Check out the companies making headlines in premarket trading. Fortinet — Shares dropped 23.1% after the cybersecurity company missed earnings expectations and gave a weak outlook for the current quarter. Fortinet posted $1.33 billion in revenue for the third quarter and said to expect between $1.38 billion and $1.44 billion in the current quarter. Both underwhelmed analysts polled by LSEG, who anticipated $1.35 billion in revenue for the third quarter and a current-period estimate of $1.
Paramount Global — Shares rallied 5.5% after offering a report that surpassed analyst expectations on Thursday. The media company earned an adjusted 30 cents per share on $7.13 billion in revenue, while analysts surveyed by LSEG forecasted 10 cents per share and revenue at $7.10 billion. Floor & Decor Holdings — The home goods retailer tumbled 17%. On Thursday, Floor & Decor Holdings posted earnings of 61 cents per share on $1.
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