Check out the companies making headlines in afternoon trading. Shopify – Shares rose 26% after the e-commerce platform operator posted third-quarter operating income of $283 million, up from $122 million in the same quarter a year ago. Shopify's revenue of $2.16 billion surpassed a FactSet estimate of $2.12 billion. The stock was on track for its best day ever. Live Nation Entertainment — The live music and entertainment company gained 4% after reporting a third-quarter profit gain. Live Nation earned $1.66 per share, ahead of the LSEG estimate of $1.59 per share. On the other hand, revenue of $7.65 billion fell short of the $7.75 billion analysts had forecast. Honeywell – The industrial giant climbed 3% after Elliott Management announced a $5 billion stake. The investor recommended in a letter that Honeywell “pursue a separation between aerospace and automation. Both entities would be industry leaders and better positioned to thrive operationally, serve customers and employees, and create long-term value for shareholders.” Twilio – Shares rose 4% after Wells Fargo upgraded the cloud communications company from equal weight to overweight. Wells Fargo said: “Twilio can serve as an anchor for the next wave of AI-native front office and communications-driven genAI applications.” IAC – Shares fell 9% after media and the internet conglomerate said it was considering a spinoff of home improvement marketplace Angi. Angi's shares fell 22%. Trump Media & Technology – Shares of Trump's media company fell 8% on Tuesday. The stock was up nearly 5% on Monday and was up more than 4% last week after Donald Trump's re-election to the White House. SentinelOne – The cybersecurity stock rose 1.5% after being upgraded to buy from hold at Deutsche Bank. The Wall Street firm said CrowdStrike's outage in July could potentially boost SentinelOne's momentum. Tyson Foods – The poultry processor rose more than 8% after Tyson's fiscal fourth-quarter report beat Wall Street expectations. Tyson earned an adjusted 92 cents per share on revenue of $13.57 billion. Analysts expected 72 cents per share on revenue of $13.39 billion, according to a FactSet estimate. Tyson also increased its quarterly dividend by 2%. About Holding – The Swiss athleisure company's U.S.-traded shares fell 1.5% after mixed third-quarter results. On reported adjusted profits of 0.15 Swiss francs on turnover of 635.8 million francs. Analysts consulted by StreetAccount had estimated a profit of 0.19 francs on a turnover of 617.6 million francs. Meanwhile, On's full-year revenue expectations were slightly above analyst expectations. TreeHouse Foods – Shares fell 16% after the food processor reported it missed analysts' estimates for both third-quarter adjusted diluted earnings and revenue. Treehouse also reported fourth-quarter revenue and adjusted EBITDA guidance below FactSet estimates. Tencent Music Entertainment – The Chinese music streaming company fell 8% after reporting that revenue from its social entertainment services business fell 23.9% in the previous quarter. Zee – Shares rose 1.7% after the tech company reported a decline in third-quarter revenue. Sea's revenue of $4.33 billion exceeded the FactSet consensus of $4.09 billion. The company's third-quarter adjusted EBITDA of $521.3 million also came in above expectations of $490.9 million. Shift4 Payments — Payments share fell 8.2% after disappointing third quarter results. Shift4 Payments reported earnings per share of $1.04, excluding items, on revenue of $365.1 million. Analysts polled by FactSet expected $1.06 per share and $371.1 million, respectively. Mosaic – Shares fell 9% after the chemical company reported disappointing quarterly results. Mosaic also said that CEO Clint Freeland will retire, with Luciano Siani Pires succeeding him in January. GE Vernova – Shares tumbled nearly 8% after the wind turbine maker's CEO, Scott Strazik, told The Financial Times he would delay his search for new orders for offshore turbines. Strazik said he wants a better economic climate. President-elect Donald Trump has also pledged to block offshore wind energy projects. – CNBC's Michelle Fox, Alex Harring, Hakyung Kim, Jesse Pound and Pia Singh contributed reporting.
