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