Check out the companies making headlines before the bell. Estee Lauder — The beauty company slipped nearly 2% after Bank of America downgraded the stock, citing headwinds in its China market. Softening U.S. demand is also weighing upon shares, the firm added. Applied Materials — The semiconductor equipment company's shares dipped 1.8% despite posting better-than-expected third-quarter earnings. Applied Materials earned $2.12 per share, excluding items, on $6.
Amcor reported $3.54 billion in sales for the quarter, below the $3.57 billion expected by analysts, according to StreetAccount. Bayer — Bayer shares jumped more than 11% after the German life sciences company said it won a legal victory over claims that exposure to its Bayer's Roundup weed and grass killer led to cancer, and that the company violated state law by failing to add a cancer warning to the Roundup label. H & R Block — Shares of the tax services company popped 8.
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