Check out the companies making the biggest moves in premarket trading: Meta Platforms — Shares jumped 9%. The social media giant called for first-quarter sales to range from $53.5 billion to $56.5 billion, topping the analysts’ consensus call for $51.41 billion. Fourth-quarter earnings came in at $8.88 per share on revenue of $59.89 billion, while the LSEG consensus sought $8.23 per share and $58.59 billion. Meta’s Reality Labs unit recorded a greater operating loss than expected. Southwest Airlines — The carrier rallied 5.3% after forecasting a surge in 2026 profits on the back of its business model overhaul. Southwest Airlines said it expects to earn, at minimum, an adjusted $4 per share in 2026. That’s higher than the $3.19 analysts expected, according to estimates from LSEG. Tesla — The stock rose 2.3% after the company posted better-than-expected fourth-quarter results. Tesla reported adjusted earnings of 50 cents per share on revenue of $24.9 billion, while analysts polled by LSEG expected 45 cents per share and revenue of $24.79 billion. To be sure, Tesla’s revenue for the year dropped 3% for the period, marking the first time on record the company has recorded an annual decline. Caterpillar — The industrial giant rose 1.4% after it posted much better-than-expected results for the fourth quarter. The company earned an adjusted $5.26 per share on revenue of $19.13 billion. Analysts polled by LSEG expected a profit of $4.68 per share on revenue of $17.86 billion. The beat was driven by a 23% increase in power and energy sales. International Business Machines — Shares soared nearly 10%. IBM posted fourth-quarter adjusted earnings of $4.52 per share on revenue of $19.69 billion, while analysts polled by LSEG sought $4.32 per share on revenue of $19.23 billion. Revenue from software and infrastructure surpassed estimates from FactSet’s StreetAccount. CEO Arvind Krishna said in a release that IBM’s generative artificial intelligence book of business topped $12.5 billion. Royal Caribbean — The cruise line popped 7% after guiding for first-quarter adjusted earnings in a range of $3.18 to $3.28 per share, topping the $2.91 a share expected from analysts polled by LSEG. Its fourth-quarter adjusted earnings of $2.80 per share was in line with expectations, while its revenue missed estimates. Dow — The chemical company slipped 2% following its latest financial results. Dow’s fourth-quarter revenue of $9.46 billion was in line with the FactSet consensus estimate. Its operating EBITDA of $741 million, however, topped the $665 million expected by analysts. ServiceNow — The software stock tumbled 8% despite the company reporting fourth-quarter earnings that beat expectations. ServiceNow earned 92 cents per share on an adjusted basis on revenue of $3.57 billion. Analysts surveyed by LSEG anticipated it would earn 88 cents per share on $3.53 billion in revenue. The company estimates first-quarter subscription revenue will be in the range of $15.53 billion and $15.57 billion, which also topped estimates. Shares have been under pressure since the start of the year, declining 15% year to date, amid concerns that AI will hurt the profitability of software companies. Microsoft — The tech giant dropped 7%. Cloud growth slowed in the fiscal second quarter, and the software giant gave light guidance for operating margin in the fiscal third quarter. Adjusted earnings came out at $4.14 per share, higher than consensus expectations of $3.97 per share, according to LSEG. Microsoft’s revenue of $81.27 billion for the quarter was also higher than the expected $80.27 billion. Las Vegas Sands — The casino operator saw shares shed 9%. Net revenue in Macao came in at $2.06 billion in the fourth quarter, barely beating the StreetAccount consensus call for $2 billion. Separately, adjusted earnings of 85 cents a share on revenue of $3.65 billion surpassed the LSEG consensus estimate of 76 cents per share and $3.34 billion. L3Harris — The defense contractor sank nearly 5%. L3Harris reported revenue of $5.65 billion for the fourth-quarter , short of the $5.77 billion expected from analysts polled by FactSet. Its adjusted earnings of $2.86 per share, however, beat the $2.76 consensus estimate. Honeywell — Shares were down 0.6% in the premarket following the release of mixed fourth-quarter figures. The company earned $2.59 per share, excluding certain items. That exceeded an LSEG estimate of $2.54 per share. Revenue of $9.76 billion was below the $9.85 billion consensus, however. International Paper — The packaging giant announced Thursday it would split into two independent companies, sending shares 3% higher. The separation will spin off its European business from its North America one. International Paper also reported a revenue beat for its fourth quarter, but its earnings per share missed analyst estimates. Lockheed Martin — The defense contractor moved 5.5% higher on the back of its fourth-quarter financial results. Lockheed Martin reported earnings of $5.80 per share on revenues of $20.32 billion. Analysts polled by LSEG had expected earnings of $5.70 per share on revenues of $19.85 billion. Its full-year EPS guidance also topped expectations. Nasdaq — The stock rose 1.3% after the exchange operator beat on both the top and bottom line. Its fourth-quarter adjusted earnings came in at 96 cents per share, above LSEG consensus estimate of 91 cents. Nasdaq’s revenue was $1.39 billion, topping the $1.37 billion expected from analysts. — CNBC’s Fred Imbert contributed reporting.
