Check out the companies that are trending in intraday trading. Shopify — Shares rose 21% after the e-commerce platform operator posted third-quarter operating profit of $283 million. This was up from $122 million in the same period last year. Shopify’s revenue was $2.16 billion, beating FactSet’s forecast of $2.12 billion. Stocks were on track for their best day ever. Live Nation Entertainment — The live music and entertainment company returned nearly 5% after posting a third-quarter profit. Live Nation’s earnings were $1.66 per share, beating LSEG’s estimate of $1.59 per share. Meanwhile, sales were $7.65 billion, lower than analysts’ expectations of $7.75 billion. Honeywell — The industrial giant rose 4% after Elliott Management went public with a $5 billion stock. In the letter, the investor said Honeywell should “pursue the separation of aerospace and automation so that both entities can become sector leaders, grow operationally, serve customers and employees, and “This will put them in a better position to create long-term value for their businesses.” Twilio — Shares rose 3% after Wells Fargo upgraded the cloud communications company from equal weight to overweight. Wells Fargo says, “Twilio can play a fundamental role in the next wave of genAI applications that leverage AI-native front offices and communications.” IAC — Shares fell 13% after the media and internet conglomerate announced it was considering a spinoff of home improvement market Angi. Angi’s stock price fell 26%. Trump Media & Technology — Shares of President Trump’s media company fell 9% on Tuesday. The stock rose nearly 5% on Monday and rose more than 4% last week following Donald Trump’s reelection to the White House. SentinelOne — Cybersecurity stock rose 2% after Deutsche Bank changed its rating from hold to buy. The Wall Street company said the CrowdStrike outage in July could further boost SentinelOne’s momentum. Tyson Foods — The chicken processor soared more than 6% after Tyson’s fourth-quarter financial report beat Wall Street expectations. Tyson earned an adjusted 92 cents per share on revenue of $13.57 billion. Analysts had expected sales of 72 cents a share on revenue of $13.39 billion, according to FactSet estimates. Tyson also increased its quarterly dividend by 2%. HOLDS — The Swiss athleisure company’s U.S.-listed shares ended the day slightly less flat after reporting mixed third-quarter results. The reported adjusted profit was CHF 0.15 on sales of CHF 635.8 million. Analysts polled by Street Account had expected a profit of CHF0.19 on sales of CHF617.6 million. Meanwhile, On’s full-year earnings forecast was slightly higher than analysts expected. TreeHouse Foods — Shares fell 14% after the food processor reported that both third-quarter adjusted diluted earnings and sales missed analysts’ expectations. Treehouse also reported fourth-quarter revenue and adjusted EBITDA guidance below FactSet’s expectations. Tencent Music Entertainment — The Chinese music streaming company fell 5% after reporting a 23.9% decline in revenue from its social entertainment services business last quarter. OCEAN — Shares rose 10% after the technology company reported higher third-quarter sales. Sea’s revenue was $4.33 billion, beating the FactSet consensus of $4.09 billion. The company’s adjusted EBITDA for the quarter was $521.3 million, beating expectations of $490.9 million. Shift4 Payments — Payments stock fell more than 5% after disappointing third-quarter results. Shift4 Payments reported earnings per share excluding items of $1.04 on revenue of $365.1 million. Analysts polled by FactSet had expected earnings of $1.06 per share and $371.1 million. Mosaic — Shares fell 8% after the chemical company reported disappointing quarterly results. Mosaic also announced that CEO Clint Freeland will step down and be replaced by Luciano Ciani Pires in January. GE Vernova — Shares fell 7% after the wind turbine maker’s CEO Scott Strzyk told the Financial Times the company was postponing its search for orders for new offshore turbines. Strzyk said he hopes the economic environment will improve. President-elect Donald Trump has also vowed to block offshore wind projects. —CNBC’s Michelle Fox, Alex Harring, Ha-Kyung Kim, Jesse Pound and Pia Shin contributed reporting.
