Check out the companies making headlines before the bell. Carvana – Shares soared more than 19% after third-quarter profit and revenue beat expectations. During the period, Carvana earned 64 cents per share on revenue of $3.65 billion, above the 25 cents per share and $3.45 billion expected by analysts polled by LSEG. The online used car dealer also raised its full-year forecast and said results would be “significantly above the high end of the previous range.” Roku – The streaming stock fell 14% after guiding for fourth-quarter adjusted EBITDA of $30 million, compared with the FactSet consensus of $34.4 million. The company said fourth-quarter revenue would be higher than expected. Roku’s third-quarter adjusted EBITDA and revenue also exceeded analysts’ expectations. eBay – Shares of eBay fell about 9% after the online marketplace’s fourth-quarter forecast missed Wall Street expectations. Ebay forecast total revenue for the quarter to be between $2.53 billion and $2.59 billion, below analysts’ average estimate of $2.65 billion, according to StreetAccount. In the quarter that just ended, eBay reported better-than-expected profits. Peloton – Shares rose more than 8% after it was announced that Ford executive Peter Stern would serve as the company’s next CEO. The fitness equipment and media company also reported better-than-expected fiscal first-quarter results and raised its full-year profit forecast. Microsoft — Microsoft, the parent company of Xbox and Windows, forecast a lower-than-expected quarter for the quarter, sending its stock price down nearly 4%. According to LSEG, Microsoft expects revenue between $68.1 billion and $69.1 billion, while analysts expect revenue of $69.8 billion. On the other hand, Microsoft’s fiscal first-quarter results exceeded analysts’ expectations. Booking Holdings – The online travel stock rose 6.1% after a better-than-expected third-quarter profit report. Booking.com parent company’s adjusted earnings per share were $83.39 on revenue of $7.99 billion, while analysts polled by LSEG expected earnings of $77.52 per share on revenue of $7.63 billion. Robinhood – Shares of the brokerage fell 11% after third-quarter results lagged expectations. Robinhood earned 17 cents per share on revenue of $637 million. Analysts polled by London Stock Exchange Group (LSEG) expected the stock to earn 18 cents per share, valuing the stock at $658 million. Robinhood’s chief financial officer said on an earnings call that marketing promotions used to attract new customers hurt revenue. Uber Technologies – Shares of Uber Technologies fell more than 6% after the ride-hailing company’s third-quarter gross bookings missed expectations. Uber’s total bookings were $40.97 billion, missing consensus estimates of $41.25 billion, according to StreetAccount. Revenues, however, beat Wall Street expectations. Comcast — Shares of Comcast rose nearly 6% after the theme park and media company beat analysts’ expectations for third-quarter profit and revenue. Earnings per share totaled $1.12, higher than the $1.06 per share expected by analysts polled by LSEG. Revenue reached $32.07 billion, higher than the consensus estimate of $31.66 billion. The company is also considering spinning off its cable network business into a separate company. Super Micro Computer – Shares of the maker of high-performance servers fell about 5%, extending Wednesday’s 32% loss after the company’s auditor resigned amid concerns about the board’s independence and accounting practices. Shares of Meta Platforms, the parent company of Facebook and Instagram, fell 3%. Meta beat Wall Street expectations, but fell short of the 3.31 billion users expected by analysts. Meta also raised its capital expenditure forecast for this year and said it expects capital expenditure to continue to grow in 2025 due to investments in artificial intelligence. Cigna – Shares of Cigna rose more than 2% after the insurance company’s third-quarter profit and revenue beat analysts’ expectations. Cigna earned $7.51 per share, excluding one-time items, on adjusted revenue of $63.7 billion. Analysts polled by FactSet expected earnings of $7.23 per share and adjusted revenue of $59.58 billion. Etsy – The online e-commerce platform for handmade or vintage goods surged 4% after reporting third-quarter results that beat analysts’ expectations. Etsy reported adjusted EBITDA of $183.6 million, above the FactSet consensus estimate of $177.4 million. Revenue of $662.4 million also beat estimates of $652.5 million. Coinbase – Shares of the cryptocurrency trading platform fell more than 2% after third-quarter profit and revenue fell short of Wall Street expectations. Coinbase earned 28 cents on revenue of $1.21 billion in the period, missing consensus estimates of 41 cents and $1.26 billion, according to LSEG. —CNBC’s Alex Harring, Samantha Subin, Jesse Pound, Lisa Kailai Han, Sarah Min and Michelle Fox Theobald contributed reporting. Comcast is the parent company of NBCUniversal, which owns CNBC.
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