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Check out the companies making the biggest moves premarket: Aevex — The defense company rose more than 11% after it disputed a Bloomberg News report that said the U.S. Navy would no longer buy Aevex’s GARC boat drone due to performance issues. In a release, Aevex said ” no orders have been halted .” Lockheed Martin — Shares rose 3% after the defense giant reported better-than-expected results for the third quarter. Lockheed also hiked its earnings and revenue guidance for 2026. Spotify — The audio streaming service gained 5% on fourth-quarter revenue guidance that exceeded analyst expectations. Spotify also said monthly active users rose 11% to 788 million year over year . Energy stocks — The group rose broadly as oil prices surged on renewed geopolitical fears . Kinder Morgan climbed nearly 2%, while APA , Valero Energy and ConocoPhillips advanced more than 1% each. Tesla — Elon Musk’s auto manufacturer shed earlier gains and last traded down 3%. Tesla posted beats on the top and bottom lines in the third quarter . The company earned 48 cents per share on an adjusted basis and posted revenue of $28.05 billion. Analysts polled by LSEG were looking for 43 cents a share and $27.88 billion. International Business Machines — Shares slipped 5%. The company reported adjusted earnings of $2.95 per share for the third quarter, compared to analysts polled by LSEG’s expectations for $2.86 per share. Revenue also beat estimates, and IBM now expects free cash flow for full-year 2026 to increase by more than $1 billion over the year prior. Rollins — The pest control company saw shares fall more than 5% after third-quarter results missed the Street’s estimates. Rollins earned 33 cents a share on $1.09 billion in revenue, while the FactSet consensus sought 34 cents a share and $1.11 billion. Meta Platforms — The social media giant slipped 2% even after revenue came in ahead of analysts’ estimates. Third-quarter revenue of $64.60 billion topped the LSEG consensus call for $63.37 billion. The midpoint of its fourth-quarter sales guidance was also above the Street’s estimates. CSX — The railway company gained 2% after third-quarter earnings beat expectations. CSX earned 57 cents per share on revenue of $4.02 billion, while analysts surveyed by LSEG called for 53 cents a share and $3.96 billion. Revenue per unit increased 7% in the period, compared to the StreetAccount consensus expectation for 5.9% growth. Las Vegas Sands – Shares of the resort company fell 2% after the company posted disappointing third-quarter results. Las Vegas Sands posted adjusted earnings of 54 cents per share on revenue of $3.22 billion. Analysts surveyed by LSEG were expecting 69 cents in earnings per share and $3.35 billion in revenue. Lam Research — The semiconductor manufacturing equipment company dropped more than 7%. Lam sees second-quarter adjusted earnings of $2.33 per share, plus or minus 15 cents, on revenue of $8.60 billion, plus or minus $400 million. That compares to analysts’ expectation for $2.31 per share and revenue of $8.53 billion. QuantumScape – Shares of the company behind lithium-metal battery tech surged 7%. QuantumScape announced plans for a 100 megawatt-hour solid-state battery production line for artificial intelligence data centers. Molina Healthcare – The managed healthcare services provider dipped 3%. While third-quarter results beat expectations, premium revenue guidance for the full year is unchanged at roughly $42 billion. The company’s guidance metrics across all segments are also reaffirmed. Molina president and CEO Joseph Zubretsky said, “With the apparent plateauing of medical cost trend, which remains at elevated levels, and the strength of recent rate updates for 2027, we believe we are likely observing the beginning of the turn in Medicaid margins.” — CNBC’s Davis Giangiulio, Sean Conlon, Sarah Min and Paulina Likos contributed reporting.
