Check out the companies making headlines in premarket trading. Fortinet – Shares fell 23.1% after the cybersecurity company missed earnings estimates and gave a weak outlook for the current quarter. Fortinet reported third-quarter revenue of $1.33 billion and expects $1.38 billion to $1.44 billion for the current quarter. Both were disappointed by analysts polled by LSEG, who expected third-quarter revenue of $1.35 billion and an estimate of $1.5 billion for the current period. Block – The fintech stock rose more than 15% in premarket trading, a day after the company reported third-quarter earnings that beat analysts’ estimates on revenue and profit. Block also saw strong growth in both Cash App and Square revenue while raising its full-year guidance. Bill Holdings – Shares of the software company fell more than 30% in premarket trading after Bill cut its full-fiscal profit and revenue forecast. The reduced forecast came despite Bill beating sales and profit estimates for the fiscal first quarter. Expedia – The vacation booking platform rose 10.9% after a strong third-quarter report. Expedia said Thursday that it had adjusted earnings of $5.41 per share on revenue of $3.93 billion, beating expectations of $4.93 per share from analysts surveyed by LSEG. Dollars per share and forecast sales of $3.86 billion. Apple shares fell 2.2%. On Thursday, the tech major posted its fourth consecutive decline in quarterly revenue and gave a weak outlook for December quarter sales. This outweighed the fact that the company beat analysts’ expectations in both areas in the fiscal fourth quarter. Live Nation – The ticket provider rose 2.9% daily after beating expectations for both lines in its third-quarter earnings report. Live Nation’s success story comes at a time when Taylor Swift and Beyoncé’s tours have dominated the music world, prompting fans to buy concert tickets. Paramount Global – Shares rose 5.5% after a report Thursday that beat analysts’ expectations. The media company earned an adjusted 30 cents per share on revenue of $7.13 billion, while analysts surveyed by LSEG forecast 10 cents per share on revenue of $7.10 billion. Floor & Decor Holdings – The home goods retailer fell 17%. On Thursday, Floor & Decor Holdings reported profit of 61 cents per share on revenue of $1.11 billion, while analysts polled by FactSet expected earnings of 56 cents per share on revenue of $1.12 billion. The company also lowered its full-year forecast for both divisions. Carvana – The used car retailer fell 4.3% after its Thursday earnings report showed slightly weaker sales than expected. Carvana said it had revenue of $2.77 billion for the quarter, just shy of LSEG’s consensus estimate of $2.78 billion. DraftKings – Shares rose 6.4% after the sports betting company reported third-quarter revenue that beat Wall Street expectations. Revenue rose 57% to $790 million and monthly single payer increased 40% year-over-year to 2.3 million. Coinbase – Shares fell 4.5% after the crypto company said revenue related to subscriptions and services should remain about flat in the fourth quarter compared to the previous three-month period. Otherwise, the company exceeded expectations in both divisions in the third quarter. Trupanion – Shares rose 9.3% on Friday, a day after the pet insurer’s earnings surprised Wall Street to the upside. Third-quarter revenue was $285.9 million, above the $275 million forecast from analysts surveyed by FactSet. Meanwhile, the company reported adjusted EBITDA of $6.1 million, while analysts had expected a loss of $0.6 million. Uber – The ride-hailing stock rose 1.2% after KeyBanc upgraded its sector weighting to overweight. The company said Uber, which is scheduled to report earnings next week, should see growth accelerate in the third quarter. —CNBC’s Jesse Pound, Yun Li and Michelle Fox contributed reporting.
