Check out the companies making headlines before the bell. VF Corp – Shares rose nearly 20% after better-than-expected quarterly results for parent company North Face and JanSport. For its fiscal second quarter, the company reported adjusted earnings of 60 cents per share on revenue of $2.76 billion. Analysts surveyed by LSEG were looking for 37 cents per share and revenue of $2.71 billion. VF also announced a quarterly dividend of 9 cents per share. Ford Motors – Shares of the automaker fell 7% after Ford headed to the lower end of its previously announced full-year earnings guidance, even as it slightly beat analysts' expectations in the third quarter. Ford said it now expects its adjusted earnings before interest, taxes and amortization to be about $10 billion. Ford is struggling with declining demand, high inventory and concerns about its ability to achieve cost cuts this year. Cadence Design Systems – Stock jumped more than 5% after the electronic design company's third-quarter earnings beat Wall Street estimates. Cadence Design at $1.64 per share, excluding items, had revenue of $1.22 billion, above consensus estimates of $1.44 per share and $1.18 billion in revenue, according to LSEG. The company also raised the midpoint of its 2024 non-GAAP earnings per share forecast. F5 – The cloud services stock rose more than 10% on the heels of better-than-expected results. For its fiscal fourth quarter, F5 reported adjusted earnings per share of $3.67 on revenue of $747 million. Analysts estimated EPS of $3.45 on revenue of $731 million for the period, per LSEG. BP – Shares fell more than 2% after the British oil major reported its weakest quarterly results in nearly four years. The company reported third-quarter core replacement cost earnings of $2.3 billion. While that's better than the consensus estimate of $2.1 billion, according to LSEG, that number is lower than the $2.8 billion in net profit the company reported for the second quarter and the $3.3 billion seen in last year's third quarter. McDonald's – The fast food chain reported third-quarter earnings and revenue that beat analysts' expectations, as the company reflected a decline in same-store sales compared to the previous quarter. However, shares fell more than 2% in the premarket. Pfizer – Shares rose 1.3% after the vaccine maker beat Street estimates and raised its guidance, citing higher sales from Covid-related products. Pfizer reported adjusted earnings of $1.06 per share on revenue of $17.7 billion. Trix – Shares rose 7% after the composite decking materials maker beat Street estimates. Trex reported adjusted earnings of 37 cents per share in the third quarter, higher than the 32 cents expected by analysts surveyed by FactSet. Revenues also came in above expectations at $233.7 million versus $225.4 million. Boot Barn – The western apparel retailer's stock fell more than 7% after the company's second-quarter earnings matched expectations of 95 cents per share, according to LSEG. Meanwhile, revenues beat consensus estimates. Boot Barn also said CEO Jim Conroy is set to step down effective November 22, with chief digital officer John Hazen taking over as interim CEO. In December, Conroy will join Ross Stores as CEO-elect. Cryptocurrency Stocks – Stocks linked to the price of Bitcoin rose in pre-market trading as the cryptocurrency surpassed $70,000 for the first time since June. Cryptocurrency exchange operator Coinbase advanced 3%. Bitcoin proxy MicroStrategy advanced 5%, after hitting its highest Monday close since March 2000. JetBlue – Shares of the airline fell 7% after fourth-quarter guidance called for revenue cuts. JetBlue said it expects fourth-quarter revenue to decline between 3% and 7% year over year, worse than the 1.4% decline that analysts expected, according to LSEG. JetBlue's third-quarter results beat analyst estimates on both top and bottom lines. Dr. Horton's – Stock fell 10% after the homebuilder reported disappointing fourth-quarter results. Earnings were $3.92 per share, below the $4.17 per share expected from analysts surveyed by LSEG. Revenue was $10 billion, below consensus estimates of $10.22 billion. Price fluctuations may keep some buyers on the sidelines in the near term, Dr. Horton said. Robinhood Markets – Shares rose more than 1% after Mizuho raised its price target on the financial services platform ahead of the company's third-quarter earnings results after the market closed on Wednesday. PayPal – Shares fell 3% after PayPal reported third-quarter revenue that beat expectations. Revenue of $7.85 billion was weaker than the $7.88 billion expected by analysts polled by FactSet. On the other hand, adjusted earnings per share of $1.20 beat estimates of $1.07. Xerox – Stock fell more than 18% after the printer maker reported much weaker-than-expected quarterly results. Xerox earned 21 adjusted cents per share on revenue of $1.53 billion. Analysts surveyed by StreetAccount expected earnings of 51 cents per share on revenue of $1.63 billion. The company also lowered its full-year free cash flow guidance and now sees 2024 revenue declining by 10%. Crocs – Shares fell about 12% even though the company's third-quarter earnings beat estimates. Crocs earned $3.60 per share, excluding items, on revenue of $1.06 billion, above the consensus estimate of $3.10 per share on revenue of $1.05 billion, according to FactSet. However, the range of its forecasts for the fourth quarter was lower than analysts expected. The company also narrowed its full-year forecasts. — CNBC's Lisa Kailai Hahn, Samantha Sobin, Jessie Pound, Sarah Min, Pia Singh, Tanaya Machel and Michelle Fox Theobald contributed reporting.
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