Here are the leading stories from the premarket trading floor:

Comcast experienced a notable dip of more than 3% due to a significant reduction in customer numbers for the first quarter. Despite a decline of 199,000 domestic broadband and 427,000 cable TV subscribers, the company surpassed earnings expectations with an adjusted profit of $1.09 per share on $29.89 billion in revenue, exceeding analysts’ predictions of 98 cents per share and $29.77 billion in revenue.

PepsiCo saw a minor reduction of 1% following a Q1 report that reflected lower-than-expected earnings and a subdued outlook. The company reported adjusted earnings of $1.48 per share, marginally below the expected $1.49. Additionally, PepsiCo revised its full-year adjusted earnings forecast downward, citing tariffs as a contributing factor.

Procter & Gamble’s shares decreased by 1.4% after reporting mixed Q3 outcomes and revising its full-year core earnings and revenue guidance downward. The company posted quarterly earnings of $1.54 per share, slightly above the expected $1.53, but revenue reached only $19.78 billion, missing the $20.11 billion forecast.

Merck’s share price saw an upturn of nearly 1% following a Q1 performance that exceeded analyst expectations. The pharmaceutical giant reported adjusted earnings of $2.22 per share on revenue of $15.53 billion, surpassing the expected $2.14 per share earnings on $15.31 billion revenue. Nevertheless, Merck adjusted its full-year profit forecast due to a projected $200 million tariff impact.

American Airlines’ stock dipped just over 1% as the company aligned with industry peers in retracting its 2025 financial outlook. The airline also reported slightly less revenue than anticipated for Q1.

Chipotle’s stock fell by 3.5% after revealing weak revenue figures and its first drop in same-store sales since 2020, achieving $2.88 billion, below the $2.95 billion projected. The company, however, exceeded Wall Street’s earnings expectations with an EPS of 29 cents.

Texas Instruments surged impressively by 8.5%, benefiting from a strong Q1 earnings report and a positive outlook for the current quarter. The company reported earnings of $1.28 per share on $4.07 billion in revenue, surpassing expectations of $1.07 per share and $3.91 billion in revenue.

Lam Research gained 3.5% after outperforming Wall Street’s projections for its third fiscal quarter. The company reported adjusted earnings of $1.04 per share on $4.72 billion in revenue, exceeding the $1.01 per share and $4.65 billion in revenue estimates.

ServiceNow experienced a 7.9% rally following a strong Q1 earnings report. The company recorded adjusted earnings of $4.04 per share on $3.09 billion in revenue, outpacing forecasts of $3.83 per share and $3.08 billion in revenue.

Hasbro enjoyed a 7.6% increase after delivering a robust Q1 earnings report. The toy giant reported earnings of $1.04 per share, far surpassing the expected 67 cents, with revenue hitting $887.1 million versus the anticipated $771.1 million. The company is maintaining its full-year guidance amidst tariff uncertainties.

Southwest Airlines shares fell by 4.1%. Despite beating Q1 analyst expectations, the airline announced plans to reduce capacity in the second half of the year.

IBM’s shares dropped by 6.7% despite exceeding Q1 earnings expectations, reporting adjusted earnings of $1.60 per share on $14.54 billion in revenue, over the predicted $1.40 and $14.40 billion.

UTZ Brands rose by 2.9% following D.A. Davidson’s upgrade of its stock from neutral to buy, appreciating the company’s market share growth despite challenges in the salty snack category. .