Take a look at the businesses making headlines earlier than the bell. WeWork — Shares plunged 35.5% following a report within the Wall Road Journal that the shared workspace firm is planning to file for Chapter 11 chapter safety as quickly as subsequent week. Superior Micro Gadgets — The chipmaker dipped greater than 1% after issuing softer-than-expected income steering for the fourth quarter. Nonetheless, it supplied constructive 2024 steering for its knowledge heart GPU section. Ford , Normal Motors — The auto makers rose greater than 1% every after Barclays upgraded every to chubby from equal weight, citing engaging valuations after October’s inventory declines. “We consider the totally different pressures on the enterprise have created ‘peak ache,’ yielding buying and selling multiples at historic lows,” Barclays stated. CVS — Shares of the pharmacy chain amd proprietor of Aetna insurance coverage fell 1.5% regardless of reporting an earnings and income beat for the third-quarter. Nonetheless, medical profit prices got here in at 85.7% of premiums, 1% greater than estimates, which CVS stated was pushed by greater outpatient care and Medicare Benefit utilization. Match Group — The relationship service platforms proprietor shed 8.3% on weaker-than-estimated income steering for the fourth quarter. Match forecast income between $855 million and $865 million, whereas analysts had anticipated $895 million in line with LSEG, previously often called Refinitiv. Wayfair — The net furnishings retailer tumbled 12% after third quarter income missed analyst expectations. Wayfair posted $2.94 billion in income, decrease than the $2.98 billion estimate, in line with consensus numbers from LSEG. An adjusted lack of 13 cents per share was narrower than an anticipated lack of 48 cents. ZoomInfo Applied sciences — The gross sales and advertising know-how platform shed 2.4% on the again of a Goldman Sachs downgrade to impartial from purchase following third quarter earnings launched Monday. ZoomInfo beat gross sales and earnings expectations of analysts polled by FactSet, however supplied gentle steering for present quarter earnings and working earnings. Humana — Shares of the insurance coverage firm fell 2.8% after Humana lowered its full-year steering for non-adjusted earnings per share. Humana’s third quarter adjusted earnings per share of $7.78 topped the Wall Road consensus estimate of $7.16, in line with StreetAccount and it solely reaffirmed full-year steering for adjusted earnings per share regardless of the third-quarter beat. Estee Lauder — The wonder merchandise firm dropped greater than 14% after its earnings steering for the present quarter and full fiscal-year got here in far beneath analyst estimates. Estee Lauder additionally forecast income progress declining between 9% and 11% within the present quarter, whereas analysts polled by FactSet had anticipated a 2.2% improve. Kraft Heinz Firm — Shares of the ketchup maker added 1.5% after it raised its full-year earnings per share steering, excluding one-time objects. Kraft Heinz additionally reported higher-than-expected earnings per share of 72 cents within the third-quarter in opposition to analysts’ estimate of 66 cents, in line with FactSet. Kraft Heinz additionally made a number of organizational and management adjustments Paycom Software program — Shares declined greater than 36% after the corporate’s third-quarter income got here in beneath estimates. Paycom posted $406.3 million in income for the interval, whereas analysts had estimated $411.2 million, per FactSet. In the meantime, Paycom’s earnings per share topped forecasts, coming in at $1.77, excluding objects, whereas analysts had estimated $1.61. Yum China Holdings — Shares of the China-based restaurant firm misplaced greater than 12% after third quarter income missed estimates. Yum reported $2.91 billion in income, whereas analysts had anticipated $3.06 billion in income, in line with estimates from LSEG. Caesars Leisure – The gaming inventory rose 5% earlier than the bell after topping Wall Road’s third-quarter earnings expectations. Caesars posted earnings of 34 cents per share on $2.99 billion in income. That topped the EPS of 29 cents and income of $2.93 billion estimated by analysts polled by LSEG. — CNBC’s Fred Imbert, Alex Harring, Jesse Pound, Samantha Subin and Sarah Min contributed reporting
