Check out the companies making headlines ahead of the bell. General Mills — the maker of consumer products like Cheerios and Cocoa Puffs — sank 5% after cutting its 2025 forecast. General Mills said it now expects adjusted earnings per share to fall between 3% and 1%. The company had previously expected that figure to fall 1%, to rise 1%. Jabil – Electronic component stocks rose 8% on stronger-than-expected first-quarter earnings and fiscal guidance. Jabil posted earnings of $2 per share on revenue of $6.99 billion. 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% after the pharmaceutical company signed a $2 billion deal to develop, manufacture and market an obesity drug from China-based Hansoh Pharma. Merck will pay $112 million for the rights. Heico – the aerospace stock fell more than 4% after posting mixed fiscal fourth-quarter results. Heico beat earnings expectations by 1 cent per share, but revenue fell short of the $1.03 billion expected by analysts polled by FactSet. Warren Buffett owns Berkshire Hathaway. Ollie’s Bargain Outlet – Shares rose more than 3% as Citi doubled the stock to buy from sell-off, saying “good stuff cheap beats the retail model in any environment.” The company’s $133 price target represents an upside of more than 15% from Tuesday’s close. Xometry – Shares of the artificial intelligence-driven industrial market jumped 4.6% on JPMorgan’s upgrade from overweight to neutral. The bank called the stock “one of the best secular growth stories in our coverage universe” for the next three to four 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, beating analysts’ expectations of 26 euro cents, according to FactSet. Revenues have increased by more than 21% from year to year, reaching 455.8 million euros. Rivian – Shares fell 0.9% after Baird downgraded the electric vehicle startup from outperform to neutral, citing “few catalysts in 2025” and lower electric vehicle sales expectations. – CNBC’s Sarah Min, Pia Singh, Jesse Pound and Alex Harring contributed reporting
