Stocks Making The Biggest Moves: Meta, Teladoc, Harley-Davidson, Southwest Airlines, And More

Meta Platforms

 –- Shares rose 12% as Facebook's parent company outperformed Wall Street on top and bottom lines and gave upbeat guidance. Meta Platforms had its first revenue growth in over a year.

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Teladoc Health

- The telemedicine company's shares rose more than 7% as sales surpassed analyst expectations in the most recent quarter. The business also upped the low end of its sales and adjusted EBITDA expectations, after posting a larger-than-expected loss in the most recent quarter. Following Teladoc's earnings, DA Davidson cited stable results and growing confidence.

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Harley-Davidson

- Harley-Davidson rose 4.4% after exceeding profit and revenue projections, according to Refinitiv consensus estimates. HOG announced first-quarter earnings of $2.04 per share, compared to an estimate of $1.39, on $1.56 billion in revenue, which was more than the average of $1.36 billion.

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First Republic Bank

- The San Francisco-based lender gained 3% in premarket trading after falling almost 30% on Wednesday. The fall occurred while the bank sought a potential rescue agreement.

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KLA Corporation

- The semiconductor equipment company gained 3% after KLA's current fiscal third-quarter earnings above expectations on both the top and bottom lines, according to FactSet consensus forecasts. 

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Ebay

 - The e-commerce platform rose 3% after reporting first-quarter earnings and sales that were above forecasts and issuing better-than-expected guidance. EBay announced earnings of $1.11 per share, which were more than the $1.07 consensus forecast, on sales of $2.51 billion, which was higher than Wall Street's projection of $2.48 billion. 

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Eli Lilly and Company

- Shares of the Indianapolis-based pharmaceutical company surged more than 3% after it posted higher-than-expected first-quarter sales and boosted its full-year outlook on both the top and bottom lines. According to Refinitiv, Lilly earned $6.96 billion in sales, above the $6.86 billion predicted by experts. However, adjusted earnings per share were 11 cents lower than expected, at $1.62.

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Southwest Airlines

- The Dallas-based carrier's stock dropped 4% after reporting a larger-than-expected first-quarter loss as a result of its Christmas crisis, in which it canceled more than 16,000 flights in late December. Southwest reported a $325 million revenue hit from the event in the first quarter.

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Roku

- Roku's stock rose 1.8% after the company's first-quarter sales above estimates and it announced second-quarter revenue guidance that exceeded Wall Street's expectations. According to Refinitiv, the TV streaming platform's current quarter revenue was $741 million, well above the $708.5 million consensus expectation. Roku provided sales projections for the second quarter of $770 million, which was higher than analysts' consensus of $768 million. Otherwise, Roku slightly missed earnings expectations in the most recent quarter, losing $1.38 per share versus $1.37 per share expected. 

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Honeywell International

- Honeywell gained 1.8% after exceeding profits and revenue projections in the most recent quarter. The company posted first-quarter earnings of $2.07 per share ex-items, above Wall Street's estimate of $1.93, on $8.86 billion in revenue, exceeding the average of $8.52 billion.

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American Airlines

- The Fort Worth, Texas-based carrier gained 0.4% premarket after reporting first-quarter profits that were in line with forecasts, although revenue fell short. American reported first-quarter earnings of $0.05 per share ex-items, in line with Wall Street expectations, on revenues of $12.19 billion, compared to analysts' expectations of $12.20 billion.

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Merck & Co.

- The New Jersey-based pharmaceutical company gained nearly 1.5% after exceeding expectations in its most recent quarter. According to Refinitiv, Merck announced first-quarter earnings of $1.40 per share ex-items, exceeding analysts' $1.32 expectation, on revenues of $14.49 billion, exceeding the average of $13.78 billion.

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Northrop Grumman

- The defense contractor surged 1.6% as first-quarter earnings of $5.50 per share ex-items surpassed analysts' $5.09 expectation, while revenue of $9.3 billion was over the consensus of $9.173 billion, according to Refinitiv.

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Caterpillar

- The construction-equipment producer earned an adjusted $4.91 per share last quarter, up from the $3.78 projected by the Refinitiv consensus, on revenue of $15.86 billion vs $15.255 billion. Caterpillar stock fell 0.1% in early trade. 

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Bristol-Myers Squibb Company

- Bristol Myers reported earnings of $2.05 per share ex-items in the most recent quarter, above Refinitiv's projection of $1.97 per share. Revenue of $11.34 billion fell short of the $11.49 billion forecast. Premarket, the shares rose 0.1%. 

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Comcast

- Shares of the media giant surged 3.5% in premarket trade after the company reported better-than-expected profitability in the first quarter, despite losses at the Peacock streaming service and a dip in residential internet users, according to Refinitiv. 

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ServiceNow

- Shares fell 1.1% premarket after gaining 17% year to year entering its latest results. According to Refinitiv, the cloud computing service earned $2.37 per share ex-items in the most recent quarter, beating Wall Street's $2.04, on revenue of $2.10 billion vs analysts' estimate of $2.08 billion.

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