Check out the companies making the biggest moves in premarket trading: Meta Platforms — The Facebook parent dropped 9% after the company hiked its full-year capital expenditures guidance to a range of $125 billion to $145 billion, raising concern over its AI spending. That forecast overshadowed a better-than-expected Q1 report. Eli Lilly — The Zepbound and Mounjaro maker’s first-quarter earnings and revenue blew past analyst expectations, sending the stock nearly 8% higher. Eli Lilly also increased its full-year sales outlook to between $82 billion and $85 billion, up from a previous guidance of $80 billion to $83 billion. Alphabet — Shares popped 7.4% after the tech titan posted first-quarter revenue of $109.9 billion, beating the $107.2 billion analysts polled by LSEG had expected. Google cloud revenue surged 63% from a year earlier to $20.02 billion last quarter, while analysts had penciled in $18.05 billion, per StreetAccount. Microsoft — The “Magnificent Seven” stock shed nearly 2%. Microsoft reported $31.9 billion in capital expenditures and finance leases for its fiscal third quarter, below the $34.9 billion consensus among analysts polled by Visible Alpha. However, the company posted an earnings and revenue beat in its last quarter. Roya …
