Check out the companies making headlines in premarket trading. Spotify — The music streaming stock tumbled 5% after reporting first-quarter operating income of 509 million euros, while analysts polled by FactSet had penciled in 519.9 million euros. Spotify’s 4.2 billion euro revenue was in line with estimates, while its monthly active users of 678 million was in line with prior guidance. General Motors — Stock in the U.S. automaker slipped about 2% before the opening bell. General Motors surpassed Wall Street’s first-quarter estimates on the top and bottom line, but said it would reassess its full-year outlook due to President Donald Trump’s tariffs and broader macroeconomic uncertainty. The company also said it would suspend additional stock buybacks. Hims & Hers Health — Stock in the telehealth company surged more than 39% following news that Novo Nordisk plans to offer its weight loss drug Wegovy through Hims’ platform, as well as Ro and Life MD. Royal Caribbean — The cruise operator popped 5.4% after posting a first-quarter earnings beat and raising its full-year guidance. Royal Caribbean now expects full-year adjusted earnings between $14.55 to $15.55 per share, up from its previous guidance of $14.35 to $14.65 a share. Analysts polled by FactSet were expecting guidance of $14.94 per share. The company said it had record bookings during WAVE season Deutsche Bank — Shares of the German lender advanced 3% after reporting a 39% jump in profit in the first quarter, as well as a 10% gain in net revenue for the company’s investment banking segment. Regeneron — The biotech stock dropped 7.5% after first-quarter results missed estimates on the top and bottom lines. Regeneron reported $8.22 in adjusted earnings per share on $3.03 billion in revenue. Analysts surveyed by FactSet had penciled in $8.62 per share and $3.25 billion in revenue. Regeneron also lowered its full-year guidance for gross margin. SoFi Technologies — Shares of the digital financial services company jumped nearly 6% on the back of strong first-quarter results. SoFi reported adjusted net revenue of $770.7 million, while analysts polled by FactSet had expected $739.0 million for the period. Adjusted EBITDA came out at $210.3 million, significantly higher than the $177.5 million expected by analysts. Coca-Cola — Shares rose 1% after the beverage giant posted first-quarter adjusted earnings of 73 cents per share , beating the LSEG consensus estimate of 71 cents. Coca-Cola reported adjusted revenue of $11.22 billion, exceeding the expected $11.14 billion. The company also reaffirmed its full-year outlook, saying the effects of global trade conflicts should be “manageable.” Waste Management — Shares of the waste collection and disposal company dropped 2% after first-quarter revenue came in lighter than expected. Waste Management reported $6.02 billion in revenue, below the $6.11 billion projected by analysts polled by FactSet. Pfizer — The drug maker’s shares dipped more than 1% after the firm expanded its cost-cutting efforts and reported first-quarter profit that topped estimates. Pfizer’s sales fell, however, largely due to dwindling Covid revenue. Pfizer maintained its 2025 guidance but noted it’s unable to predict the impact from tariffs at this time. Honeywell International — The manufacturing and technology stock climbed nearly 4% after better-than-expected first-quarter results. Honeywell reported earnings per share of $2.51, excluding items, on revenue of $9.82 billion. Analysts polled by FactSet forecast $2.21 per share and $9.59 billion in revenue. BP — Shares of the British oil behemoth slipped 3.4% on the heels of weaker-than-expected net profit in the first quarter , amid a broader strategic reset for the company. BP reported net profit of $1.38 in the first quarter, while analysts polled by LSEG were looking for $1.6 billion. NXP Semiconductors NV — The chip stock pulled back nearly 8% even as the company surpassed expectations on the top and bottom lines in the first quarter, while NXP announced that Rafael Sotomayor will replace Kurt Sievers as CEO. The low end of NXP’s second-quarter earnings outlook did miss consensus estimates from analysts polled by FactSet, as did the bottom end of its revenue forecast. United Parcel Service — The stock rose nearly 2% after the delivery giant reported first-quarter earnings of $1.49 per share, topping the $1.38 expected from analysts polled by LSEG. Revenue also beat expectations, coming in at $21.5 billion, versus the $21.05 billion consensus estimate. In addition, UPS said it will slash 20,000 jobs to control costs. Leggett & Platt — Shares gained more than 15% after the bedding products company reiterated its full-year outlook. Executives said the company should see a net benefit from President Donald Trump’s tariff plans, but cautioned that the duties could hit consumer confidence and discretionary demand, while also stoking inflation. Sherwin-Williams — Shares leaped 5% after the paint and coatings company reported first-quarter earnings that topped estimates, and reaffirmed its full year guidance. Sherwin-Williams posted adjusted earnings of $2.25 per share, more than the FactSet consensus estimate of $2.15 earnings per share. On the other hand, revenue of $5.31 billion fell below the anticipated $5.40 billion. — CNBC’s Lisa Han, Pia Singh, Jesse Pound, Sarah Min, Yun Li and Michelle Fox contributed reporting.
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