Here’s a look at the companies making headlines before the bell: Trump Media & Technology — Shares of the parent company of Truth Social, majority-owned by Republican presidential candidate Donald Trump, traded on Election Day were up about 9% in pre-market trading. The stock is seen as an indicator of betting on the former president’s chances of winning the White House race. Palantir — The cybersecurity stock surged 14% on strong third-quarter results. Palantir reported earnings of 10 cents per share on revenue of $726 million. Analysts polled by LSEG expected earnings of 9 cents per share on revenue of $701 million. The company said there was “growing demand for artificial intelligence” and that revenue was up 30% from the previous year. NXP Semiconductors — Shares of NXP Semiconductors fell 7% after the Netherlands-based semiconductor company issued disappointing fourth-quarter guidance, pointing to macroeconomic weakness in the Americas and Europe. On the other hand, NXP’s third-quarter earnings exceeded analysts’ expectations by 2 cents per share, while its revenue of $3.25 billion was in line with expectations. Wynn Resorts — The resort and casino operator’s quarterly results fell short of expectations, sending its shares down more than 2% in premarket trading. Wynn’s adjusted earnings per share were 90 cents on revenue of $1.69 billion, missing Wall Street’s forecasts for revenue and profit, according to LSEG. Dollar Tree – Shares of Dollar Tree rose 4% after the discount retailer announced the resignation of CEO Rick Dreiling. Chief Operating Officer Michael Creedon will serve as interim CEO. Dollar Tree also reiterated its third-quarter guidance. Hims & Hers Health — The telemedicine stock rose 7.2% after its third-quarter earnings beat analysts polled by FactSet. The San Francisco-based company also issued stronger-than-expected revenue guidance for the quarter and full year. CLEVELAND-CLEVES — The steelmaker reported revenue of $4.57 billion in its latest quarter, disappointing analysts polled by LSEG who expected revenue of $4.77 billion and sending its shares down 6%. Lattice Semiconductor – The semiconductor design company reported disappointing earnings and revenue guidance for the quarter, sending its shares down more than 11%. However, Lattice reported third-quarter results that were in line with analysts’ expectations. Cirrus Logic — The semiconductor supplier forecast revenue in the range of $480 million to $540 million for the current quarter, and its shares fell nearly 11%. However, analysts polled by LSEG have been looking for $590 million. DuPont de Nemours — The chemicals stock rose more than 2% after reporting third-quarter adjusted earnings of $1.18 a share, above the $1.03 expected by analysts polled by LSEG. On the other hand, the company’s revenue of $3.19 billion missed estimates of $3.2 billion. Restaurant Brands International — Shares of Restaurant Brands International fell 2% after the parent company of Burger King reported adjusted earnings of 93 cents per share, missing the 95 cents per share expected by analysts polled by LSEG. Revenue also missed expectations, coming in at $2.29 billion, compared with the consensus estimate of $2.31 billion. Diamondback Energy — The energy stock fell 2% after reporting third-quarter adjusted earnings of $3.38 per share. Analysts had expected $3.98, according to LSEG. Diamondbank’s $2.65 billion beat consensus estimates of $2.44 billion. Boeing Co. – Shares of Boeing Co. rose 1.6% on Monday after machinists voted 59% in favor of a new labor deal, ending a more than seven-week strike that has affected the company’s aircraft production. The agreement includes a 38% wage increase for workers over four years, among other improvements. Astera Labs — Shares of Astera Labs soared 24% after the semiconductor solutions designer reported third-quarter adjusted earnings and revenue. Astera’s fourth-quarter earnings and revenue numbers also beat analysts’ expectations, according to FactSet. Marqeta – The modern card-issuing platform lost 1 cent more than expected in the third quarter, sending its shares down 39%. Marqueta’s revenue of $128 million was slightly below the FactSet consensus forecast of $128.1 million. The company also said it expected fourth-quarter revenue to rise 10% to 12% year-over-year, while analysts polled by London Stock Exchange Group (LSEG) expected growth of more than 17%. As a result, firms including Deutsche Bank, Wells Fargo and UBS have downgraded their ratings on the company, with Deutsche Bank saying uncertainty about its core business will persist. —CNBC’s Michelle Fox, Alex Harring, Hakyung Kim, Yun Li, Sarah Min and Pia Singh contributed reporting.
Copyright © 2024 - Global News Avenue - All Rights Reserved