Here are some companies that are making headlines for their extended deals. CVS Health — Shares rose slightly after the Wall Street Journal reported that CVS would spin off its retail pharmacy business, citing people familiar with the matter. The company is expected to be split into two publicly listed companies in the first half of 2028, the newspaper reported. Duolingo — The language learning software company reported third-quarter revenue of $309 million, soaring 11%. This exceeded LSEG’s consensus of $303 million. Monthly active users totaled 153 million in the quarter, higher than expectations of 149 million. Adjusted EBITDA margin also exceeded expectations. Alight — The employee benefits consultancy soared 17% after raising its full-year 2026 outlook. Alight expects sales to be in the range of $2.115 billion to $2.125 billion. That compares to the FactSet consensus estimate of $2.09 billion. Adjusted EBITDA guidance of $410 million to $420 million also beat TheStreet’s estimate of $404.4 million. Avis Budget Group — The rental car company fell more than 7% after mixed third-quarter results. Avis’ earnings per share were $5.15, a significant decrease from $10.11 per share in the same period last year. Revenue was $3.44 billion, slightly above the FactSet consensus of $3.42 billion. Advanced Micro Devices — The chipmaker soared 7% after reporting better-than-expected third-quarter profits. Adjusted earnings of $2.09 per share beat expectations of $1.95, according to a survey of analysts compiled by LSEG. Earnings estimates for the current quarter also exceeded expectations. TOAST — The restaurant management software company fell 4% despite third-quarter results that beat expectations, according to FactSet. Toast also said CFO Elena Gomez will retire at the end of 2026 and be replaced by Michael Senno, senior vice president of finance. Skyworks Solutions — The wireless networking services provider fell about 16% after its current quarter outlook disappointed public expectations. Skyworks expects first-quarter fiscal year adjusted earnings of approximately $1.25 per share and revenue of $1.8 billion to $1.9 billion, below LSEG consensus estimates of $1.50 per share and $1.99 billion. Skyworks completed its merger with Qorvo in early October, making the first quarter the first integrated quarter for both companies. Super Micro Computer — Super Micro’s earnings per share and revenue beat Wall Street expectations, sending the server company’s stock up more than 9%. The company expects fiscal 2027 net sales to be in the range of $72 billion to $82 billion, above the LSEG consensus of $69.17 billion. Arista Networks — The cloud networking company rose 12% after its guidance for the quarter beat expectations. Arista expects fourth-quarter earnings of $1.26 to $1.30 per share on revenue of $3.9 billion to $4 billion. Analysts surveyed by LSEG had expected earnings of $1.15 per share and $3.6 billion. BLOCK — Fintech shares rose more than 6% after Block reported better-than-expected third-quarter profit and revenue and raised its full-year guidance through December. Adjusted earnings per share were $1.13, beating the LSEG consensus estimate of $1.03, and revenue was $6.72 billion, beating the $6.59 billion consensus. Freshworks — The software stock fell about 6% even after the customer support ticketing company reported better-than-expected third-quarter results and full-year guidance. Freshworks earned an adjusted profit of 22 cents a share on revenue of $245.4 million in its most recent quarter, beating the estimate of a profit of 18 cents a share on revenue of $245.1 million from analysts surveyed by FactSet. The company’s stock has outperformed recently, rising more than 20% in the past three months. —CNBC’s Sarah Ming, Davis Giangiulio, Ananya Chettiar and Fred Imbert contributed reporting.
