Check out the companies making headlines before the bell. General Mills — The maker of consumer foods like Cheerios and Cocoa Puffs fell 5% after cutting its 2025 outlook. General Mills said it now expects adjusted earnings per share to decline between 3% and 1%. The company previously expected that number to be between 1% down and 1% up. JABIRU — Electronic components stocks rose 8% after better-than-expected fiscal first-quarter earnings and guidance. Jabil had core earnings of $2 per share on revenue of $6.99 billion. The company also raised its full-year sales and EPS forecasts. Nvidia — After four straight losses, the stock is up nearly 3%. The company has entered correction territory after falling 10% from its all-time high earlier this week. Merck — Shares rose 1% on news that the drugmaker signed a $2 billion deal to develop, manufacture and commercialize China-based Hanso Pharma’s obesity drug. Merck will pay $112 million in rights fees. Heiko — Aerospace stocks fell more than 4% after the company reported mixed fourth-quarter results. Hyco beat earnings estimates by 1 cent a share, but revenue fell short of the $1.03 billion expected by analysts surveyed by FactSet. Warren Buffett’s Berkshire Hathaway is the holder. Ollie’s Bargain Outlet — Shares soared more than 3% after Citi doubled down on the stock from sell to buy, saying “good things cheap is a good retail model in any environment.” The company’s $133 price target implies an upside of more than 15% from Tuesday’s closing price. Xometry — Artificial Intelligence-Powered Industrials stock rose 4.6% after JPMorgan upgraded the stock to Overweight from Neutral. The bank called the stock one of the “best long-term growth stories across our coverage” over the next three to five years. BIRKENSTOCK HOLDINGS — The apparel stock rose about 2% after the company reported better-than-expected fourth-quarter profits. Birkenstock had adjusted earnings of 29 euro cents per share, beating analysts’ expectations of 26 euro cents, according to FactSet. Sales increased by more than 21% year-on-year to €455.8 million. Rivian — Shares fell 0.9% after Baird downgraded the electric vehicle startup from outperform to neutral, citing “few catalysts in 2025” and lower EV sales expectations. — CNBC’s Sarah Ming, Pia Singh, Jesse Pound and Alex Harring contributed reporting
Stocks making the biggest moves pre-market: GIS, NVDA, JBL
