Tesla (NASDAQ:TSLA) – The electric vehicle manufacturer reported earnings per share of $0.72, exceeding the estimated $0.58. Revenue was $25.18 billion, slightly below the expected $25.37 billion. Net income increased to $2.17 billion. Automotive revenue grew 2%, while energy generation surged 52%. CEO Elon Musk announced plans to launch autonomous transport services in California and Texas by 2025. However, Musk acknowledged regulatory challenges, particularly in California, where companies like Waymo have spent years obtaining permits. The stock rose 11.2% in pre-market trading, after closing down 2.0% on Wednesday.

IBM (NYSE:IBM) – The technology and consulting company reported adjusted earnings of $2.30 per share, beating the expected $2.23, but revenue grew by just 1.5% to $14.97 billion, missing forecasts of $15.07 billion. Weak demand for consulting services, which generated $5.15 billion in revenue, contributed to the shortfall. IBM posted a net loss of $330 million due to a pension settlement charge but reaffirmed its 2024 free cash flow target of over $12 billion. The stock fell 4.3% in pre-market trading, after closing up 0.2% on Wednesday.

Lam Research (NASDAQ:LRCX) – The semiconductor equipment manufacturer exceeded Wall Street expectations, reporting adjusted earnings of $0.86 per share, above the anticipated $0.81, and revenue of $4.17 billion, surpassing the $4.06 billion forecast. Net income was $1.12 billion. For the upcoming quarter, the company projects earnings between $0.77 and $0.97 per share. The stock rose 6.5% in pre-market trading, after closing down 0.2% on Wednesday.

Celestica (NYSE:CLS) – The electronic manufacturing services provider reported third-quarter 2024 revenue of $2.5 billion, a 22% increase year-over-year. Adjusted earnings per share were $1.04, up from $0.65 last year. Free cash flow rose to $74.5 million from $34.1 million YoY, and the adjusted operating margin climbed to 6.7%. Celestica raised its full-year forecast, now expecting adjusted EPS of $3.85 and revenue of $9.60 billion. The stock rose 8.2% in pre-market trading, after closing up 2.6% on Wednesday.

Newmont (NYSE:NEM) – The world’s largest gold producer reported third-quarter net income of $922 million, nearly six times higher than the previous year, though still below Wall Street expectations. Gold production reached 1.67 million ounces during the quarter. Newmont produced 2.1 million gold equivalent ounces and generated $760 million in free cash flow in Q3 2024. The company also recorded $1.6 billion in operating cash flow and announced asset sales that could raise up to $1.5 billion. Additionally, a third-quarter dividend of $0.25 per share was declared.

ServiceNow (NYSE:NOW) – The enterprise software developer reported adjusted earnings of $3.72 per share, surpassing the expected $3.45, with revenue of $2.8 billion, exceeding forecasts of $2.746 billion. Subscription revenue grew 23%, reaching $2.72 billion. ServiceNow raised its subscription revenue outlook for 2024 and appointed Amit Zavery as president, chief product officer, and COO, effective October 28.

Viking Therapeutics (NASDAQ:VKTX) – The biotechnology company focused on metabolic therapies reported a net loss of $24.9 million in Q3 2024, equivalent to $0.22 per share, slightly higher than the $22.5 million loss in Q3 2023. R&D expenses increased to $22.8 million, while the company ended the quarter with $930 million in cash and short-term investments. Shares rose 5.0% in pre-market trading, after closing down 2.6% on Wednesday.

T-Mobile (NASDAQ:TMUS) – The 5G telecom and internet provider reported Q3 2024 earnings of $2.61 per share, surpassing the expected $2.43. Net income increased 43%, totaling $3.1 billion, with revenue of $20.2 billion, above the $20 billion forecast. The company reported 315,000 net postpaid account additions and 415,000 high-speed internet customers, with a postpaid phone churn rate of 0.86%, the lowest ever. T-Mobile raised its guidance for net postpaid customer additions. Shares rose 2.3% in pre-market trading, after closing up 0.9% on Wednesday.

Las Vegas Sands (NYSE:LVS) – The global casino and resort operator reported Q3 2024 net revenue of $2.68 billion, below the $2.781 billion estimate. Net income of $353 million and earnings per share of $0.38 were lower compared to last year. However, the company rewarded shareholders with $450 million in share buybacks and raised its annual dividend to $1.00. The Las Vegas Sands also announced plans to expand its Marina Bay Sands resort in Singapore with an $8 billion investment, more than doubling the initial $3.4 billion estimate. The new property will feature a luxury hotel and a 15,000-seat arena, with an opening planned for 2031, pending government approval.

