Check out the companies making the biggest moves before the bell: Netflix — The streaming giant gained more than 1% after a regulatory filing showed the company authorized an additional $25 billion share buyback. Helix Energy Solutions — Shares of the offshore energy company rose more than 3% after Helix agreed to merge with privately held Hornbeck Offshore Services in an all-stock deal. The deal is expected to close in the second half of 2026. The newly formed entity will operate as Hornbeck Offshore Services and will trade under the ticker HOS. Honeywell — The industrial giant shed 5.6% after it reported mixed first-quarter results and issued lackluster second-quarter guidance. In Q1, adjusted earnings of $2.45 per share beat an LSEG estimate of $2.32 per share, though revenue of $9.1 billion was below consensus. For Q2, the company sees EPS between $2.35 and $2.45, below a FactSet forecast of $2.56. Lululemon — The athleisure company fell more than 4% after it announced Heidi O’Neill as the new CEO. O’Neill will take over on Sept. 8. She previously has worked at Nike, Levi Strauss, Hyatt Hotels and Spotify. Nokia — Shares popped 11% after the company posted a slight beat on earnings and missed on revenue in its first quarter report. Its operating profit came in above expectations, and the telecommunications company added its tracking toward the higher end of its full year-guidance forecast. Mobileye Global — The autonomous driving tech company rallied 11% after it reported better-than-expected Q1 results. Mobileye earned an adjusted 12 cents per share on revenue of $558 million. Analysts polled by FactSet expected a profit of 8 cents per share on revenue of $519.9 million. Full-year revenue guidance was also better than expected. Avis Car Budget — The car rental company shed more than 5%, putting it on track to add to its massive 37.8% plunge from Wednesday. To be sure, the stock is still up more than 200% for the month. International Business Machines — The technology giant slipped 7% after IBM failed to raise its full-year guidance after posting an earnings beat. IBM reported first-quarter earnings of $1.91 per share, excluding items, beating forecasts of $1.81, according to LSEG. The company’s $15.92 billion in revenue also came in above the expected $15.62 billion. Tesla — Shares fell more than 2% after CEO Elon Musk warned of substantial increases in capital spending to fund its self-driving and humanoid robot ambitions. Shares had climbed as much as 4% just after the electric vehicle maker posted first-quarter adjusted earnings of 41 cents per share, beating the 37 cents analysts polled by LSEG had expected. However, Tesla’s $22.39 billion in revenue came in below the $22.64 billion consensus estimate. CSX — The transportation stock popped 4% after posting first-quarter earnings of 43 cents per share, beating the expected 39 cents analysts surveyed by FactSet had penciled in. However, CSX’s $3.48 billion revenue came in slightly below the forecast $3.49 billion. Texas Instruments — The semiconductor stock soared 11% after it forecast that its current-quarter earnings would come in the range of $1.77 to $2.05 per share, versus the $1.57 consensus, according to LSEG. Similarly, it sees its revenue coming in between $5 billion to $5.4 billion, while analysts were anticipating $4.86 billion. Texas Instruments also posted a beat on both the top and bottom lines for its first quarter. Southwest Airlines — Shares fell 2.5% after the airline carrier posted first-quarter adjusted earnings of 45 cents per share and revenue of $7.20 billion, falling short of the 47 cents and $7.27 billion in revenue analysts were expecting, per FactSet. ServiceNow — The AI-powered software company reported first-quarter earnings and revenue that topped Wall Street expectations. However, shares tumbled more than 13% as the integration of recently acquired Armis weighed on its outlook. For the full year 2026, the company’s subscription revenue should grow more than 22% to a range of $15.74 billion to $15.78 billion, including the Armis cybersecurity business. Previously, the company expected subscription revenue of $15.55 billion. Molina Healthcare — Shares of the managed healthcare company rose 2.9% after it reaffirmed its 2026 forecast. Molina earned $2.35 per share, excluding items, in the first quarter on revenue of $10.8 billion. Analysts surveyed by FactSet anticipated Molina would earn $1.90 per share on revenue of $10.87 billion. United Rentals — Shares jumped more than 13% after the equipment rental company boosted its full-year sales forecast to a range of $16.9 billion to $17.4 billion. The company said it sees momentum heading into its busiest season. Knight-Swift Transportation — The transport stock shed 4% after reporting first-quarter revenue of $1.85 billion, coming in below the $1.86 billion analysts were expecting, per FactSet. Operating income for the firm’s last quarter came in at $49.8 million, while consensus estimates had called for $87 million. — CNBC’s Lisa Kailai Han, Davis Giangiulio Christina Cheddar Berk contributed reporting.
