HAS, LUV, HSY & more

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Hasbro Inc. Play-Doh brand modeling compound kits are displayed as a worker arranges a shelf at a Target Corp. location in Emeryville, California, U.S., on Thursday, July 20, 2017.

David Paul Morris | Bloomberg | Getty Images

Check out the companies making headlines in premarket trading.

Hasbro — The toymaker tumbled 9.2% following a weaker-than-expected financial report for the third quarter. Hasbro earned $1.64 per share excluding items on $1.5 billion in revenue, while analysts polled by LSEG had anticipated $1.70 per share in earnings and revenue at $1.64 billion.

Southwest — The airline slipped 3.3% after third-quarter revenue underwhelmed Wall Street. Southwest posted $6.53 billion in revenue, while analysts surveyed by LSEG expected $6.57 billion. Earnings per share came in line with expectations, and the company said it planned to slow capacity growth in 2024 as demand leveled out.

Bristol-Myers Squibb – Shares of the drug maker fell 4% premarket after the company reported a decline in sales of its popular blood cancer drug Revlimid, citing generic competition. Bristol-Myers topped earnings expectations and posted revenue that was in line with expectations.

Overstock.com — The e-commerce name dropped 3.3% on the back of weaker-than-expected revenue. Overstock.com saw $373.3 million in the third quarter, notably missing the $396 million consensus estimate of analysts polled by FactSet.

Hershey — The candy-and-snack maker added 2.7% after posting a strong third-quarter earnings report. Hershey earned $2.60 per share excluding items and revenue at $3.03 billion. Analysts surveyed by LSEG had expected $2.45 in earnings per share and $2.95 billion in revenue. The company left its full-year expectations for both lines unchanged.

Royal Caribbean — Shares advanced 1.7% after beating expectations on both lines in the third quarter. The cruise line earned $3.85 per share excluding items and said revenue came in at $4.16 billion, while analysts polled by LSEG expected $3.46 in earnings per share on a revenue of $4.08 billion.

Meta Platforms — The Facebook and Instagram parent retreated nearly 4% after the company warned of softening advertising revenue for this quarter, overshadowing better-than-expected results for the third quarter.

Mattel — Shares dropped 11.1% in Thursday premarket trading despite the toymaker offering a strong earnings report a day earlier. Mattel beat analyst expectations on both lines in the quarter, with the company pointing to the success of the “Barbie” movie as a key reason for the strong performance.

ServiceNow — The software stock rose more than 3% after posting stronger-than-expected quarterly results and sharing solid subscription revenue expectations for the current period. ServiceNow posted earnings per share of $2.92 on $2.29 billion in revenue.

Align — The medical device stock shed 23.9% after missing analyst expectations when reporting third-quarter earnings. Align saw $2.14 in earnings per share excluding items and $960 million in revenue, while analysts had expected earnings of $2.26 and revenue at $995 million. The company also gave weak guidance for current-quarter revenue.

Flex — Shares added nearly 10% after the electronics manufacturer on Wednesday announced plans to spin off all remaining interest in Nextracker. The company also raised guidance for its fiscal year ending in March 2024, now expecting earnings per share of between $2.49 and $2.66 ex-items, versus prior guidance of between $2.35 and $2.55.

UPS – The shipping company saw shares decline 3% premarket following its third quarter earnings report. UPS posted $1.57 per share in earnings for the period, compared with estimates of $1.52, according to FactSet. Revenue of $21.18 billion below expectations of $21.4 billion.

Endeavor Group Holdings — The talent agency and sports company rallied 22% in Thursday’s premarket, a day after the company said it would consider strategic alternatives. Endeavor said it’s not considering selling its interest in TKO Group Holdings, which is the merged company that includes the WWE and UFC, according to a press release. The news comes as Silver Lake said it proposed to take Endeavor private.

Barclays — The U.S. listed shares of the British bank fell 2.3% in premarket trading. Bank of America on Thursday downgraded Barclays to underperform from neutral, citing poor risk-reward.

F5 — The cloud security stock slid 2.6% after Bank of America downgraded shares to underperform from neutral. The bank said that challenges to software and systems could hurt the firm’s revenue growth guidance.

— CNBC’s Sarah Min, Tanaya Macheel, Samantha Subin and Lisa Kailai Han contributed reporting.

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