U.S. stock futures were lower this morning, with the Dow futures falling around 200 points on Thursday.
Shares of International Business Machines Corporation IBM fell sharply in today's pre-market trading after the company reported first-quarter financial results.
IBM reported quarterly earnings of $1.60 per share, which beat the analyst consensus estimate of $1.40. Quarterly revenue of $14.54 billion beat the analyst consensus estimate of $14.4 billion.
IBM shares dipped 7.3% to $227.62 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
- TAL Education Group TAL shares dipped 17.8% to $9.02 in pre-market trading after the company announced weaker-than-expected quarterly results.
- Robert Half Inc. RHI fell 16.6% to $38.70 in pre-market trading after the company reported worse-than-expected quarterly financial results.
- Acacia Research Corporation ACTG declined 11.1% to $2.65 in pre-market trading.
- Latham Group, Inc. SWIM dipped 10.3% to $4.98 in today's pre-market trading. Latham Group will release financial results for the first quarter on Tuesday, May 6, after the closing bell.
- Kaiser Aluminum Corporation KALU fell 8.2% to $54.10 in pre-market trading following weak quarterly sales.
- Nokia Oyj NOK shares dipped 7.7% to $4.90 in pre-market trading as the company posted weaker-than-expected earnings for its first quarter and confirmed its guidance for the rest of the year.
- Alaska Air Group, Inc. ALK declined 6.7% to $42.99 in pre-market trading following weaker-than-expected quarterly results.
- Jack in the Box Inc. JACK declined 4.6% to $24.24 in pre-market trading after the company issued FY25 forecast.
- Southwest Airlines Co. LUV fell 4% to $24.50 in pre-market trading as the company reported first-quarter financial results after the market close on Wednesday. Southwest Airlines pulled its full-year 2025 and 2026 EBIT guidance, citing "current macroeconomic uncertainty."
- Peloton Interactive, Inc. PTON fell 3.7% to $5.76 in pre-market trading.
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