Check out the companies that made headlines before the bell: The Walt Disney Company — The media giant fell more than 4% on mixed fourth-quarter results. The company’s adjusted earnings were $1.11 per share, beating LSEG’s estimate of $1.05 per share. However, sales came in at $22.46 billion, lower than the consensus estimate of $22.75 billion. Firefly Aerospace — Shares of the Texas-based aerospace company rose more than 20% following strong third-quarter results. According to LSEG consensus estimates, Firefly reported a narrower-than-expected adjusted loss and beat revenue expectations for the same period. Firefly also said it expects fiscal 2025 revenue to be between $150 million and $158 million, beating the consensus estimate of $136 million. Dillard’s — The retailer soared more than 8% after the company’s third-quarter sales beat analyst estimates. Dillard’s had revenue of $1.49 billion in the same period, compared to the $1.43 billion expected by analysts surveyed by FactSet. Same-store sales also rose 3%, but analysts had expected them to be flat. TKO Group Holdings — Shares rose 2.8% after the parent company of UFC and Zuffa Boxing announced a multi-year partnership with Polymarket to bring real-time predictive markets to live combat sports. Cisco Systems — Shares rose more than 6% after the networking company reported better-than-expected first-quarter results. Cisco reported adjusted earnings of $1 per share on revenue of $14.88 billion. Analysts surveyed by LSEG expected earnings of 98 cents per share on revenue of $14.77 billion. Alibaba Group — Shares soared 4% after Bloomberg reported, citing people familiar with the matter, that the company is preparing a revamp of its AI mobile app similar to ChatGPT. Flutter Entertainment — The world’s largest sports betting and gambling company fell more than 3% after the gambler’s winning streak lowered its full-year earnings outlook. Otherwise, Flutter reported mixed earnings and revenue compared to LSEG’s consensus estimates. Separately, the company announced a new prediction market app called FanDuel Predicts, scheduled for release in December. Ibotta — Shares plunged more than 20% after the cashback rewards platform released disappointing fourth-quarter revenue guidance of $80 million to $85 million. Analysts polled by LSEG had expected $84 million. Otherwise, Ibotta beat earnings and revenue estimates in the most recent quarter. Webtoon Entertainment — The online comics platform fell nearly 27% after reporting third-quarter revenue of $378 million. It missed LSEG’s consensus estimate of $385 million. However, Webtoon’s adjusted profit was 4 cents per share, compared to analysts’ expectations for a loss of 12 cents per share. Nike — The sporting goods retailer’s stock jumped 2.9% after Wells Fargo upgraded its stock from equal weight to overweight. Wells Fargo said its income statement may have hit rock bottom. — CNBC’s Michelle Fox, Alex Harring, Yun Li and Fred Imbert contributed reporting.
