Here are some companies that are making headlines for their extended deals. Maplebear — The company that owns Instacart rose 3% after a source familiar with the matter told CNBC that a deal for DoorDash to acquire the delivery service could be finalized as early as Thursday morning. DoorDash fell about 1%. Chipotle Mexican Grill — Shares rose more than 5% after the burrito chain reported better-than-expected same-store sales. Same-store sales rose 2.1% in the third quarter, compared with the 1.5% expected by analysts polled by FactSet. ServiceNow — The enterprise software company fell 15%. Third-quarter adjusted earnings were $1 per share, below LSEG’s consensus estimate of $1.02 per share. Fourth-quarter subscription revenue guidance ranged from $4.245 billion to $4.255 billion, compared to the FactSet consensus of $4.25 billion. Fortinet — Cybersecurity company plummets 25%. Non-GAAP gross margin for the quarter was 79.6%, compared to 80.1% expected by analysts surveyed by LSEG. Separately, sales and bottom line results exceeded TheStreet’s expectations. Microsoft – The software giant rose 2% after the company reported strong revenue and bottom line growth in its first quarter results. Revenue was $92.28 billion, exceeding LSEG’s forecast of $90.69 billion. Meanwhile, adjusted earnings per share were $4.89, beating analysts’ expectations of $4.73. Megacap’s core Azure cloud business saw revenue increase 48% year over year. Alphabet – Shares of Google’s parent company fell 9% in after-hours trading on Wednesday after third-quarter results showed the company had negative free cash flow of $9.07 billion. Core search revenue was $63.35 billion, lower than analysts’ expectations of $64.96 billion. Companywide revenue also came in at $127.58 billion, below LSEG’s estimate of $128.22 billion. Align Technology — The maker of orthodontic and cosmetic dentistry products fell 1% after its fourth-quarter revenue outlook fell short of 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% in the third quarter as earnings per share, sales and same-store sales all fell short of analysts’ consensus estimates, according to FactSet data. Ford Motor Co. — Shares fell nearly 2% in after-hours. The company reported third-quarter profits that beat Wall Street expectations, but revenue fell slightly. Adjusted earnings were 49 cents per share, beating LSEG’s consensus estimate of 40 cents per share, but revenue of $46.08 billion narrowly missed expectations of $46.24 billion. FedEx — Shares fell nearly 2% even as the delivery giant reported third-quarter adjusted earnings. FedEx also said it expects full-year sales to increase 12% from a year earlier, supported by stronger pricing and improved shipment volumes, which was higher than earlier expectations for an increase of about 11%. Honeywell Aerospace — The aerospace company fell more than 2% despite raising its full-year pro forma adjusted earnings per share outlook to $7.85 to $8. The company also announced an initial quarterly cash dividend of 40 cents per share. Carvana — The used car dealer rose 10%. Carvana’s third-quarter sales and adjusted EBITDA exceeded Wall Street expectations, and the Securities and Exchange Commission said it had concluded its previously disclosed investigation and would not take any enforcement action. CNBC’s Paulina Ricos, Scott Schnipper, Deena Zaidi and Nick Wells contributed reporting.
