Honeywell Drops, Nokia Surges in Premarket on Earnings Reactions

Honeywell shares declined 5.6 percent in premarket trading after mixed first-quarter results and soft second-quarter guidance.

The industrial conglomerate posted adjusted earnings of $2.45 per share, beating LSEG estimates of $2.32. Revenue reached $9.1 billion, missing expectations. Second-quarter earnings guidance came in at $2.35 to $2.45 per share, below FactSet consensus of $2.56. Aerospace strength failed to offset broader pressures.

Nokia shares jumped 11 percent on slightly better-than-expected operating profit despite revenue shortfalls. The telecommunications equipment maker raised full-year guidance. Investors focused on margin expansion and network demand recovery in key regions.

Netflix shares rose more than 1 percent after disclosing a new $25 billion share repurchase authorization. The streaming leader bolsters capital return amid subscriber growth and content spending pressures.

International Business Machines shares fell 7 percent despite earnings and revenue beats. First-quarter adjusted earnings hit $1.91 per share against forecasts of $1.81. Revenue totaled $15.92 billion, topping $15.62 billion estimates. Management held full-year guidance steady, disappointing investors seeking upside.

Tesla shares dropped over 2 percent after Chief Executive Elon Musk flagged major capital expenditure increases for self-driving and humanoid robot programs. Quarterly adjusted earnings beat at 45 cents per share, but revenue of $22.39 billion trailed $22.64 billion consensus.

Other notable premarket movers included Texas Instruments up 11 percent on strong current-quarter guidance. United Rentals surged over 13 percent after lifting full-year sales outlook. ServiceNow plunged more than 13 percent on cautious full-year subscription revenue projections impacted by recent Armis acquisition.

Helix Energy Solutions climbed over 3 percent on an all-stock merger announcement with Hornbeck Offshore Services, forming a new entity under the Hornbeck name. CSX gained 4 percent on earnings beat despite revenue miss. Southwest Airlines dipped 2.5 percent on below-expectation results.

Lululemon fell more than 4 percent on CEO transition news. Molina Healthcare edged up 0.9 percent after reaffirming 2026 forecast. Knight-Swift Transportation declined 4 percent on revenue shortfall.

Premarket action reflects earnings digestion across sectors. Industrial and tech names dominate volume ahead of open. Broader indexes pointed higher on tempered geopolitical risks.