In a day marked by significant market activity, several major companies experienced notable stock movements in premarket trading. Helmerich & Payne shares dropped 5% after missing revenue expectations. Bristol Myers Squibb also faced challenges, with its shares pulling back nearly 6% following a full-year outlook that fell short of Wall Street estimates. Skyworks Solutions encountered an even more dramatic decline, with shares plummeting nearly 30% amid news of a CEO change. Meanwhile, Qualcomm shares declined 5%, despite posting better-than-expected quarterly results.
Ford shares saw a drop of more than 5% in premarket trading. This decline followed the automaker's issuance of soft guidance for 2025, although it had surpassed Wall Street's expectations for the fourth quarter. Yum Brands reported fourth-quarter revenue of $2.36 billion, aligning with analyst predictions. Despite surpassing analyst estimates on both the top and bottom line, Arm Holdings shares slipped more than 4%.
Roblox shares took a significant hit, falling 20% after its fourth-quarter bookings failed to meet expectations. Molina Healthcare shares were also down 9%, attributed to a miss on fourth-quarter adjusted earnings forecasts. On a brighter note, Eli Lilly shares moved 1% higher, buoyed by an earnings beat, though revenue fell short of expectations. Peloton shares surged over 15%, following better-than-expected revenue reports.
Honeywell International shares slipped more than 3% upon announcing its decision to split into three separate companies. Qualcomm's earnings report revealed an adjusted earnings per share of $3.41 on revenue totaling $11.67 billion. In contrast, Arm Holdings forecasted full-year revenue in the range of $3.94 billion to $4.04 billion.
Helmerich & Payne's share decline came as a result of weaker-than-anticipated revenue figures, raising concerns among investors about the company's financial performance. Bristol Myers Squibb's nearly 6% pullback highlighted investor disappointment with its full-year outlook, which missed Wall Street's expectations.
Skyworks Solutions' nearly 30% drop was driven by the announcement of a CEO change, prompting uncertainty among investors regarding the company's future direction. In contrast, Qualcomm's 5% decline occurred despite reporting strong quarterly results, including adjusted earnings per share of $3.41 and revenue totaling $11.67 billion.
Ford's share drop followed the release of soft guidance for 2025, overshadowing its fourth-quarter performance, which exceeded Wall Street's expectations. Yum Brands' alignment with analyst estimates provided stability, but Arm Holdings' slip by more than 4% raised questions about market sentiment despite outperforming analyst predictions.
Roblox's significant 20% decline was driven by disappointing fourth-quarter bookings, highlighting challenges in meeting market expectations. Molina Healthcare's 9% drop reflected concerns over its adjusted earnings miss, impacting investor confidence.
On a positive note, Eli Lilly managed to see its shares rise by 1% amid an earnings beat, although revenue fell short. Peloton's impressive over 15% surge was fueled by better-than-expected revenue performance, signaling positive market sentiment.
Honeywell International's more than 3% decline followed its announcement to split into three separate companies, prompting investors to reassess their positions. Arm Holdings' projection of full-year revenue between $3.94 billion and $4.04 billion provided insight into its future prospects.