had guided for between $13.7 billion to $15.7 billion. Amazon — Shares rose 4% after the e-commerce giant announced plans to spend $4 billion by the end of 2026 in expanding its small-town delivery network in rural America. Robinhood — Shares of the financial services platform pulled jumped 4% after the company topped Wall Street’s first-quarter estimates. Robinhood earned 37 cents per share on revenue of $927 billion, while analysts polled by LSEG called for 33 cents per share in earnings on $923 million in revenue. McDonald’s — The fast food stock dipped 1% after first quarter results showed the largest decline in U.S. same-store sales since 2020. McDonald’s reported $5.96 billion in revenue, below the $6.09 expected by analysts, according to LSEG. U.S. same-store sales were down 3.6% year over year. Eli Lilly — Shares of the pharmaceutical giant slid more than 4% after Eli Lilly cut its full-year profit guidance because of charges related to a cancer treatment deal, though its first-quarter revenue and earnings beat estimates on surging demand for weight loss and diabetes drugs. The company forecasts adjusted fiscal 2025 earnings to come in between $20.78 and $22.28 per share, lower than the previous guidance of $22.50 to $24 per share. Tesla — Shares were up nearly 1% following Tesla’s denial of a Wall Street Journal report that the company’s board was seeking a replacement for CEO Elon Musk. The EV-maker’s stock shed as much as 3% overnight after the report said board members had reached out to executive search firms to start the process. Apple — Shares slipped 2% after a judge ruled that the company willfully violated a 2021 court order from the Epic Games case regarding App Store fees. Apple had lied to the court, according to the court filing, which held the company in contempt. Wayfair — Shares of the home furnishings retailer jumped more than 6% after first-quarter results beat expectations on the top and bottom lines. Wayfair reported adjusted earnings of 10 cents per share on $2.73 billion of revenue. Analysts surveyed by LSEG were looking for a loss of 22 cents per share on $2.71 billion of revenue. Wayfair’s gross profit and free cash flow metrics also improved year over year. — CNBC’s Michelle Fox, Hakyung Kim, Spencer Kimball, Sarah Min, Jesse Pound and Pia Singh contributed reporting.
