Check out the companies making headlines before the bell. Nvidia, Alphabet, Broadcom — Nvidia shares fell 3% after The Information, citing sources, reported that Meta Platforms is considering a multibillion-dollar investment in Alphabet’s AI chips. Alphabet shares, along with Broadcom, rose 4% on the news. Kohl’s — The department store’s stock soared 23% after better-than-expected third-quarter results. Kohl’s adjusted earnings were 10 cents a share, compared to analysts surveyed by LSEG who had expected a loss of 20 cents. Revenue of $3.41 billion exceeded the consensus estimate of $3.32 billion. Iconic — Robotics stocks rose 15% after fiscal fourth-quarter sales beat analysts’ expectations. The company’s highest profit was $618 million. Analysts had expected sales of $604 million, according to LSEG. Keysight Technologies — Computing and electronics company Keysight reported better-than-expected results, sending its stock up 14%. The company reported fourth-quarter earnings of $1.92 per share, compared to the FactSet consensus of $1.83 per share. Telecommunications and electronics industry revenues of $990 million and $429 million, respectively, exceeded analysts’ expectations. The company also announced a new stock repurchase program worth up to $1.5 billion in common stock. Pony AI — Shares rose 13% after the AI company reported strong third-quarter results and announced plans to expand its robotaxi fleet in China. Amentum Holdings — Shares rose 11% after the engineering and technology solutions company reported better-than-expected fourth-quarter results. Revenue was $3.93 billion, beating the FactSet consensus of $3.61 billion. The company also reported earnings of 63 cents per share, excluding certain items, well above expectations of 59 cents per share. Fluence Energy — The battery storage maker rose 11% as its fiscal fourth-quarter adjusted EBITDA beat Wall Street analysts’ expectations and its order backlog rose to about $5.3 billion as of Sept. 30 from about $4.9 billion at the end of June, according to FactSet data. Fluence also announced its guidance for next year for the first time. Zeta Global — The marketing cloud company soared 6% after raising its fourth-quarter revenue outlook. Zoom Communications — Videoconferencing stock rose 5% after better-than-expected third-quarter results. The company had adjusted earnings per share of $1.52 and revenue of $1.23 billion. Analyst estimates compiled by LSEG were for earnings of $1.44 per share and revenue of $1.21 billion. Zoom’s fourth-quarter profit forecast also exceeded expectations. Brinker International — Brinker International, the casual restaurateur and parent company of Chili’s, saw its shares rise nearly 4% after Citi upgraded the stock to buy from neutral. The Wall Street company said Brazil’s tariff cuts would ease pressure on its beef outlook. Applied Materials — The chip equipment maker rose 2% after UBS upgraded it to buy from neutral. “AMAT stands out as the biggest beneficiary of this surge in DRAM spending,” the bank wrote of Applied Materials. Alibaba — Shares of e-commerce giant Alibaba rose 2% after the company reported better-than-expected second-quarter results. This number was driven by 34% of cloud revenue. Agilent Technologies — The life sciences stock fell 2% even though Agilent’s fourth-quarter profit beat expectations. The company reported earnings per share, excluding items, of $1.59 and revenue of $1.86 billion. Analyst estimates compiled by LSEG were for earnings of $1.58 per share and revenue of $1.83 billion. Estée Lauder — Shares fell nearly 3% after Rothschild downgraded the stock from neutral to sell. “Despite improving sales growth, we argue that further investment is needed and the scale of the margin recovery is at risk,” analysts said in a note to clients on Tuesday. BURLINGTON — Burlington fell 5% after reporting mixed third-quarter results. The off-price retailer reported earnings of $1.80 per share, excluding certain items, beating analysts’ consensus estimates of $1.64 per share, according to FactSet. However, the company’s revenue came in at $2.71 billion, slightly below Street expectations of $2.72 billion. Dick’s Sporting Goods — Shares fell about 9% after the sneaker company announced it would close some Foot Locker stores as part of a major restructuring to keep Dick’s profits from hurting. The company expects comparable sales for the current quarter to be in the mid-to-high single digits. However, the company’s third quarter profit and sales exceeded analysts’ expectations. —CNBC’s Scott Schnipper, Michelle Fox-Theobald, Yun Li, Fred Imbert, Sarah Ming and Sean Conlon contributed reporting.
