Check out the companies making headlines before the bell. Netflix , Warner Bros. Discovery — Shares of Netflix and Warner Bros. Discovery fell about 3% and about 1%, respectively, after the streaming giants announced Friday that they had reached an agreement to acquire WBD for $27.75 per share. Rubrik — Shares rose nearly 19% after the cloud data management company reported significant improvement in sales and bottom line profits. In its fiscal third quarter, Rubrik had revenue of $350 million, or 10 cents per share on an adjusted basis. Analysts surveyed by LSEG had expected a loss of 17 cents per share on revenue of $320 million. Cooper Companies — The medical device company’s stock rose more than 13% after a strong quarterly earnings report. The company also gave a rosy full-year earnings outlook while updating its long-term free cash flow target of more than $2.2 billion. Ulta Beauty — Shares rose 6% after the personal care retailer raised its full-year sales outlook. Ulta now expects full-year net sales to be $12.3 billion, higher than previous expectations of $12.0 billion to $12.1 billion. Earnings per share are also expected to be in the range of $25.20 to $25.50, up from the previously expected range of $23.85 to $24.30. The company also expects sales to grow 4.4% to 4.7% at least 14 months after store openings and online, up from previous expectations of 2.5% to 3.5%. SoFi Technologies — SoFi stock fell 7% after the fintech company announced a $1.5 billion underwritten public offering of common stock. Docusign — Shares of the digital document signing company fell 5% even as the company raised its full-year revenue outlook after reporting third-quarter results. Docusign earned an adjusted profit of $1.01 per share in its most recent financial quarter, on revenue of $818.4 million. Analysts polled by FactSet expected earnings of 92 cents and revenue of $806.2 million. Wedbush said the stock is down because investors may view DocuSign’s guidance as “conservative.” Victoria’s Secret & Co — The lingerie and apparel company reported a narrower-than-expected quarterly loss and a 9% increase in net sales, sending its stock price soaring more than 11%. The company also raised its full-year outlook, saying it was “well positioned for a successful holiday season.” SentinelOne — Shares of cybersecurity provider SentinelOne fell about 9% after the company announced fourth-quarter revenue of $271 million, below analysts’ expectations of $273 million, according to LSEG data. The company expected full-year sales of $1 billion, which was in line with expectations. SentinelOne’s third-quarter results beat consensus estimates. —CNBC’s Sean Conlon, Yun Li and Pia Singh contributed reporting.
