Try the businesses making headlines earlier than the bell. Amazon — Amazon’s inventory surged 7% after the e-commerce large reported sturdy third-quarter outcomes and confirmed a 13% bounce in income for the interval. Earnings per share got here in at 94 cents for the interval, 36 cents above expectations, per LSEG. Intel — The chip inventory popped 7% after posting third-quarter outcomes Thursday that topped Wall Road’s expectations and provided sturdy steering for the present interval. Intel’s CEO Pat Gelsinger additionally stated the corporate plans to chop prices by roughly $3 billion this yr. Enphase Vitality — The photo voltaic inventory sank practically 20% on disappointing fourth-quarter steering and combined outcomes for the third quarter. For the present quarter, the corporate stated it expects income to ranges between $300 and $350 million, falling wanting the $584 million anticipated by analysts polled by LSEG. Earnings per share for the third quarter got here in barely forward of expectations whereas revenues got here up wanting the $566 million anticipated. Ford Motor — The auto inventory misplaced about 3.6%. Ford reported third-quarter outcomes that fell wanting expectations and pulled its beforehand introduced steering because it regroups after the practically six-week lengthy UAW strike. The corporate posted adjusted earnings of 39 cents per share on $41.18 billion in income. Chipotle Mexican Grill — Shares of the restaurant chain rose greater than 3% in premarket buying and selling after the corporate’s third-quarter earnings topped expectations. Chipotle reported $11.36 in adjusted earnings per share. Analysts surveyed by LSEG had been anticipating $10.55 per share. The corporate’s restaurant degree working margin rose yr over yr. Exxon Mobil — The oil and gasoline firm reported third-quarter earnings that got here in at $2.27 per share, excluding objects, barely under the LSEG estimate of $2.37 per share. Analysts flagged a decline in North American exercise as oil and gasoline costs moved decrease from final yr’s highs. Shares dipped lower than 1% premarket. Dexcom — Dexcom shares skyrocketed greater than 17% after the medical gadget maker posted stronger-than-expected quarterly outcomes and lifted its full-year income forecast. Chevron — Chevron shares dipped 2% earlier than the bell after the oil firm fell wanting earnings expectations, and income slumped on a year-over-year foundation. Chevron posted adjusted earnings of $3.05 per share on $54.08 billion in revenues. Revenues topped Wall Road’s expectations. Deckers Outside — The maker of Hoka sneakers soared practically 11% on stronger-than-expected fiscal second-quarter outcomes and full-year steering. For the yr, Deckers Outside stated it expects earnings per share to vary between $22.90 and $23.25 on income of $4.025 billion. That topped the earnings per share of $22.64 and $4.015 billion in income anticipated by analysts polled by LSEG. Stanley Black & Decker — The commercial instrument maker popped 3.5% in premarket buying and selling. Stanley Black & Decker beat third-quarter earnings expectations , citing “sturdy momentum” with its price discount program. The corporate posted per-share earnings of $1.05, topping the 83 cent per share consensus estimate from FactSet. It additionally issued full-year earnings steering within the vary of $1.10 to $1.40 per share, higher than prior steering of 70 cents to $1.30 per share and the consensus estimate. Third-quarter income got here in under expectations. Capital One — Capital One shares gained 5.3% earlier than the bell on better-than-expected third-quarter outcomes. The monetary providers firm posted earnings of $4.45 per share and internet curiosity earnings totaling $9.37 billion. Colgate-Palmolive — The patron product firm added about 1% earlier than the bell. Colgate-Palmolive topped third-quarter earnings expectations on the highest and backside traces and hiked its natural gross sales development outlook. Sanofi — U.S.-listed shares of the French pharmaceutical firm sank practically 18% earlier than the bell. Sanofi additionally stated it expects heightened analysis and growth spending to weigh on revenue in 2024. Earnings for the third quarter additionally fell wanting expectations on the highest and backside traces. Newell Manufacturers — The patron items inventory shed 9% on combined third-quarter outcomes. Newell Manufacturers posted adjusted earnings of 39 cents a share on $2.05 billion in income. Analysts polled by LSEG had referred to as for earnings of 23 cents per share on revenues totaling $2.12 billion. Constitution Communications — Shares of Constitution Communications slumped greater than 5% after the cable firm reported a loss in 320,000 video clients in the course of the third quarter amid its carriage dispute with Disney. Constitution Communications posted an earnings beat for the interval, however revenues got here in at $13.58 billion, falling wanting the $13.63 billion anticipated by analysts polled by LSEG. Hasbro — Hasbro shares slipped 1.3% after Financial institution of America downgraded the toymaker to a impartial ranking, citing points inside its shopper merchandise division that supersede the power of its Wizards of the Coast” model. Rivian Automotive — The electrical automobile firm gained 2% after Cantor Fitzgerald upgraded Rivian Automotive to an chubby ranking, citing a powerful demand setup. Merck — Shares of the pharmaceutical firm gained 0.9% after BMO Capital Markets upgraded Merck to outperform from market carry out, and likewise raised its value goal by $10 to $132 per share. The brand new ranking comes a day after Merck reported better-than-expected third-quarter earnings and income. — CNBC’s Jesse Pound, Tanaya Macheel, Pia Singh, Sarah Min contributed reporting
