Check out the companies making headlines before the bell. Virgin Galactic — Shares rose nearly 9% after the space tourism company beat third-quarter expectations . Virgin Galactic posted a loss of 28 cents per share, versus the 43 cents per share loss expected by analysts polled by LSEG. Revenue came in at $1.7 million, also beating the $1.1 million analyst consensus. The company posted strong fourth-quarter guidance, expecting revenue of $3 million versus $1.5 million.
The firm initiated coverage of the stock with a buy rating, saying it anticipates an inflection in uptake for one of the company's key drugs, Syfovre. Lyft — Lyft shares dipped more than 1% in premarket trading. The ridesharing company reported third-quarter bookings of $3.55 billion, lower than the $3.90 billion anticipated by analysts polled by FactSet. Fourth-quarter bookings guidance also fell short of the consensus estimate. Arm Holdings — Shares dropped 5.
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