Check out the companies making headlines before the bell. Cheesecake Factory – Shares rose more than 3% after activist investor JCP Investment Management built a stake in the company and asked it to consider spinning off three of its brands into a separate company. General Motors – Shares fell slightly even after the automaker reported third-quarter results that beat analysts’ expectations. The company earned adjusted $2.96 per share on revenue of $48.76 billion. Analysts surveyed by LSEG expected earnings of $2.43 per share on revenue of $44.59 billion. GM also raised its full-year forecasts. SAP – Shares of the US-listed enterprise software provider rose more than 3% after the company reported third-quarter earnings and revenue. SAP also increased its full-year cloud and software revenue guidance. GE Aerospace – The defense company fell nearly 5% after losing revenue in the third quarter. GE Aerospace reported adjusted revenue of $8.94 billion, while analysts estimated $9.02 billion, according to LSEG. Adjusted earnings per share of $1.15 beat consensus expectations by just 1 cent. Deckers Outdoor – The shoe and apparel maker’s stock fell 2.9% after BTIG’s rating was downgraded to neutral from buy. The company said signs of slowing growth put the stock at risk. First Solar – Shares rose 1.8% on Citi’s upgrade to buy from neutral. Citi said First Solar should benefit regardless of who wins the US presidential election next month. AppLovin – The app technology stock rose 1% after Loop Capital initiated coverage on the stock with a buy rating. Analyst Rob Sanderson said the company provided “indispensable infrastructure to the mobile gaming industry” and could be a major play for investors wanting exposure to big data and artificial intelligence. 3M – Shares of the industrial company rose 5% after 3M reported third-quarter earnings of $1.98 per share on revenue of $6.07 billion. Analysts had expected earnings per share of $1.90 on revenue of $6.06 billion, according to LSEG. Zions Bancorporation – Shares of the Utah-based regional bank rose more than 2% after a stronger-than-expected quarterly report. Zions generated earnings of $1.37 per share on revenue of $792 million. Analysts surveyed by LSEG were looking for $1.17 EPS on revenue of $779 million. Zions’ net interest margin increased year over year. Nucor – Shares of the steel producer fell nearly 3% after Nucor said it expects its GAAP earnings per share to decline for the current period compared to the previous quarter. Despite this, the company reported adjusted earnings and revenue for the third quarter. Danaher – Shares rose 1.8% after the life sciences and diagnostics company reported third-quarter results that beat expectations. Danaher attributed these strong numbers to “positive momentum” in its bioprocessing business. Sherwin Williams – The paint manufacturer’s stock fell 6.5% after announcing disappointing third-quarter results. Sherwin-Williams reported adjusted earnings of $3.37 per share, below StreetAccount’s estimate of $3.55 per share. Its revenue of $6.16 billion was also below Wall Street estimates of $6.20 billion. — CNBC’s Sean Conlon, Michelle Fox, Alex Haring, Fred Imbert, Hakyung Kim, Sarah Min and Jesse Pound contributed reporting.
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