Check out the companies making headlines before the market opens. McDonald’s — Shares of McDonald’s fell more than 6% after the U.S. Centers for Disease Control and Prevention said an E. coli outbreak linked to the fast-food company’s Quarter Pounder burgers has resulted in 10 hospitalizations and one death. Starbucks — Shares fell 4.5% after the coffee chain’s preliminary fourth-quarter earnings showed a drop in sales. Starbucks also paused its 2025 forecast. BOEING – The defense stock fell 0.6% after third-quarter results. The company pre-announced revenue of $17.84 billion, higher than LSEG’s forecast of $17.82 billion. Boeing reported a loss of $10.44 per share. Free cash flow was also negative $1.95 billion due to losses in the commercial aircraft and defense segments. Enphase Energy — Shares of Enphase Energy fell 15% after the solar technology company issued a lower-than-expected fourth-quarter revenue outlook. Enphase expects revenue for the current quarter to be between $360 million and $400 million, while analysts polled by LSEG forecast $435.8 million. Third-quarter results also fell short of expectations. AT&T — The telecommunications company’s shares rose more than 2% on higher third-quarter earnings. Adjusted earnings per share were 60 cents, above analysts’ expectations of 57 cents per share. However, revenue of $30.21 billion missed the consensus estimate of $30.44 billion. Coca-Cola – Shares fell 2.1% despite better-than-expected third-quarter results. Coca-Cola reported adjusted earnings of 77 cents per share on adjusted revenue of $11.95 billion. Analysts polled by LSGE expected earnings of 74 cents per share on revenue of $11.6 billion. While the company has not released a full 2025 outlook, it said it expects currency headwinds to impact its performance next year. Hilton Worldwide Holdings — The hotel chain reported third-quarter revenue of $2.87 billion, missing the $2.91 billion expected by analysts polled by LSEG. Shares fell 4.3%. The company also issued weaker profit guidance for the current quarter. Texas Instruments — Shares of Texas Instruments rose 3% after the semiconductor company reported better-than-expected third-quarter profit and revenue. Texas Instruments (TI) earned $1.47 per share on revenue of $4.15 billion, beating analysts’ expectations of $1.38 per share on revenue of $4.12 billion, according to LSEG. Seagate Technology — The data storage stock fell more than 4%. Seagate expects second-quarter revenue of $2.3 billion, in line with LSEG’s forecast. Seagate’s first-quarter results exceeded analysts’ expectations on both revenue and profit. Deutsche Bank — U.S.-traded shares of the investment bank fell about 2%. Although the company reported profit, it fell short of analysts’ expectations. Deutsche Bank reported third-quarter net profit of 1.46 billion euros, below FactSet’s forecast of 1.52 billion euros. GE Vernova — Shares of GE Vernova fell more than 4% after the power company reported quarterly earnings that missed expectations. GE Vernova reported third-quarter adjusted earnings of 4 cents per share, while analysts polled by LSEG had expected 18 cents per share. Meanwhile, revenue was $8.91 billion, above expectations of $8.78 billion. Qualcomm – British chip designer Arm plans to cancel a key licensing agreement with the company, Bloomberg reported, citing a filing, sending the company’s shares down 3.5%. Stride – Shares of Stride soared more than 25% after the technology company’s quarterly results topped Wall Street expectations. In the first quarter of fiscal 2025, Stride earned 94 cents per share on revenue of $551.1 million. That was well above the 22 cents a share and revenue of $504.3 million expected by analysts polled by FactSet. Winnebago Industries – The recreational vehicle maker’s fourth-quarter profit fell short of expectations and its shares fell more than 8%. The company reported excluding earnings of 28 cents per share, compared with the FactSet consensus of 89 cents per share. Full-year guidance was lower than expected. General Dynamics — Shares of the defense contractor fell 1.3% after third-quarter results missed expectations. General Dynamics reported earnings of $3.35 per share on revenue of $11.67 billion. Analysts polled by London Stock Exchange Group (LSEG) expected revenue of $3.47 a share on revenue of $11.64 billion. Both profit and revenue increased compared with the same period last year. Spirit Airlines – Shares of Spirit Airlines soared more than 28% after the Wall Street Journal reported that the budget airline has restarted merger discussions with Frontier Airlines. —CNBC’s Sarah Min, Alex Harring, Lisa Kailai Han, Jesse Pound and Sean Conlon contributed reporting
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