Take a look at the businesses making headlines in noon buying and selling. Constitution Communications , Liberty Broadband — Cable operator Constitution Communications agreed to amass Liberty Broadband in an all-stock deal. Constitution shares rose 5.6%, whereas Liberty Broadband slid 3%. Cava Group — Shares of the Mediterranean-inspired meals chain popped 7% after third-quarter outcomes got here out stronger than anticipated. Cava’s earnings of 15 cents per share exceeded the 11 cent consensus estimate from analysts polled by LSEG, whereas its income of $244 million income got here out above the $234 million estimate. Rocket Lab — Shares of the house infrastructure firm soared 35% after Rocket Lab posted a third-quarter income of $104.8 million, which exceeded analysts’ expectations and mirrored a 55% improve from the identical interval a yr in the past. The corporate additionally introduced the primary buyer for its Neutron automobile and forecast income for its fourth quarter in a variety above what analysts had predicted. Maplebear — Shares tumbled 12% after the dad or mum of Instacart issued fourth-quarter adjusted earnings earlier than curiosity, taxes, depreciation and amortization steerage that was under the Road’s estimates, in line with FactSet. Alternatively, Maplebear beat analysts’ third-quarter expectations on each the highest and backside strains. Skyworks Options — The semiconductor inventory pulled again 4% after Skyworks Options posted weaker-than-expected steerage for its fiscal first quarter. The corporate sees income for the interval starting from $1.05 billion to $1.08 billion, whereas analysts polled by FactSet sought $1.09 billion. Flutter Leisure — Shares of the net playing firm rose 6% after a stronger-than-expected report for the third quarter. Flutter generated an adjusted 43 cents per share on $3.25 billion of income. Analysts surveyed by LSEG had estimated 10 cents per share and $3.07 billion of income. Flutter mentioned that income for its U.S. arm , which incorporates Fanduel, was up 51% yr over yr. Spotify Know-how — Shares of the music streaming platform gained 11% after Spotiify’s fourth-quarter revenue forecast exceeded analysts’ estimates. The corporate’s month-to-month lively customers within the third quarter additionally got here out robust, totaling about 640 million, or up 11% from a yr earlier and above the 639 million analysts had forecast, in line with FactSet. Spotify’s third-quarter earnings and income trailed expectations, nonetheless. Rivian Automotive — Shares popped about 18% after the automaker introduced a three way partnership with Volkswagen Group in a deal value $5.8 billion, with the primary Volkswagen fashions to make use of Rivian’s software program and electrical structure doubtlessly arriving as early as 2027. Amgen — Shares gained 1% after the drugmaker mentioned it didn’t see a hyperlink between the usage of MariTide , its experimental weight reduction injection, and modifications in bone mineral density. Amgen misplaced 7% within the earlier session after analysts cited extra information from an early-stage trial confirmed the best dose of MariTide was linked to lack of bone mineral density. SoundHound AI — The voice recognition inventory plunged about 17%. SoundHound issued income steerage for 2024 of $82 million to $85 million, whereas analysts polled by FactSet sought $82.6 million. The corporate posted a third-quarter adjusted lack of 4 cents a share, in comparison with the Road’s expectation for a lack of 7 cents per share. Spirit Airways — Shares cratered 57% after The Wall Road Journal reported that the finances airline might file for chapter inside weeks following failed merger talks with competitor Frontier Group Holdings. — CNBC’s Sarah Min, Alex Harring, Samantha Subin, Jesse Pound, Yun Li, Lisa Kailai Han and Michelle Fox contributed reporting.
