Check out the companies making headlines before the market opens. Procter & Gamble — Shares fell 0.8% after reporting weaker-than-expected revenue. The home furnishings maker posted revenue of $21.74 billion, while analysts polled by LSEG estimated revenue of $21.91 billion. The company attributed the miss to lower demand in China. Adjusted earnings per share were $1.93, above expectations of $1.90 per share. Netflix — The streaming giant’s third-quarter results beat Wall Street expectations, sending shares up 6.3%. Netflix reported earnings of $5.40 per share on revenue of $9.83 billion, while analysts polled by LSEG forecast earnings of $5.12 per share on revenue of $9.77 billion. The company’s ad-supported membership levels also grew 34% from the previous quarter. CVS Health – Shares of CVS Health fell 11% after the pharmacy chain announced that longtime executive David Joyner would replace Karen Lynch as CEO. CVS also forecast third-quarter adjusted earnings per share between $1.05 and $1.10, below the $1.69 per share expected by analysts polled by Fact Set. WD-40 – The maintenance products maker reported disappointing fourth-quarter earnings, sending its stock down 4%. The company reported earnings of $1.23 per share, compared with the FactSet consensus forecast of $1.34 per share. Full-year profit guidance of $5.20 to $5.45 per share was also below expectations of $5.69 per share. Western Alliance Bancorp — Shares of Western Alliance Bancorp fell more than 4%. Although revenue reached $823 million, higher than LSEG analysts’ forecast of $808 million, net interest income fell 3% in the third quarter. American Express — Shares of the credit card company fell 3.4% on a mixed earnings report. Revenue was $16.64 billion, below the LSEG consensus forecast of $16.67 billion. However, earnings of $3.49 per share topped estimates of $3.28. Apple — Shares of the technology giant rose 2% after Bloomberg reported that iPhone sales in China increased 20% year over year in the first three weeks. Coherent — The semiconductor materials stock fell more than 5% after B.Riley downgraded the stock to neutral from buy, citing limited upside potential after a 142% surge in 2024. The stock fell 1.7% from estimates after revenue missed expectations. Revenue was $9.16 billion, below the LSEG consensus forecast of $9.25 billion. On the other hand, adjusted earnings per share were 89 cents, beating expectations of 88 cents per share. Intuitive Surgical — Shares of Intuitive Surgical rose more than 6% after the maker of the da Vinci surgical robot reported third-quarter revenue and profit. Intuitive Surgical earned $1.84 per share on revenue of $2.04 billion, while analysts polled by LSEG forecast earnings of $1.63 per share on revenue of $2.0 billion. Ally Financial – Shares of the digital bank fell nearly 1% despite third-quarter profit beating analysts’ expectations. The company announced adjusted earnings of 95 cents per share on revenue of $2.1 billion. Analysts polled by FactSet expected earnings of 52 cents per share on revenue of $2.03 billion. Crown Holdings — Shares of Crown Holdings rose more than 4% after the consumer packaged goods company raised its full-year guidance. Crown Holdings expects adjusted earnings per share to be in a range of $6.25 to $6.35. Analysts had expected earnings of $6.15 per share, according to FactSet. Third-quarter adjusted earnings beat expectations, while revenue met expectations. Comerica — The mid-sized bank reported a stronger-than-expected third-quarter report, sending its shares up nearly 1%. Comerica earned $1.33 per share on revenue of $534 million, while analysts expected earnings of $1.17 per share on revenue of $527.9 million, according to FactSet. The bank’s net profit fell annually. — CNBC’s Pia Singh, Sarah Min, Jesse Pound, Michelle Fox contributed
