Check out the companies making the biggest moves at noon: ADT — Home security stocks soared about 34% after ADT announced it would be acquired by Thrive Holdings in an all-cash $15.3 billion deal. The transaction is expected to close in the first quarter of 2027. Glaukos — This pharmaceutical company focused on eye diseases saw its stock soar 32% after reporting third-quarter results. Glaukos had revenue of $211 million, beating the FactSet consensus of $168 million. Adjusted earnings per share came to 47 cents, but it’s unclear whether that’s in line with expectations. The company also raised its full-year earnings forecast. Textron — Shares of the aircraft and defense systems maker rose nearly 15% after better-than-expected third-quarter profits. Textron’s earnings, excluding certain items, were $1.76 per share, beating FactSet’s estimate of $1.43 per share. The company also raised its full-year profit forecast. Boot Barn — The apparel retailer’s stock rose about 14%. Gross margin for the quarter was better than expected, coming in at 37.2% versus the StreetAccount consensus estimate of 36.6%. Second-quarter earnings were $1.73 per share on revenue of $581.8 million, beating analysts’ estimates of $1.64 per share and $580.8 million, according to FactSet. Sprouts Farmers Market — The grocery store chain’s stock fell 22% after third-quarter earnings and sales fell short of expectations. The company also lowered its full-year earnings per share forecast to around $4.80 per share from the previous range of $5.32 to $5.40. Alphabet — Shares fell nearly 12% after the Google parent company’s 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. Caterpillar — Shares fell more than 7% even after the company reported third-quarter earnings and earnings that beat the Street. The company had adjusted earnings per share of $20.68 billion and profit of $7.20. Analyst estimates compiled by LSEG were for earnings of $7.08 per share and sales of $20.55 billion. However, sales in the construction business were slightly lower than expected. DoorDash, Maplebear — DoorDash announced it will acquire the parent company of Instacart for $65 per share. This represents an 11% premium to Maple Bear’s Wednesday closing price. DoorDash also reported third-quarter revenue and EBITDA beats. Maple Bear stock fell about 2%, while DoorDash stock rose 4%. Eli Lilly — The maker of Zepbound and Mounjaro handily beat expectations for the third quarter, sending its stock up 6%. Eli Lilly’s adjusted earnings were $7.48 per share, compared to the consensus estimate of $6.26 per share, according to LSEG. Sales totaled $24.4 billion, exceeding analysts’ expectations of $22.61 billion. Marvell Technology, Lumentum — Lumentum shares rose 3% after Bloomberg News reported, citing sources, that the data center optics maker was in talks to be acquired by Marvell. According to reports, a deal could be announced as early as next week. Marvell stock fell more than 11%. Shell — Shares rose 2% after the oil giant’s third-quarter profit nearly doubled from a year earlier to $10.81 billion. Analyst estimates compiled by LSEG were $9.92 billion. Norwegian Cruise Line — The cruise line rose 13% on revenue and bottom line growth. Norwegian reported adjusted earnings of $1.12 a share, beating consensus estimates of 93 cents, according to FactSet. Sales came in at $2.95 billion, compared to analysts’ expectations of $2.88 billion. Chipotle Mexican Grill — Shares rose 8% 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’s stock price fell 26%. Adjusted earnings for the third quarter 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 — The cybersecurity company’s stock plummeted 21%. 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. Crocs — The footwear stock rose about 26% after Crocs reported better-than-expected third-quarter profits and provided better-than-expected guidance for the current quarter. Excluding items, earnings per share were $3.69, and sales were $1.04 billion. Analysts polled by FactSet had expected earnings of $3.31 per share and revenue of $1 billion. eBay — Shares rose more than 3% after the company reported better-than-expected third-quarter results. Sales increased 14% to $3.2 billion and total distribution increased 15%. Growth from Depop, accelerating GMV, and a raised full-year outlook gave investors more confidence in eBay’s strategy. Honeywell Aerospace — Shares fell 10% even after the aerospace company raised its full-year pro forma adjusted earnings per share outlook, increasing the expected price from $7.85 to $8. The company also announced an initial quarterly cash dividend of 40 cents per share. Carvana — The used car dealer’s stock rose 15%. 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 Darla Mercado, Sarah Ming, Paulina Ricos, Scott Schnipper, Deena Zaidi and Nick Wells contributed reporting.
