Check out the companies making headlines before the bell: Elevance Health – Shares fell more than 10% after the health insurer reported weaker-than-expected third-quarter earnings. In a statement, CEO Gil Boudreau said the company remains “confident” amid “unprecedented challenges in the Medicaid space.” Shares of healthcare companies Molina Healthcare and Centene also fell by about 9% and more than 7%, respectively. Taiwan Semiconductor – The stock rose more than 8% after the company reported a 54% increase in third-quarter net earnings. Shares of chip giant Nvidia – a TSMC client – rose more than 3% in sympathy after quarterly results. Expedia – Shares jumped nearly 5% after the Financial Times, citing people familiar with the process, reported that Uber had explored a potential takeover bid for the online travel company. According to Financial Times sources, Uber's interest in Expedia was at an “early stage.” Uber shares fell by more than 2%. Lucid Group – Stock fell 18% after the electric automaker announced a public offering of approximately 262.5 million shares of its common stock. Lucid also said that its majority shareholder, Ayyar Investment Company III, a subsidiary of the Public Investment Fund of Saudi Arabia, will buy more than 374.7 million shares of its common stock. Nokia – Shares fell more than 5% after the company reported an 8% drop in sales in the third quarter, citing a slowdown in the Indian market. However, Nokia's profits during that period increased by 22%. Looking ahead, CEO Pekka Lundmark said in a statement that he expects full-year earnings to come “within the bottom half” of the guidance range. CSX – Transportation stock fell more than 4% after the company's weaker-than-expected quarterly results. For the third quarter, CSX reported earnings of 46 cents per share on revenue of $3.62 billion. That's below the 48 cents in earnings per share and $3.67 billion in revenue that analysts had expected, per LSEG. Alcoa – Shares rose nearly 7% after the aluminum producer's earnings beat. Alcoa reported third-quarter adjusted earnings of 57 cents per share, versus the 28 cents per share expected from analysts surveyed by LSEG. However, revenue came in at $2.90 billion, below consensus estimates of $2.97 billion. Kinder Morgan – The energy infrastructure stock fell 2.1% after third-quarter earnings beat analysts' expectations. Kinder Morgan reported adjusted earnings per share of 25 cents on revenue of $3.70 billion. Analysts polled by LSEG had expected 27 cents in earnings per share and $3.98 billion in revenue. — CNBC's Alex Haring and Michelle Fox Theobald contributed reporting.
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