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Check out the companies making headlines before the bell. Rivian Automotive – The EV maker rose 8.8% in early Wednesday trading after raising its full-year production forecast by 2,000 units to 54,000, posting a narrower-than-expected loss in the latest quarter. Lyft – Shares rose 2.9%, ahead of the rideshare company’s earnings released postmarket Wednesday. Analysts polled by FactSet’s StreetAccount expect earnings of 15 cents per share on revenue of $1.14 billion, while Lyft’s previous expectations predict revenue between $1.13 billion and $1.15 billion. Quanta Services – Shares of the electricity provider rose 1.8% after Goldman Sachs upgraded Quanta to buy, saying the stock has been beaten and presents an opportunity for investors in light of the need for continued utility investment in the modernization of the electricity grid. eBay – Shares tumbled 6.8% after the online marketplace provided weak guidance for current quarter and full year sales. Otherwise, eBay exceeded analyst estimates for third-quarter earnings per share, while revenue for the period matched the LSEG consensus forecast. Warner Bros. Discovery – The owner of HBO and The Food Network lost 0.5% premarket after revenue missed analyst estimates on three key metrics (Studios, Network and Direct-to-Consumer), as well as adjusted EBITDA for Studios and Networks, according to FactSet . Robinhood Markets – Shares fell 9% after Robinhood reported disappointing third-quarter revenue. The trading platform posted revenue of $467 million, below the consensus estimate of $478 million, according to LSEG, formerly known as Refinitiv. Estee Lauder – Shares fell 1.3% after being downgraded from outperform to market perform by TD Cowen. Continued consumer weakness in China was one of the reasons for Cowen’s call. Disney – The theme park and movie studio owner fell 0.5% ahead of earnings due after the closing bell on Wednesday. Analysts are looking forward to Disney’s revenue growth in its direct-to-consumer business, powered by Disney+, and how the company will boost ESPN into a full-fledged streaming segment. – CNBC’s Alex Harring, Sarah Min and Michelle Fox Theobald contributed reporting.
