Try the businesses making headlines in prolonged buying and selling. Spotify Expertise – Shares of the music-streaming service jumped about 8%. Complete month-to-month energetic customers for the third quarter got here in at 640 million, reflecting an 11% soar from a 12 months earlier and beating FactSet consensus estimates of 639.0 million. Nonetheless, Spotify fell in need of the Avenue’s expectations on the highest and backside strains within the interval. Skyworks Options — The semiconductor firm slipped almost 2% after posting an earnings beat within the fiscal fourth quarter. Skyworks reported adjusted earnings of $1.55 per share, whereas analysts polled by LSEG had forecast $1.52 per share. Revenues of $1.02 billion got here according to estimates. In the meantime, the corporate’s ahead steering for the primary quarter got here in lighter than expectations. Cava — The fast-casual chain popped 14% after reporting a top- and bottom-line beat within the third quarter. Cava introduced earnings of 15 cents per share on revenues of $244 million. In the meantime, analysts had forecast earnings of 11 cents per share and $234 million in revenues, per LSEG. Occidental Petroleum — Shares of the oil firm added 0.9% on blended third-quarter outcomes. Occidental Petroleum reported adjusted earnings of $1 per share, which beat consensus estimates by 26 cents, per LSEG. Nonetheless, revenues of $7.15 billion got here beneath the $7.23 billion anticipated by analysts. Maplebear — Shares misplaced 3% even after the grocery supply firm reported third-quarter outcomes that beat analysts’ expectations. Maplebear, also referred to as Instacart, earned 42 cents per share on income of $852 million. Analysts polled by LSEG anticipated a revenue of twenty-two cents per share on income of $844 million. Rivian Automotive — The electrical automobile producer gained 5% after asserting its three way partnership with Volkswagen Group. The deal, price $5.8 billion, will mix Volkswagen fashions with Rivian’s software program and electrical structure. Rocket Lab – Shares of the launch service supplier surged greater than 22%. Rocket Lab forecasted fourth-quarter income of $125 million to $135 million, besting the Avenue’s estimate for $122 million, per LSEG. The corporate’s third-quarter outcomes additionally topped estimates, with Rocket Lab posting a narrower-than-expected loss for the interval. Flutter Leisure – The playing firm added almost 5%. Flutter reported third quarter adjusted earnings of 43 cents per share on income of $3.25 billion. That topped the Avenue’s estimates for 10 cents per share in earnings and income of $3.07 billion. — CNBC’s Fred Imbert and Darla Mercado contributed reporting
