Check out the companies making headlines in extended trading. Spotify Technology – Shares of the music-streaming service jumped about 8%. Total monthly active users for the third quarter came in at 640 million, reflecting an 11% jump from a year earlier and beating FactSet consensus estimates of 639.0 million. Still, Spotify fell short of the Street’s expectations on the top and bottom lines in the period. Skyworks Solutions — The semiconductor company slipped nearly 2% after posting an earnings beat in the fiscal fourth quarter. Skyworks reported adjusted earnings of $1.55 per share, while analysts polled by LSEG had forecast $1.52 per share. Revenues of $1.02 billion came in line with estimates. Meanwhile, the company’s forward guidance for the first quarter came in lighter than expectations. Cava — The fast-casual chain popped 14% after reporting a top- and bottom-line beat in the third quarter. Cava announced earnings of 15 cents per share on revenues of $244 million. Meanwhile, analysts had forecast earnings of 11 cents per share and $234 million in revenues, per LSEG. Occidental Petroleum — Shares of the oil company added 0.9% on mixed third-quarter results. Occidental Petroleum reported adjusted earnings of $1 per share, which beat consensus estimates by 26 cents, per LSEG. However, revenues of $7.15 billion came below the $7.23 billion expected by analysts. Maplebear — Shares lost 3% even after the grocery delivery company reported 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 LSEG expected a profit of 22 cents per share on revenue of $844 million. Rivian Automotive — The electric vehicle manufacturer gained 5% after announcing its joint venture with Volkswagen Group. The deal, worth $5.8 billion, will combine Volkswagen models with Rivian’s software and electrical architecture. Rocket Lab – Shares of the launch service provider surged more than 22%. Rocket Lab forecasted fourth-quarter revenue of $125 million to $135 million, besting the Street’s estimate for $122 million, per LSEG. The company’s third-quarter results also topped estimates, with Rocket Lab posting a narrower-than-expected loss for the period. Flutter Entertainment – The gambling company added nearly 5%. Flutter reported third quarter adjusted earnings of 43 cents per share on revenue of $3.25 billion. That topped the Street’s estimates for 10 cents per share in earnings and revenue of $3.07 billion. — CNBC’s Fred Imbert and Darla Mercado contributed reporting
#Stocks #making #biggest #moves #hours #Spotify #Technology #Cava #Rivian #Automotive
regwall-marketmovers,Rocket Lab USA Inc,CAVA Group Inc,Instacart (Maplebear Inc),Flutter Entertainment PLC,Flutter Entertainment PLC,Rivian Automotive Inc,Spotify Technology SA,Dividends,Skyworks Solutions Inc,Occidental Petroleum Corp,Earnings,Market Insider,Markets,Economy,Stock markets,Breaking News: Markets,Business,business news
latest news today, news today, breaking news, latest news today, english news, internet news, top news, oxbig, oxbig news, oxbig news network, oxbig news today, news by oxbig, oxbig media, oxbig network, oxbig news media
HINDI NEWS
