{"id":7250,"date":"2024-11-03T22:51:59","date_gmt":"2024-11-03T22:51:59","guid":{"rendered":"https:\/\/finderica.com\/cvna-ebay-msft-uber-and-more\/"},"modified":"2024-11-03T22:51:59","modified_gmt":"2024-11-03T22:51:59","slug":"cvna-ebay-msft-uber-and-more","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=7250","title":{"rendered":"CVNA, EBAY, MSFT, UBER and more"},"content":{"rendered":"<div>\n<div data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\">\n<p><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"xyz-data\">Check out the companies making headlines before the market open. Carvana \u2013 Shares surged more than 19% on the heels of a third-quarter earnings and revenue beat . For the period, Carvana earned 64 cents per share on $3.65 billion in revenue, above the 25 cents per share and $3.45 billion that analysts surveyed by LSEG were expecting. The online used car dealer also raised its full-year outlook and said that results would be &#8220;significantly above the high end&#8221; of its prior range. Roku \u2013 The streaming stock shed 14% after guiding for fourth-quarter adjusted EBITDA of $30 million, while the FactSet consensus had called for $34.4 million. The company said its fourth-quarter revenue will come in higher than expected. Roku&#8217;s third-quarter adjusted EBITDA and revenue beat also topped analyst estimates. eBay \u2013 The stock lost about 9% after the online marketplace&#8217;s fourth-quarter forecast missed Wall Street&#8217;s expectations . Ebay forecasts that revenue for the current quarter will total between $2.53 billion and $2.59 billion, below the average analyst estimate of $2.65 billion, according to StreetAccount. For the quarter just ended, eBay reported better-than-expected earnings. Peloton \u2013 Shares gained more than 8% following the announcement that Ford executive Peter Stern will serve as the company&#8217;s next CEO . The exercise equipment and media company also posted better-than-expected results in its fiscal first quarter and raised its profit forecast for the full year. Microsoft \u2013 The Xbox and Windows parent fell nearly 4% after its forecast for the current quarter came in weaker than expected . Microsoft sees revenue coming in between $68.1 billion and $69.1 billion, while analysts were estimating $69.8 billion, according to LSEG. On the other hand, Microsoft&#8217;s results in its fiscal first quarter topped analysts&#8217; estimates. Booking Holdings \u2013 The online travel stock popped 6.1% on the heels of a better-than-expected earnings report for the third quarter. The Booking.com parent earned an adjusted $83.39 per share on $7.99 billion in revenue, while analysts polled by LSEG had estimated $77.52 per share and $7.63 billion, respectively. Robinhood \u2013 Shares of the brokerage firm dropped 11% after third-quarter results lagged expectations. Robinhood earned 17 cents per share on $637 million in revenue. Analysts surveyed by LSEG were looking for 18 cents and $658 million. Robinhood&#8217;s chief financial officer said on the earnings call that revenue was hurt by marketing promotions used to attract new customers. Uber Technologies \u2013 Shares lost more than 6% after the ride-hailing company missed third-quarter expectations for gross bookings . Uber&#8217;s gross bookings of $40.97 billion were below the consensus estimate of $41.25 billion, according to StreetAccount. Revenue, however, topped Street expectations. Comcast \u2013 Shares climbed nearly 6% after the theme park and media company&#8217;s third quarter earnings and revenue beat analyst estimates. Earnings totaled $1.12 per share, topping the $1.06 per share seen by analysts polled by LSEG. Revenue of $32.07 billion topped the $31.66 billion consensus estimate. The company is also considering spinning out its cable networks business into a separate company. Super Micro Computer \u2013 The maker of high-efficiency servers fell around 5%, extending Wednesday&#8217;s 32% slump when its auditor resigned after raising concerns over the board&#8217;s independence and accounting practices. Meta Platforms \u2013 Shares of the Facebook and Instagram parent dipped 3%. Meta surpassed Wall Street estimates , but user numbers were below the 3.31 billion expected by analysts. Meta also lifted its capital spending estimate for the year and said it sees continued growth in 2025 due to AI investments. Cigna \u2013 Shares advanced more than 2% after the insurer&#8217;s third-quarter earnings and revenue beat analysts&#8217; expectations. Cigna earned $7.51 per share, excluding one-time items, on adjusted revenue of $63.70 billion. Analysts polled by FactSet were looking for $7.23 per share and $59.58 billion in adjusted revenue. Etsy \u2013 The handmade or vintage online e-commerce platform surged 4% after posting third-quarter results that surpassed analysts&#8217; expectations. Etsy reported adjusted EBITDA of $183.6 million, more than the FactSet consensus estimate of $177.4 million. Revenue of $662.4 million also surpassed the forecast $652.5 million. Coinbase \u2013 The cryptocurrency exchange platform fell more than 2% after third-quarter earnings and revenue missed Street estimates . Coinbase earned 28 cents on $1.21 billion in revenue for the period, below the consensus estimate of 41 cents and $1.26 billion, according to LSEG. \u2014 CNBC&#8217;s Alex Harring, Samantha Subin, Jesse Pound, Lisa Kailai Han, Sarah Min and Michelle Fox Theobald contributed reporting. Comcast is the parent of NBCUniversal, the owner of CNBC.<\/span><\/span><\/span><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/10\/31\/stocks-making-biggest-moves-premarket-cvna-ebay-msft-uber-and-more.html\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Check out the companies making headlines before the market open. Carvana \u2013 Shares surged more than 19% on the heels of a third-quarter earnings and revenue beat . For the period, Carvana earned 64 cents per share on $3.65 billion in revenue, above the 25 cents per share and $3.45 billion that analysts surveyed by<\/p>\n","protected":false},"author":1,"featured_media":7251,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[196],"tags":[2016,2017,1790,2018],"class_list":{"0":"post-7250","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance-news","8":"tag-cvna","9":"tag-ebay","10":"tag-msft","11":"tag-uber"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/7250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7250"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/7250\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/7251"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}