Check out the companies making the biggest moves in pre-market trading: Uber Technologies — The ride-hailing company fell 5% after announcing fourth-quarter adjusted EBITDA in the range of $2.41 billion to $2.51 billion, versus the $2.47 billion expected by analysts surveyed by FactSet. Third-quarter sales beat Wall Street expectations, coming in at $13.47 billion, compared to $13.28 billion expected by analysts polled by LSEG. It’s unclear whether earnings of $3.11 per share compare to the consensus estimate of 68 cents. Norwegian Cruise Line Holdings — The cruise line fell more than 10% after third-quarter revenue of $2.94 billion fell short of analysts’ expectations of $3.02 billion surveyed by FactSet. Adjusted profit exceeded expectations. In line with this, shares of Royal Caribbean and Carnival both fell about 4%. Spotify Technology — The music streaming platform rose nearly 5% on third-quarter revenue of 4.27 billion euros, beating analysts surveyed by LSEG’s forecast of 4.23 billion euros. Yum Brands — The restaurateur’s stock rose 2% after it reported quarterly profit and sales growth due to strong demand for Taco Bell and increased sales of KFC in the United States. The chain announced plans to review strategic options for Pizza Hut. Sarepta Therapeutics — Shares plunged 35% after the company announced that a late-stage study testing two gene-targeted therapies for Duchenne muscular dystrophy missed its primary goal. Palantir Technologies — Shares fell 7% as Palantir reported fiscal fourth-quarter profits and sales that beat expectations and raised sales guidance for the quarter and full year. But expectations for the report are high, with Palantir soaring 20% in the last month and nearly 30% over the past three years. Henry Schein — The medical products provider posted third-quarter adjusted earnings per share of $1.38, beating the FactSet consensus estimate of $1.28, and soaring 8%. Sales came in at $3.34 billion, compared to analysts’ expectations of $3.28 billion, and the company also raised its full-year forecast. Upwork — Shares rose 20% after the freelance labor platform reported better-than-expected third-quarter profits. Upwork’s adjusted earnings were 36 cents, beating the consensus estimate of 29 cents from analysts surveyed by FactSet. Revenue was $201.7 million, beating average estimates of $193.3 million. VICTORIA’S SECRET — The specialty retailer fell nearly 4% after the Wall Street Journal reported that BBRC International, which owns about 13% of Victoria’s Secret, sent a letter to the company’s board this week asking for the removal of Chairman Donna James and her appointment to the board. DraftKings, Flutter Entertainment — Both online gambling platforms fell nearly 3% after Bank of America Securities downgraded them from buy to neutral, citing concerns about volatility, long-term returns and tax headwinds. The bank has concerns about Flutter’s structural ownership and UK tax audit. Archer Daniels Midland — Shares of the global agricultural company fell nearly 8% after the company lowered its full-year adjusted profit outlook. However, the third quarter results exceeded analysts’ expectations. Ferrari — Ferrari’s U.S.-listed shares rose 1% after the Italian automaker reported third-quarter profit that beat analysts’ expectations. Ferrari posted a net profit of 382 million euros, exceeding LSEG’s forecast of 367 million euros. Vertex Pharmaceuticals — The biotech company fell 3% after reporting mixed third-quarter results. Vertex earned an adjusted profit of $4.80 per share on sales of $3.08 billion, compared to the $4.58 per share expected by analysts polled by FactSet on sales of $3.06 billion. IAC — Media owner People and Care.com fell 4.5% after its quarterly results fell short of analysts’ expectations and its full-year outlook was revised downward. IAC’s third-quarter adjusted EBITDA was $29.1 million, lower than the $51.3 million posted by analysts surveyed by FactSet. Revenue of $589.8 million also fell short of the consensus estimate of $601.2 million. Eaton — The power management company fell 4% after lackluster third-quarter results. Eaton reported adjusted earnings of $3.07 on revenue of $6.99 billion, compared with analyst estimates compiled by FactSet for earnings of $3.05 per share and revenue of $7.07 billion. —CNBC’s Fred Imbert, Lisa Han, Sarah Ming, Sean Conlon and Yun Li contributed reporting. Correction: IAC owns People and Care.com. A previous version of this article incorrectly listed assets owned by the media company.
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