Take a look at the businesses making headlines earlier than the bell. Cava — The fast-casual restaurant chain surged almost 19% after third-quarter outcomes exceeded analysts’ expectations. Earnings of 15 cents per share topped the 11-cent consensus estimate from analysts polled by LSEG, whereas income of $244 million income was additionally above the $234 million estimate. EchoStar — EchoStar dipped 1% after reporting earnings that disenchanted traders. DirecTV’s proposed acquisition of EchoStar subsidiary Dish was possible lifeless after a gaggle of bondholders rejected a proposed debt provide. Spotify — The music streaming platform climbed 8% after a fourth-quarter revenue forecast topped analysts’ estimates. Spotify month-to-month energetic customers within the third quarter totaled about 640 million, up 11% from a yr earlier and above the 639 million analysts had forecast, in response to FactSet. But, Spotify’s third-quarter earnings and income trailed expectations. Skyworks Options — Shares fell 6% after the semiconductor firm’s fiscal first-quarter steerage was lighter than analysts had anticipated. Regardless of this, Skyworks third-quarter earnings beat analyst estimates whereas income matched expectations. Maplebear — The proprietor of the Instacart grocery supply enterprise slid 6% after steerage for fourth-quarter adjusted EBITDA got here in beneath analysts’ expectations, in response to FactSet. In the meantime, Maplebear reported third-quarter earnings and income that each beat analyst estimates. Rivian Automotive — Shares popped 7% after the electrical car producer introduced its three way partnership with Volkswagen Group in a deal value $5.8 billion. The primary Volkswagen fashions to make use of Rivian’s software program and electrical structure might arrive as early as 2027. Rocket Lab — Shares of the satellite tv for pc firm soared virtually 25% after posting sturdy third-quarter monetary outcomes and asserting the primary buyer for its Neutron car. Quarterly income of $104.8 million exceeded analysts’ expectation of $102 million, in response to LSEG. The corporate additionally forecast income for its fourth quarter in a variety above what analysts had predicted. Flutter Leisure — The net playing firm jumped 5% after third-quarter adjusted earnings per share of 43 cents topped the ten cents that analysts polled by LSEG had anticipated. Flutter’s $3.25 billion income additionally exceeded an estimated $3.07 billion. Rocket Firms — The house lender tumbled 12% after guiding for fourth-quarter income of $1.05 billion to $1.20 billion, whereas analysts had estimated $1.36 billion, in response to LSEG. However, Rocket’s third-quarter income of $1.32 billion beat the $1.29 billion analysts had anticipated and its per-share earnings of 8 cents was in keeping with forecasts. SoundHound AI — The voice recognition inventory retreated 6%, regardless of fourth-quarter income beating estimates whereas the quarterly loss was narrower than analysts had anticipated, in response to LSEG. SoundHound additionally guided for fiscal yr 2024 and 2025 income ranges that have been in keeping with Avenue estimates. Amgen — The drugmaker added 2% after saying it did not see an affiliation between the administration of its experimental weight-loss injection, MariTide, and adjustments in bone mineral density. Amgen fell 7% Tuesday after Wall Avenue analysts mentioned extra information from an early-stage trial confirmed the best dose of MariTide was linked to lack of bone mineral density. Spirit Airways — Shares plummeted almost 67% after The Wall Avenue Journal reported that the funds airline might file for chapter inside weeks following failed merger talks with competitor Frontier Group Holdings . Spirit mentioned on Tuesday that it is in talks with collectors in an effort to spice up liquidity. Starbucks — The coffeehouse chain edged down greater than 1% after Redburn Atlantic downgraded the inventory to promote, saying additional declines are doable. The struggling inventory has underperformed this yr, rising 2.9% in comparison with the S & P 500’s rally of greater than 25%. — CNBC’s Michelle Fox, Alex Harring, Sarah Min and Pia Singh contributed reporting.
