Stocks making the biggest moves premarket: Alphabet, Caterpillar, Eli Lilly, DoorDash & more

These are the stocks posting the largest moves in the premarket.

Skip NavigationJoin ICJoin ProLivestreamMenuCheck out the companies making the biggest moves in premarket trading: Alphabet — The Google parent dropped 11% after its third-quarter earnings showed the company posted negative free cash flow of $9.07 billion. Its core search revenue of $63.35 billion missed the $64.96 billion estimate from analysts. Total company revenue of $127.58 billion also missed LSEG expectations of $128.22 billion. Caterpillar — Shares slid 9% even after the company reported third-quarter earnings and revenue that beat the Street. The company earned an adjusted $7.20 per share on revenue of $20.68 billion. Analysts polled by LSEG expected a profit of $7.08 per share on revenue of $20.55 billion. However, sales for its construction industries business came in slightly below estimates. DoorDash , Maplebear — DoorDash announced it is acquiring the Instacart parent for $65 per share. That is an 11% premium from Maplebear’s closing price on Wednesday. DoorDash also reported a revenue and EBITDA beat for its third quarter. Maplebear was up 4.8% before trading was halted, while DoorDash rose 7%. Eli Lilly — The Zepbound and Mounjaro maker handily beat expectations for its third quarter, sending shares 4% higher. Eli Lilly saw adjusted earnings of $7.48 per share, compared with the consensus estimate $6.26 a share, per LSEG. Revenue came in at $24.4 billion, topping the $22.61 billion expected from analysts. Marvell Technology , Lumentum — Lumentum shares jumped 5% after Bloomberg News reported, citing sources that the data center optics manufacturer was in talks to be acquired by Marvell. A deal could be announced as soon as next week, the report said . Marvell shares dropped more than 11%. Microsoft — The software giant rose 2% after the company reported a beat on the top and bottom lines for its fiscal first-quarter earnings. Revenue came in at $92.28 billion, ahead of the $90.69 billion expected by LSEG. Meanwhile, adjusted earnings of $4.89 per share was better than the $4.73 expected by analysts. Revenue in the mega-cap’s key Azure cloud business grew 48% year over year. Shell — The oil major climbed 3.6% after it nearly doubled its third-quarter profit from the year prior to $10.81 billion. Analysts polled by LSEG were expecting $9.92 billion. Norwegian Cruise Line — The cruise operator jumped 9.5% following its beat on the top and bottom lines. Norwegian reported adjusted earnings of $1.12 per share, topping the consensus estimate of 93 cents, according to FactSet. Revenue was $2.95 billion, versus the $2.88 billion anticipated by analysts. Chipotle Mexican Grill — Shares gained nearly 8% after the burrito chain reported same-store sales that beat estimates. Same-store sales in the third quarter grew 2.1%, versus the 1.5% increase analysts polled by FactSet anticipated. ServiceNow — The enterprise software company tumbled 20%. Third-quarter adjusted profit of $1 per share missed the LSEG consensus expectation of $1.02 a share. Subscription revenue guidance for the fourth quarter ranged from $4.245 billion to $4.255 billion, while the FactSet consensus called for $4.25 billion. Fortinet — The cybersecurity company plummeted 25.5%. Non-GAAP gross margin for the third quarter came in at 79.6%, while analysts polled by LSEG sought 80.1%. Separately, top and bottom-line results beat the Street’s expectations. Sprouts Farmers Market — The Phoenix-based grocery chain plunged 23% after third-quarter earnings per share, revenue and same-store sales all trailed analysts’ consensus estimates, according to FactSet data. Harley-Davidson — Shares of the motorcycle maker dropped 5% following a revenue miss in its latest quarter. Harley-Davidson posted revenue of $964.0 million, falling short of the StreetAccount consensus estimate of $1.07 billion. On the other hand, adjusted EBITDA of $93.9 million topped the FactSet consensus of $78.9 million. Crocs — The footwear stock surged nearly 18% after Crocs posted third-quarter earnings that beat expectations, and issued stronger-than-expected current quarter guidance. It posted earnings of $3.69 per share, excluding items, on revenue of $1.04 billion. Analysts polled by FactSet anticipated earnings of $3.31 per share on revenue of $1.00 billion. eBay — Shares climbed more than 6% after the company reported stronger-than-expected third-quarter results. Revenue rose 14% to $3.2 billion, while gross merchandise volume increased 15%. Growth from Depop, accelerating GMV, and raised full-year guidance gave investors further confidence in eBay’s strategy. Honeywell Aerospace — The aerospace company was down 4% even after raising its full-year outlook for pro forma standalone adjusted earnings per share, calling for $7.85 to $8. The company also announced an initial quarterly cash dividend of 40 cents per share. Carvana — The used car dealer climbed 8%. Carvana third-quarter revenue and adjusted EBITDA topped the numbers Wall Street had been expecting, and it said the Securities and Exchange Commission closed a previously disclosed investigation and would not take any enforcement action. CNBC’s Darla Mercado, Fred Imbert, Sarah Min, Paulina Likos, Scott Schnipper, Deena Zaidi and Nick Wells contributed reporting.

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