Check out the companies making headlines before the bell. General Mills — The maker of consumer food products such as Cheerios and Cocoa Puffs sank 5% after trimming its outlook for 2025. General Mills said it now expects adjusted earnings per share to fall between 3% and 1%. The company previously expected that figure to come in down 1% to up 1%. Jabil — The electronics components stock surged 8% on stronger-than-expected fiscal first quarter earnings and guidance. Jabil posted core earnings per share of $2 on $6.99 billion in revenues. The company also lifted its full-year revenue and EPS guidance. Nvidia — Shares rose nearly 3% after four straight losing sessions. The chipmaker entered correction territory after falling 10% from its all-time high earlier in the week. Merck — Shares added 1% on news that the pharmaceutical company has signed a $2-billion deal to develop, manufacture and commercialize China-based Hansoh Pharma’s obesity drug. Merck will pay $112 million for the rights. Heico — The aerospace stock slumped more than 4% after posting mixed fiscal fourth-quarter results. Heico topped earnings expectations by 1 cent per share but revenues fell short of the $1.03 billion expected by analyst polled by FactSet. Warren Buffett’s Berkshire Hathaway is a holder. Ollie’s Bargain Outlet — Shares popped more than 3% after Citi double-upgraded the stock to buy from sell, saying that “good stuff cheap is a retail model that outperforms in any environment.” The firm’s $133 price target implies more than 15% upside from Tuesday’s close. Xometry — Shares of the artificial intelligence-powered industrial marketplace jumped 4.6% on the heels of JPMorgan’s upgrade to overweight from neutral. The bank called the stock one of the “best secular growth stories across our coverage universe” for the next three to five years. Birkenstock Holding — The apparel stock rose about 2% after fourth-quarter earnings beat expectations. Birkenstock reported 29 euro cents in adjusted earnings per share, topping analyst expectations of 26 euro cents, according to FactSet. Revenue rose more than 21% year over year to 455.8 million euros. Rivian — Shares slipped 0.9% after Baird downgraded the electric vehicle startup to neutral from outperform , citing “few catalysts in 2025” and lower EV sales expectations. — CNBC’s Sarah Min, Pia Singh, Jesse Pound and Alex Harring contributed reporting
Stocks making the biggest moves premarket: GIS, NVDA, JBL