The S&P 500 futures are up 10 points, indicating a 0.2% increase, while the Nasdaq 100 futures are down 2 points, showing a slight decrease. The Dow Jones Industrial Average futures are up 47 points, reflecting a 0.1% increase.
Early trading shows mixed feelings as investors consider a new round of earnings reports. Qualcomm (QCOM, Financial) and Ford (F) are set to open lower due to their earnings news, while Eli Lilly (LLY) is expected to gain.
Investors are also looking at the preliminary Q4 productivity and unit labor cost numbers, along with the weekly jobless claims data.
The Bank of England has cut its interest rate by 25 basis points, bringing it to 4.50%, as was anticipated.
Honeywell (HON, Financial) has confirmed its plans to divide into three independent entities, focusing on automation, aerospace, and advanced materials. This move, intended to complete by the second half of 2026, aims to streamline operations and is expected to be tax-free for shareholders. The split follows a thorough evaluation by CEO Vimal Kapur and is set to create distinct growth strategies for each division.
Roblox (RBLX, Financial) reported a Q4 GAAP EPS of -$0.33, beating expectations by $0.12, though bookings of $1.36 billion slightly missed estimates. Revenue surged 32% year-over-year to $988.2 million, with daily active users increasing by 19% to 85.3 million. The company's growth is driven by increased user engagement and monetization, as hours engaged rose by 21% year-over-year.
Qualcomm (QCOM, Financial) shares dropped about 4% amid concerns over smartphone demand, despite surpassing fiscal first-quarter estimates. The company expects a 10% year-over-year growth in QCT handset revenues, bolstered by shipments for Samsung's Galaxy S25. KeyBanc maintained its Sector Weight rating on Qualcomm, acknowledging strong quarterly results.
Arm Holdings (ARM, Financial) has retracted a previous threat to terminate its architecture license agreement with Qualcomm, resolving a legal dispute over Qualcomm's acquisition of Nuvia. This development removes uncertainty over Qualcomm's future use of Arm's technology, following Arm's initial breach notice in October 2024.
Bristol-Myers Squibb (BMY, Financial) saw its stock decline after issuing a 2025 outlook that fell short of expectations, despite beating Q4 forecasts with an 8% revenue increase to $12.3 billion. The company's performance was bolstered by strong sales of Eliquis and Revlimid, although its future guidance did not meet analyst consensus.
Philip Morris International (PM, Financial) rose in premarket trading after exceeding Q4 earnings expectations and providing strong full-year guidance. The company's revenue increased by 7.3% year-over-year, driven by growth in smoke-free products, which now account for a significant portion of its total revenue and profit.
Digital Turbine (APPS, Financial) surged 29% premarket after surpassing fiscal third-quarter estimates and raising its annual guidance. Despite a 6% year-over-year revenue decline, the company reported a 13% quarter-over-quarter increase, with improved execution and profit-optimization measures enhancing performance.
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