Welcome to Extreme Investor Network, where we take a deep dive into the latest news and trends in the finance world. Today, we are looking at the companies that are making headlines before the market opens.
1. Carvana (CVNA)
Shares of Carvana surged more than 19% after reporting third-quarter earnings and revenue that beat expectations. The online used car dealer earned 64 cents per share on $3.65 billion in revenue, surpassing analyst estimates. Carvana also raised its full-year outlook, projecting results significantly above its prior range.
2. Roku (ROKU)
Roku’s stock shed 14% after guiding for fourth-quarter adjusted EBITDA lower than expected. However, the company’s third-quarter earnings and revenue beat analyst estimates. Keep an eye on this streaming stock for potential fluctuations in the market.
3. eBay (EBAY)
eBay’s stock lost about 9% after the online marketplace’s fourth-quarter forecast missed Wall Street’s expectations. Despite reporting better-than-expected earnings for the previous quarter, eBay’s revenue outlook for the current quarter fell short of analyst estimates.
4. Peloton (PTON)
Shares of Peloton gained more than 8% following the announcement of a new CEO, Peter Stern. The company also posted better-than-expected results in its fiscal first quarter and raised its profit forecast for the full year. Keep an eye on Peloton’s stock for potential growth opportunities.
5. Microsoft (MSFT)
Microsoft’s stock fell nearly 4% after its forecast for the current quarter was weaker than expected. However, the company’s results in its fiscal first quarter surpassed analyst estimates. Monitor Microsoft’s stock for potential market movements in the coming days.
6. Booking Holdings (BKNG)
Booking Holdings’ stock popped 6.1% following a better-than-expected earnings report for the third quarter. The online travel company earned an adjusted $83.39 per share on $7.99 billion in revenue, beating analyst estimates. Keep an eye on Booking Holdings for potential investment opportunities.
7. Robinhood (HOOD)
Shares of Robinhood dropped 11% after third-quarter results lagged expectations. The brokerage firm’s revenue was hurt by marketing promotions used to attract new customers. Monitor Robinhood’s stock for potential fluctuations in the market.
8. Uber Technologies (UBER)
Uber’s stock lost more than 6% after the ride-hailing company missed third-quarter expectations for gross bookings. Despite falling short on gross bookings, Uber’s revenue topped Street expectations. Keep an eye on Uber’s stock for potential market movements.
9. Comcast (CMCSA)
Comcast’s stock climbed nearly 6% after the theme park and media company’s third-quarter earnings and revenue beat analyst estimates. The company is also considering spinning out its cable networks business into a separate company. Monitor Comcast’s stock for potential growth opportunities.
10. Super Micro Computer (SMCI)
The maker of high-efficiency servers fell around 5% after its auditor resigned due to concerns over board independence and accounting practices. Keep an eye on Super Micro Computer for potential developments in the company.
At Extreme Investor Network, we keep you informed about the latest developments in the finance world. Stay tuned for more updates on market trends, investment opportunities, and expert analysis.