Stocks making the biggest moves before the bell: Fortinet, Block, Expedia, Apple and more

by | Nov 3, 2023 | Financial

Check out the companies making headlines in premarket trading. Fortinet — Shares dropped 23.1% after the cybersecurity company missed earnings expectations and gave a weak outlook for the current quarter. Fortinet posted $1.33 billion in revenue for the third quarter and said to expect between $1.38 billion and $1.44 billion in the current quarter. Both underwhelmed analysts polled by LSEG, who anticipated $1.35 billion in revenue for the third quarter and a current-period estimate of $1.5 billion. Block — The fintech stock surged more than 15% in premarket trading a day after the company reported third-quarter earnings that beat analyst estimates on the top and bottom line. Block also showed strong growth in both Cash App and Square revenue, while hiking its full year guidance. Bill Holdings — Shares of the software company fell more than 30% in premarket trading after Bill lowered its guidance for earnings and revenue for the full fiscal year. The reduced guidance came despite Bill beatings estimates on the top and bottom lines for its fiscal first quarter. Expedia — The vacation booking platform popped 10.9% on the heels of a strong third-quarter report. Expedia said on Thursday …

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