Stocks making the biggest moves premarket: Meta, Teladoc, Pinterest, Qualcomm and more

cnbc.com:

Check out the companies making headlines in Thursday premarket trading.

Meta — Shares of the Facebook parent soared more than 16% in premarket trading after the tech company reported better-than-expected quarterly earnings. Daily active users, which declined in the fourth quarter for the first time, bounced back a bit and topped analysts' expectations, according to StreetAccount. The rally came despite a revenue miss. Shares were down 48% on the year heading into the results.

Teladoc — Teladoc's stock price cratered 43% after the telehealth company reported an earnings miss, as well as disappointing revenue guidance. Teladoc reported a loss of $41.58 per share and generated revenues of $565.4 million. Analysts surveyed by FactSet were expecting a loss of 60 cents per share, and revenues of $568.7 million.

McDonald's — Shares of the restaurant chain gained 2% in premarket trading after first quarter revenue came in higher than expected. McDonald's reported first quarter revenue of $5.67 billion versus the $5.59 billion expected by analysts, according to Refinitiv. The company saw same store sales growth of 3.5% in the U.S. and even higher in international markets.

Southwest Airlines — The airline stock rose more than 3% in premarket trading after the company delivered an optimistic outlook. Southwest said it expected its second quarter revenue to be up 8% to 12% from the same period in 2019, prior to the pandemic.  For the first quarter, the company reported a loss of 32 cents per share, slightly wider than the 30 cents expected by analysts, according to Refinitiv. First-quarter revenues came in slightly ahead of expectations.

PayPal — The payment's company saw shares rise 3.4% in early trading after it beat revenue