Take a look at the businesses making headlines in noon buying and selling. Upstart Holdings — Inventory within the synthetic intelligence lending platform tumbled greater than 26% after lacking third-quarter gross sales and earnings estimates. The corporate reported an adjusted lack of 5 cents per share on $134.5 million in income, towards estimates from analysts polled by FactSet of a lack of 2 cents and $139.6 million in income. Biogen — Inventory within the biotech firm fell greater than 4% after third-quarter gross sales and earnings topped analysts’ estimates. The maker of Tysabri for a number of sclerosis slashed its annual revenue forecast, nonetheless, on account of prices tied to Alzheimer’s remedy Leqembi and the acquisition of Reata Prescription drugs final month. Occidental Petroleum — Shares of the Houston-based power producer — 22% owned by Buffett’s Berkshire Hathaway — climbed greater than 2% after quarterly earnings surpassed analysts’ expectations. Occidental reported earnings of $1.18 per share amid sturdy oil manufacturing, greater than the consensus estimate of 84 cents per share, in keeping with LSEG, previously generally known as Refinitiv. Rivian — Shares of the electrical car maker shed greater than 4% after analysts stayed impartial of their funding opinion, regardless of Rivian posting a smaller-than-expected loss within the newest quarter. Rivian additionally gave an optimistic forecast for the complete 12 months, rising its manufacturing forecast by 2,000 items, to 54,000. Roblox — Shares jumped almost 18% after third-quarter outcomes beat Wall Avenue estimates. Roblox reported a lack of 45 cents per share on $839.5 million in income, whereas analysts polled by LSEG forecast a lack of 51 cents and income of $830 million. Toast — Shares of the restaurant-focused know-how firm slid 17% after Toast reported an sudden loss for the third quarter. Boston-based Toast misplaced 9 cents per share, whereas analysts had been anticipating earnings of 10 cents per share, in keeping with LSEG. Gross fee quantity was fractionally beneath estimates, StreetAccount stated. Robinhood — The buying and selling platform fell greater than 14% after lacking income estimates within the third quarter. Robinhood notched $467 million within the quarter, beneath analysts’ estimate of $478 million, in keeping with LSEG. Warner Bros. Discovery — Inventory within the media conglomerate plunged greater than 16% after the HBO and Meals Community mum or dad reported a wider-than-expected loss within the third quarter. Warner Bros. posted an adjusted lack of 17 cents per share on $9.97 billion in income, whereas analysts polled by LSEG forecast a lack of 6 cents and income of $9.98 billion. Lyft , Uber — Lyft shares had been down 0.6% noon forward of the ride-sharing firm’s quarterly outcomes set for launch Wednesday after the shut. Uber was down virtually 1% after the corporate posted third-quarter outcomes that missed gross sales and earnings estimates. eBay — The net market warned of sentimental income within the present quarter and for the complete 12 months. Within the third quarter, eBay beat the consensus forecast of analysts polled by LSEG for earnings per share, whereas income was in keeping with the consensus estimate. — CNBC’s Jesse Pound, Yun Li, Pia Singh, Alex Harring, Lisa Han, Tanaya Macheel and Sarah Min contributed reporting.
