Check out the companies making headlines over the long term. Spotify Technology — Shares of the music streaming service rose about 8%. The total number of monthly active users in the third quarter was 640 million, an increase of 11% year-over-year, exceeding the FactSet consensus estimate of 639.0 million. Still, Spotify’s revenue and profit fell short of Wall Street’s forecasts in the period. Skyworks Solutions — Shares of Skyworks Solutions fell nearly 2% after the semiconductor company beat fiscal fourth-quarter profit estimates. Skyworks reported adjusted earnings of $1.55 per share, while analysts polled by LSEG had forecast earnings of $1.52 per share. Revenue of $1.02 billion was in line with expectations. Meanwhile, the company’s forward guidance for the first quarter was lower than expected. Cava — Shares of Cava rose 14% after the fast-casual chain reported revenue and profit growth in the third quarter. Cava reported earnings of 15 cents per share on revenue of $244 million. Meanwhile, analysts expect LSEG to earn 11 cents per share on revenue of $234 million. Occidental Petroleum — Shares of Occidental Petroleum rose 0.9% after the oil company reported mixed third-quarter results. Occidental Petroleum reported adjusted earnings of $1 per share, beating the LSEG consensus estimate by 26 cents. However, revenue of $7.15 billion fell short of analysts’ expectations of $7.23 billion. Maplebear — Shares of the grocery delivery company fell 3% despite reporting third-quarter results that beat analysts’ expectations. Maplebear, also known as Instacart, earned 42 cents per share on revenue of $852 million. Analysts polled by London Stock Exchange Group (LSEG) expected profits of 22 cents per share on revenue of $844 million. Rivian Automotive — Shares of Rivian Automotive rose 5% after the electric car maker announced a joint venture with Volkswagen Group. The deal, valued at $5.8 billion, will combine Volkswagen models with Rivian’s software and electrical architecture. Shares of Rocket Lab — the launch services provider — soared more than 22%. Rocket Lab forecast fourth-quarter revenue of $125 million to $135 million, above Wall Street expectations of $122 million. The company’s third-quarter results also beat expectations, with Rocket Lab reporting a smaller-than-expected third-quarter loss. Flutter Entertainment – Shares of the gaming company rose nearly 5%. Flutter reported third-quarter adjusted earnings of 43 cents per share on revenue of $3.25 billion. That beat Wall Street expectations for earnings of 10 cents a share, on revenue of $3.07 billion. —CNBC’s Fred Imbert and Darla Mercado contributed reporting
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