Check out the companies making headlines before the bell rings Skyworks Solutions — The maker of high-performance analog and mixed-signal semiconductors rose 19% after striking a deal to acquire rival Qorvo in stock and cash, which soared 17%. The combined company will be valued at approximately $22 billion. Qorvo shareholders will receive $32.50 in cash and 0.960 shares of Skyworks common stock for each Qorvo share they own, meaning Skyworks shareholders will control approximately 63% of the new company and Qorvo shareholders will control the remainder. Wayfair — The online home goods retailer soared 11% after reporting better-than-expected third-quarter profits, with Wayfair’s adjusted earnings of 70 cents per share on revenue of $3.12 billion. Analysts polled by LSEG had expected earnings of 43 cents per share and $3.02 billion. UPS — The delivery company soared 10% after posting better-than-expected third-quarter revenue of $21.4 billion (versus Street estimates of $20.83 billion) and adjusted earnings per share of $1.74 (versus consensus estimates of $1.24). The fourth quarter earnings outlook also exceeded street expectations. Sherwin-Williams — Shares rose 5.6% after the paints and coatings company reported better-than-expected revenue and bottom line results. Sherwin-Williams had third-quarter adjusted earnings of $3.59 per share on revenue of $6.36 billion. Analysts polled by FactSet had expected earnings of $3.44 per share and revenue of $6.2 billion. UnitedHealth — The insurance giant rose more than 3% after its third-quarter results beat expectations. The company had sales of $113.2 billion and adjusted earnings per share of $2.92. Analyst estimates compiled by LSEG were for sales of $113.06 billion and earnings per share of $2.79. Amazon – Shares rose after the company announced it would lay off about 14,000 employees. DR Horton — This homebuilder fell 5% due to poor results. Horton’s fourth-quarter earnings per share were $3.04, about 7% below analysts’ expectations. Royal Caribbean — Shares fell 7.6% after the cruise line reported disappointing third-quarter earnings results and issued a weaker-than-expected full-year earnings outlook. Royal Caribbean had total revenue of $5.14 billion in the latest quarter, compared to the FactSet consensus estimate of $5.17 billion. The company raised its full-year earnings forecast from $15.41 to $15.55 to $15.58 to $15.63 per share, but it was still below analysts’ expectations of $15.70 per share. — CNBC’s Alex Harring, Fred Imbert, Sarah Ming and Michelle Fox Theobald contributed reporting.
