Check out the companies making headlines before the bell: Oracle — The software giant dropped more than 5% after The Wall Street Journal, citing people familiar, reported OpenAI recently missed its own targets for new users and revenue, raising concerns the company may not be able to support its massive AI spending. A number of other chip stocks declined on the news, including Nvidia and Advanced Micro Devices that slid more than 1% and 3%, respectively. General Motors — Shares popped more than 5% after the automaker raised its 2026 guidance and blew through first-quarter earnings expectations, with adjusted earnings of $3.70 per share, above the $2.62 expected by analysts polled by LSEG. Coca-Cola — Shares of the beverage company gained 2% after Coca-Cola reported quarterly earnings and revenue that topped analysts’ expectations, with earnings of 86 cents per share, on an adjusted basis, on revenue of $12.47 billion adjusted. Analysts polled by LSEG anticipated earnings of 81 cents per share on revenue of $12.24 billion. United Parcel Service — The shipping logistics company fell nearly 3% even after posting first-quarter results that beat on the top and bottom lines. UPS posted adjusted earnings per share of $1.07, more than the $1.02 expected, according to LSEG. Revenue of $21.2 billion exceeded the anticipated $20.99 billion. Spotify Technology — The music streaming platform fell nearly 12% after it reported weaker-than-expected operating income guidance 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 polled by FactSet. JetBlue Airways — The airline stock dipped 1% after JetBlue posted a greater-than-expected first-quarter loss of 87 cents per share, excluding items, more than the expected loss of 73 cents per share, according to FactSet consensus estimates. Revenue of $2.24 billion came in line with expectations. Sherwin-Williams — The Dow component gained 3% after the paint and coating maker reported first-quarter earnings of $2.35 per share, excluding items, on revenue of $5.67 billion. Analysts polled by LSEG had expected per-share earnings of $2.26 on revenue of $5.56 billion. Hilton Worldwide Holdings — The hospitality stock dipped nearly 2% after Hilton posted revenue of $2.94 billion, missing the LSEG consensus estimate of $2.96 billion. On the other hand, earnings of $2.01 per share, excluding items, did top the anticipated $1.97 per share. Bed Bath & Beyond — Shares surged 25% after the home goods retailer posted first-quarter revenue of $247.8 million, more than the $240.1 million expected by analysts polled by FactSet. It also posted an adjusted loss of 25 cents per share, narrower than the 28-cent loss per share expected. Rambus — The chip stock tumbled 18%. Rambus reported a first-quarter operating margin of 42%, on an adjusted basis, which was lower than the 46% reported in the year-ago period. Adjusted earnings came in at 63 cents per share, greater than the 59 cents a share a year earlier. LendingClub — Shares nearly 10% after the digital marketplace bank’s first-quarter results exceeded expectations. Net interest margin of 6.28% in the period surpassed the FactSet consensus call for 6.06%. Earnings of 44 cents and revenue of $252.3 million topped the LSEG consensus estimate of 36 cents a share and $249 million. Sanmina — Shares of the electronics manufacturing solutions company advanced more than 6% after Sanmina issued a third-quarter adjusted earnings outlook in the range from $2.55 to $2.85 per share, more than the FactSet consensus estimate of $2.53 per share. The company’s board also authorized a buyback program of up to $600 million. Cadence Design Systems — Shares dipped 1% after Cadence lowered its full-year adjusted earnings guidance to between $7.85 and $7.95 per share, compared to prior forecasts of between $8.05 and $8.15 per share. Separately, first-quarter adjusted earnings of $1.96 per share and revenue of $1.47 billion beat the LSEG consensus call for $1.90 per share in earnings and $1.45 billion in revenue. Nucor — The steel manufacturer gained 1% after posting first-quarter earnings of $3.23 per share, more than the $2.82 per share expected by analysts polled by LSEG. Nucor’s revenue of $9.50 billion also beat the expected $8.88 billion. — CNBC’s Davis Giangiulio, Lisa Kailai Han and Darla Mercado contributed reporting
Stocks making the biggest moves premarket: ORCL, GM, KO, SPOT
