Stocks making the biggest moves in the premarket: IBM, Sierra Wireless, Intuitive Surgical & more

Stocks making the biggest moves in the premarket: IBM, Sierra Wireless, Intuitive Surgical & more

Take a look at some of the biggest movers in the premarket:IBM (IBM) – IBM reported quarterly profit of $2.07 per share, beating the $1.79 a share consensus estimate. Revenue missed Wall Street forecasts, however, as software sales posted a decline as pandemic-induced uncertainty kept some customers from striking long-term deals. The shares dropped more than 7% in premarket trading as of 7:43 a.m. ET.Sierra Wireless (SWIR) – Sierra Wireless CEO Kent Thexton plans to retire on June 30, with the IoT solutions company launching a search for his successor. Thexton became CEO of Sierra Wireless in May 2018. The stock gained nearly 10% in premarket trading as of 7:43 a.m. ET.Schlumberger (SLB) – The oilfield services firm reported quarterly earnings of 22 cents a share, beating estimates by 5 cents a share. Revenue also came in above analysts' forecasts. Schlumberger's bottom line was helped by a rebound in demand as oil prices rose, as well as cost cuts.Huntington Bancshares (HBAN) – The bank fell 2 cents a share short of estimates, with quarterly profit of 27 cents per share. Revenue was essentially in line with expectations. The company said it was pleased with its performance given the low interest