Take a look at the companies making headlines in extended trading. Live Nation Entertainment – Shares of the ticket provider climbed nearly 3% after a beat on the top and bottom lines in the third quarter. Live Nation reported $1.78 in earnings per share on $8.15 billion in revenue versus estimates from analysts surveyed by LSEG, formerly Refinitiv, of $1.27 in earnings. per share on $6.99 billion in revenue. Insulet – Shares added nearly 10% after beating both third-quarter earnings and revenue estimates. Revenue came in at $432.7 million, while analysts polled by FactSet had expected revenue of $414.3 million. Apple – Shares of the iPhone maker slipped 3% after Apple posted its fourth consecutive quarterly decline in total sales and offered a weak outlook for December quarter earnings. Revenue for the fiscal fourth quarter came in at $89.50 billion, above the $89.28 billion expected by analysts surveyed by LSEG. Apple also beat earnings per share estimates. Expedia – Stock in the travel booking company rose 9% after beating both third-quarter revenue and earnings estimates. Expedia posted adjusted earnings of $5.41 per share on $3.93 billion in revenue, while analysts polled by LSEG had forecast $4.93 per share and $3.86 billion in revenue. in. Block – Block climbed 14% after an earnings beat in the third quarter. The payment services company reported adjusted earnings of 55 cents per share on $5.62 billion in revenue, versus estimates from analysts polled by LSEG of 47 cents per share and $5.44 billion in revenue. -in. Block also raised guidance for its full-year operating income. Paramount Global – The media conglomerate’s stock soared nearly 6% after a third-quarter earnings beat. Paramount reported adjusted earnings of 30 cents per share on $7.13 billion in revenue, while analysts polled by LSEG had forecast 10 cents per share in earnings and $7.10 billion of income. Fortinet – The cybersecurity stock fell 18%. Fortinet said it sees fourth-quarter revenue between $1.38 billion and $1.44 billion, compared to Street estimates of $1.5 billion, per LSEG. Fortinet reported third-quarter revenue of $1.33 billion, falling short of analysts’ estimates of $1.35 billion. Carvana – Stock in the used car retailer advanced 6% after the company said it expects to move its gross profit per unit for the second year in a row in 2024. Carvana posted revenue- in the third quarter of $ 2.77 billion, while analysts asked for $ 2.78 billion, per unit. LSEG. DraftKings – Shares of the sports betting company added 7% in extended trading. DraftKings raised its 2023 revenue guidance, calling for $3.67 billion to $3.72 billion, while analysts polled by LSEG expected $3.55 billion. The company also said it sees 2024 revenue between $4.5 billion and $4.8 billion, compared to estimates of $4.31 billion. Trupanion – The pet health insurer jumped 13% post market after third-quarter revenue of $285.9 million beat analysts’ estimate of $275 million, and adjusted EBITDA of $6.1 million beat estimated loss of $0.6 million, according to FactSet. Floor & Decor Holdings – The flooring retailer slipped more than 15% after missing third-quarter revenue forecasts. The company reported 61 cents per share on $1.11 billion in revenue, while analysts polled by FactSet were forecasting 56 cents per share and $1.12 billion in revenue. -in. — CNBC’s Darla Mercado and Scott Schnipper contributed to the report.
