Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPRO
LivestreamMenuHere are some of the companies making headlines in extended trading. Maplebear — The company that owns Instacart gained 3% after sources familiar with the matter told CNBC that DoorDash’s deal to buy the delivery service could arrive as soon as Thursday morning. DoorDash fell about 1%. Chipotle Mexican Grill — Shares gained more than 5% 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 15%. 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%. 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. 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. Alphabet – Shares of the Google parent are down 9% in extended trading Wednesday 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. Align Technology — The maker of orthodontics and aesthetic dentistry products dropped 1% after fourth-quarter revenue guidance missed analysts’ consensus estimates, according to FactSet data. The company also named Procter & Gamble alumna Jennifer Davis as its new CEO, effective Dec. 31. Sprouts Farmers Market — The Phoenix-based grocery chain plunged 18% after third-quarter earnings per share, revenue and same-store sales all trailed analysts’ consensus estimates, according to FactSet data. Ford Motor — Shares fell nearly 2% after hours. The company reported third-quarter earnings that beat Wall Street’s estimates but slightly missed on revenue. Adjusted earnings of 49 cents a share topped the LSEG consensus estimate of 40 cents per share, while revenue of $46.08 billion narrowly missed the $46.24 billion expected. FedEx — Shares fell almost 2% even as the delivery giant reported third quarter adjusted earnings that beat expectations. FedEx also said expects its full-year revenue growth at 12% year over year, up from the earlier call for an increase of roughly 11%, supported by stronger pricing and improved shipment volumes. Honeywell Aerospace — The aerospace company was down more than 2% 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 10%. 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 Paulina Likos, Scott Schnipper, Deena Zaidi and Nick Wells contributed reporting.














