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Take a look at the companies making headlines in premarket trading on Tuesday. Uber – Shares of the ride-hailing company rose 2% after Uber’s third-quarter gross bookings of $35.3 billion exceeded the company’s expectations of $29 billion to $30 billion. UBS – Shares of the Swiss-based bank rose more than 3% after UBS posted underlying pre-tax operating profit of $844 million, well above consensus expectations. Including $2 billion in costs related to the integration of fallen rival Credit Suisse, UBS posted a wider-than-expected third-quarter net loss attributable to shareholders of $785 million. Planet Fitness — The gym chain climbed 8.8% after beating expectations on both lines for the third quarter and raising guidance for the year. Planet Fitness reported earnings per share of 59 cents, excluding items, and revenue of $277.6 million. Analysts polled by FactSet expected earnings of 55 cents per share on revenue of $268.2 million. Vibrant Seating — The online ticket market increased by 8.6%. The rally comes after the company beat analysts’ consensus expectations for third-quarter revenue, while also offering stronger-than-expected guidance for both full-year 2023 and 2024. Vivid Seats also confirmed it would acquire Vegas.com in a $240 million deal. Tripadvisor – Travel stock rose more than 10% after Tripadvisor posted quarterly results that exceeded analyst expectations. Tripadvisor reported earnings of 52 cents per share on revenue of $533 million, versus the 47 cents per share on revenue of $505 million expected by analysts polled by LSEG. Coterra Energy – Shares rose 3% in premarket trading Tuesday, a day after the company’s earnings report. Coterra beat earnings estimates from analysts polled by FactSet, while also raising full-year production expectations. Sanmina – Shares fell 11.7% after the electronics manufacturer provided weak guidance. The company expects fiscal first quarter revenue of between $1.85 billion and $1.95 billion. That is well below the StreetAccount consensus of $2.19 billion. Hims & Hers Health – Shares of Hims & Hers Health rose 5% in premarket trading. The telehealth company on Monday reported third-quarter revenue that beat expectations, while also raising its full-year guidance and announcing a $50 million stock buyback program. Peloton – Shares fell more than 5% after Deutsche Bank downgraded the stock to hold from buy. The company cited the lack of clarity about the fitness equipment maker’s growth prospects. It also lowered its price target for Peloton to $4 from $13 per share, implying about 20% downward pressure from Monday’s close. DigitalOcean — Cloud computing stocks rose 6.1% after a double upgrade from buy to sell by Goldman Sachs. The company says DigitalOcean has underestimated structural improvements, while cyclical risks have already been priced in. – CNBC’s Yun Li, Jesse Pound, Lisa Kailai Han, Sarah Min and Michelle Fox contributed their report
