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See the companies making headlines in premarket trading. Fortinet – Shares fell 23.1% after the cybersecurity company missed earnings estimates and gave weak guidance for the current quarter. Fortinet posted revenue of $1.33 billion in the third quarter and expects to see between $1.38 billion and $1.44 billion for the current quarter. Both analysts surveyed by LSEG expected third-quarter revenue of $1.35 billion and a current period estimate of $1.5 billion. Block – The fintech stock rose more than 15% in premarket trading, a day after the company reported third-quarter earnings that beat top- and bottom-line analyst expectations. Block also showed strong growth in both Cash App and Square revenue, while raising full-year expectations. Bill Holdings – Shares of the software company fell more than 30% in premarket trading after Bill cut his earnings and revenue expectations for the full fiscal year. The lowered expectations came despite Bill exceeding expectations for the first budget quarter. Expedia — The vacation booking platform rose 10.9% after a strong third-quarter report. Expedia said Thursday that it earned adjusted earnings of $5.41 per share on revenue of $3.93 billion, exceeding expectations set by analysts polled by LSEG, which forecast $4.93 per share and revenue of $3. 86 billion. Apple – Shares fell 2.2%. On Thursday, the major tech company posted its fourth straight quarterly revenue decline and gave a soft outlook for December quarter revenue. That outweighed the fact that the company exceeded analyst expectations on both fronts in its fiscal fourth quarter. Live Nation – The ticket provider rose 2.9% daily after beating expectations for both lines in reporting third-quarter earnings. Live Nation’s blockbuster report comes as Taylor Swift and Beyoncé’s tours have dominated the music world and prompted fans to buy concert tickets. Paramount Global – Shares rose 5.5% after issuing a report Thursday that beat analyst expectations. The media company earned an adjusted 30 cents per share on revenue of $7.13 billion, while analysts surveyed by LSEG forecast revenue of 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 earnings of 61 cents per share on revenue of $1.11 billion, while analysts polled by FactSet expected 56 cents per share on revenue of $1.12 billion. The company also lowered its full-year guidance for both lines. Carvana – The used car seller fell 4.3% after Thursday’s earnings report showed slightly weaker than expected sales. Carvana said it saw revenue of $2.77 billion for the quarter, a hair below the consensus estimate of $2.78 billion compiled by LSEG. DraftKings – Shares fell 6.4% after the sportsbook company reported third-quarter revenue that beat Wall Street expectations. Revenue rose 57% to $790 million and the number of unique monthly payers rose 40% year over year to 2.3 million. Coinbase – Shares lost 4.5% after the crypto company said fourth-quarter subscription and services revenue should remain about flat compared to the previous three-month period. Elsewhere, the company exceeded expectations on both lines in the third quarter. Trupanion – Shares rose 9.3% on Friday, a day after the pet insurer’s earnings surprised Wall Street. Third-quarter revenue came in at $285.9 million, above the $275 million forecast from analysts polled by FactSet. Meanwhile, the company saw adjusted EBITDA at $6.1 million, while analysts had expected a loss of $0.6 million. Uber – Rideshare shares rose 1.2% after being upgraded from sector weighting to overweight by KeyBanc. The company said Uber, which will report earnings next week, should show an acceleration in growth in the third quarter. — CNBC’s Jesse Pound, Yun Li and Michelle Fox contributed reporting.
