Check out the companies making headlines after the bell: T-Mobile US – The telecom giant rose nearly 3% after reporting a third-quarter earnings surprise to the upside. T-Mobile reported earnings per share of $2.61 on revenue of $20.16 billion, while analysts polled by LSEG were looking for earnings of $2.42 per share on revenue of $20.01 billion. Tesla – Shares jumped 9%. The electric vehicle maker reported third-quarter adjusted earnings of 72 cents per share, beating Wall Street estimates of 58 cents per LSEG. Revenues came in slightly below expectations at $25.18 billion, while analysts were looking at $25.37 billion. Mattel – The toy maker added 3% after adjusted earnings came to $1.14 per share in the third quarter. That's well above the consensus forecast of 95 cents from analysts polled by LSEG. Mattel, on the other hand, saw revenue of $1.84 billion for the quarter, slightly below analyst estimates of $1.86 billion. International Business Machines – The tech giant's stock fell 3% on Wednesday after reporting mixed third-quarter results. While the company's adjusted earnings of $2.30 per share beat the consensus estimate of $2.23 per share reported by LSEG, revenues fell short. IBM said revenue rose 1.5% to $14.97 billion from a year ago, but that was down from $15.07 billion. The company is seeing strong demand for AI, but its consulting revenue has remained flat. Las Vegas Sands – The casino operator added nearly 3% despite disappointing analyst forecasts for top and core results. Las Vegas Sands reported adjusted earnings of 44 cents per share, while analysts expected 53 cents per LSEG. The company's revenue of $2.68 billion was also lower than the expected figure of $2.78 billion. Lam Research – The semiconductor company rose nearly 5% after reporting adjusted earnings and revenue for the fiscal first quarter that beat Street estimates. Lam Research also issued strong guidance for earnings and revenue in the current quarter. Viking Therapeutics – The biopharma company added less than 1% after reporting a third-quarter loss of 22 cents per share, which was narrower than the FactSet consensus estimate of 24 cents per share. The company's third-quarter R&D expenses of $22.8 million were also lower than the expected $24.9 million. LendingClub – The financial services company jumped 6% after reporting third-quarter earnings of 13 cents per share, nearly double the 7 cents per share that analysts were looking for, according to FactSet. LendingClub's revenue of $201.9 million also exceeded the expected amount of $190.4 million. ServiceNow – Shares fell about 1% after the software company posted third-quarter results. ServiceNow reported adjusted earnings of $3.72 per share on revenue of $2.80 billion. This beat Wall Street estimates of $3.46 per share in earnings and $2.74 billion in revenue, per LSEG. Western Union – The money transfer service provider saw shares rise 1%. Western Union narrowly beat estimates in the third quarter, reporting adjusted earnings of 46 cents per share on revenue of $1.04 billion. Analysts were looking for 44 cents per share on earnings and revenue of $1.03 billion. The upper end of full-year guidance came in slightly above consensus estimates. Whirlpool – Shares of the home appliance company rose more than 3% after announcing third-quarter earnings that beat expectations. Whirlpool reported adjusted earnings per share of $3.43, while Wall Street analysts were looking for $3.19, according to LSEG. Net sales decreased year over year for the company. Newmont – The gold mining company fell nearly 6%. Newmont reported adjusted earnings of 81 cents per share in the third quarter, while analysts surveyed by FactSet sought 86 cents per share. Revenue also exceeded the mark, reaching $4.61 billion, versus Street expectations of $4.67 billion. Molina Healthcare – Shares rose 10% after the managed care company reported third-quarter earnings results that beat analysts' top and bottom line expectations. Molina Healthcare reported adjusted earnings of $6.01 per share, better than the LSEG consensus estimate of $5.81 for EPS. Revenues of $10.34 billion beat expectations of $9.91 billion. Peloton – Peloton shares fell more than 1% in extended trading. However, during the regular session, the connected fitness company's stock rose 11% after Greenlight Capital's David Einhorn told investors at a conference that the stock was undervalued, a person familiar with the hedge fund manager's remarks told CNBC. — CNBC's Christina Scheider-Burke, Alex Haring, Darla Mercado, Sarah Main and Jessie Pound contributed reporting.
Trending
- Lilium shares fell after the air taxi company announced that subsidiaries had filed for bankruptcy
- CNBC poll says presidential election is hot even though Trump is well ahead of Harris on the economy
- The US Food and Drug Administration looks to Taylor Farms, a McDonald's supplier, as the source of the E. coli outbreak
- A stake in the NHL Tampa Bay Lightning has been sold to an investor group
- Southwest Airlines (LUV) Q3 2024 earnings
- Nvidia supplier SK Hynix posts record quarterly profit as AI boom drives demand
- Tesla (TSLA) Q3 2024 earnings report
- David Einhorn says Peloton is significantly undervalued