Check out the companies making headlines before the bell: Alphabet — The search giant jumped more than 7% after strong results that were boosted by revenue from Google Cloud and YouTube advertising. Alphabet earned $3.10 per share, on an adjusted basis, more than the $2.33 per share expected by analysts polled by LSEG. Revenue of $102.35 billion exceeded the $99.89 billion consensus estimate. Meta Platforms — The Instagram parent slumped more than 8% after raising its capital expenditures outlook to invest more in artificial intelligence. Meta expects to spend between $70 billion and $72 billion, up from previous guidance of $66 billion to $72 billion. The forecast overshadowed better-than-expected earnings and revenue in the third quarter. Microsoft — The Windows and Xbox owner fell 2% after finance chief Amy Hood said capital spending will accelerate this fiscal year. Microsoft posted better-than-expected results in its fiscal first quarter as revenue from its Azure cloud business soared 40%. Eli Lilly — Shares rose 5% as the anti-obesity drugmaker posted third-quarter earnings and revenue that topped estimates . Adjusted earnings came in at $7.02 per share versus analysts’ expected $5.69, while revenue was $17.60 billion against analysts’ $16.01 billion, according to FactSet. Lilly hiked its full-year revenue outlook to between $63 billion and $63.5 billion. Merck & Co. — The pharma giant fell 3% on mixed third-quarter results. Merck earned an adjusted $2.58 per share on revenue of $17.28 billion. Analysts expected a profit of $2.35 per share on revenue of $16.96 billion. But revenue from Keytruda came in at $8.14 billion, slightly below a StreetAccount consensus of $8.24 billion. Comcast — The owner of Universal Studios, NBC Universal and Xfinity reported financial results that topped expectations , sending shares nearly 2% higher. Comcast’s adjusted earnings were $1.12 per share, versus the $1.10 expected by analysts polled by LSEG. Revenue was $31.2 billion, compared to the $30.70 billion consensus estimate. MGM Resorts International — The casino stock dropped nearly 3% after third-quarter profits lagged estimates. MGM earned an adjusted 24 cents per share on revenue of $4.25 billion. Analysts polled by LSEG were expecting earnings of 40 cents per share on $4.23 billion of revenue. Shake Shack — The burger chain shed a little more than 1%. Shake Shack said to expect current-quarter revenue between $406 million and $412 million versus the consensus estimate of $412 million from analysts polled by LSEG. That overshadowed a better-than-expected earnings report for the third quarter. Starbucks — Shares dropped 3% after the coffee chain posted weaker-than-expected earnings while reporting same-store sales growth for the first time in nearly two years. Starbucks earned an adjusted 52 cents per share on $9.57 billion in revenue. Profit fell short of the 56 cents per share estimate from LSEG, but revenue exceeded the $9.35 billion forecast. Carvana — Shares of the e-commerce auto retailer dropped more than 8% after reporting $263 million in net income for the third quarter, beneath the consensus forecast of $309 million from analysts surveyed by FactSet. Quarterly revenue was above where Wall Street expected. Estee Lauder — The cosmetics maker jumped 6% on better-than-expected fiscal quarter earnings. The Clinique and Bobby Brown maker earned 32 cents per share on $3.48 billion in revenue, while analysts polled by FactSet penciled in 18 cents a share and $3.38 billion, respectively. FMC — The insecticide and herbicide chemical maker plunged 29% after slashing its quarterly dividend to 8 cents per share from 58 cents, and cutting its earnings and revenue guidance for the fourth quarter and full year. Third-quarter adjusted earnings exceeded expectations, coming in at 89 cents per share versus the 85 cents per share that analysts polled by FactSet estimated. Advance Auto Parts — The auto parts provider leaped 24% after third-quarter earnings and revenue topped Wall Street expectations. The retailer earned an adjusted 92 cents per share on revenue of $2.04 billion, while analysts surveyed by LSEG had estimated 75 cents in earnings per share and $2.02 billion in revenue in the September quarter. Cleveland-Cliffs — Shares tumbled 9% after the steelmaker said it will sell 75 million shares in a secondary offering to pay down debt. Ebay — The online marketplace dropped more than 8% after issuing a disappointing fourth-quarter earnings forecast. Third-quarter results beat on the top and bottom lines, with Ebay earning an adjusted $1.36 per share, more than the $1.33 per share expected by analysts polled by LSEG. Revenue of $2.82 billion also topped the $2.73 billion consensus estimate. Chipotle Mexican Grill — The quick-service Mexican food chain tumbled more than 17% after Chipotle cut its same-store sales forecast for the third straight quarter after a decline in foot traffic. The company now expects fiscal 2025 same-store sales to weaken by a low-single digit percentage rate. Sprouts Farmers Market — Shares plunged more than 22% after the natural and organic grocery chain reported third-quarter same-store sales and revenue that disappointed estimates compiled by FactSet. Fourth-quarter earnings per share and same-store sales guidance also missed expectations. Align Technology — The dental device maker jumped 14% after posting revenue of $995.7 million, topping analysts’ estimates of $976.4 million, according to FactSet. Align also reported better-than-expected adjusted earnings of $2.61 per share versus estimates of $2.40 per share. C.H. Robinson Worldwide — The logistics company rallied more than 13% on better-than-expected third-quarter earnings. C.H. Robinson earned an adjusted $1.40 per share, beating a StreetAccount-compiled estimate of $1.30 per share, and also authorized an additional $2 billion share buyback. Cardinal Health — The drug and medical equipment distributor surged more than 10% on the heels of better-than-expected fiscal first-quarter results. Cardinal Health posted adjusted earnings of $2.55 per share on $64 billion in revenue, above the $2.18 per share and $59 billion in revenue that analysts were estimating, according to LSEG data. Cardinal also raised its full-year earnings guidance. — CNBC’s Sean Conlon, Michelle Fox, Alex Harring, Fred Imbert and Liz Napolitano contributed reporting Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC. Versant would become the new parent company of CNBC upon Comcast’s planned spinoff of the subsidiary by yearend.