Mattel (NASDAQ:MAT) – The global toy maker reported Q3 2024 adjusted earnings of $1.14 per share, beating estimates of $0.95. Net revenue was $1.84 billion, slightly below the $1.86 billion forecast. Despite strict cost controls, sales fell 4%, and the company lowered its full-year sales outlook due to weak toy demand.

United Rentals (NYSE:URI) – The largest industrial equipment rental company missed third-quarter earnings expectations, posting $11.80 per share, below the expected $12.48. Quarterly revenue grew by 7.4% to $3.46 billion, but missed estimates of $4.01 billion. Lower margins were impacted by the slow recovery of non-residential construction and supply chain issues. United Rentals revised its full-year revenue forecast to a midpoint of $15.2 billion, aligning with LSEG estimates.

Ameriprise Financial (NYSE:AMP) – The financial services and wealth management provider reported an 11% increase in Q3 2024 earnings, with adjusted earnings per share of $8.10, or $828 million, exceeding last year’s $6.96. Assets under management rose 22% to $1.5 trillion, driven by net inflows and market appreciation. Fee revenues increased by 12.5%, totaling $2.57 billion.

LendingClub (NYSE:LC) – The online lending platform reported Q3 2024 earnings per share and revenue of 13 cents and $201.9 million, respectively, surprising FactSet’s consensus estimates of 7 cents per share and $190.4 million. Loan originations increased to $1.9 billion, while total assets grew by 25%, reaching $11 billion. Shares rose 6.3% in pre-market trading, after closing up 0.5% on Wednesday.

Western Union (NYSE:WU) – The international money transfer company reported adjusted earnings of 46 cents per share on revenue of $1.04 billion, beating analysts’ expectations of 44 cents per share and $1.03 billion in revenue. The company projects annual earnings between $1.70 and $1.80 per share.

Whirlpool (NYSE:WHR) – The global appliance manufacturer reported third-quarter diluted ongoing earnings per share of $3.43, driven by a 5.8% EBIT margin. This beat the $3.19 estimate, according to LSEG. Net revenue was $3.99 billion, an 18.9% decline year-over-year. GAAP diluted earnings per share were $2.00, with a 2.7% net margin.

Molina Healthcare (NYSE:MOH) – The government healthcare services provider reported adjusted earnings of $6.01 per share and revenue of $10.34 billion. The results exceeded LSEG’s consensus estimates of $5.81 EPS and $9.91 billion in revenue. Revenue grew 21%, and net income was $326 million.

Teck Resources (NYSE:TECK) – The Canadian mining company reported Q3 2024 adjusted earnings of C$0.60 per share, beating the estimate of C$0.37. Copper production increased by 60%, totaling 115,000 tonnes, with an average price of $4.21 per pound. The company lowered its full-year copper production forecast to 420,000–455,000 tonnes.

Equinor (NYSE:EQNR) – The Norwegian oil and gas producer reported adjusted earnings of $6.89 billion in Q3 2024, below expectations of $7.08 billion, and down 13% from last year due to lower oil prices and production. The company revised its annual capital expenditure to $12-13 billion and lowered its renewable energy production growth forecast to 50%. Shares rose 2.8% in pre-market trading, after closing down 1.5% on Wednesday.

Barclays (NYSE:BCS) – Barclays reported Q3 2024 pre-tax profit of $2.85 billion (£2.2 billion), beating the £1.968 billion expectation and last year’s £1.9 billion. Its investment banking revenue grew by 6%, with a 133% increase in advisory fees and a 48% rise in debt capital market revenues. Net interest income guidance was revised upward, with expectations to exceed £11 billion in 2024. However, corporate banking revenue dropped by 21%, due to an £85 million loss in its leveraged finance portfolio. Shares rose 4.3% in pre-market trading, after closing down 2.2% on Wednesday.

More Highlights

Apple (NASDAQ:AAPL) – Apple is gearing up to launch new MacBook Airs with M4 chips in early 2025, following the introduction of new Macs next week. The 13-inch and 15-inch models will retain their current design but offer improved performance and AI capabilities. Additionally, Apple plans to update other devices like MacBook Pros, Mac minis, iPads, and introduce a revamped iPhone SE. Apple has reduced Vision Pro production due to falling sales after initial enthusiasm. Priced at $3,500, the device faces competition from cheaper options like Meta’s Quest 3. Production could halt by November, with a more affordable model expected in 2025. Shares rose 0.3% in pre-market trading, after closing down 2.2% on Wednesday.

Nvidia (NASDAQ:NVDA) – Nvidia expanded partnerships with Indian companies, such as Reliance, and launched a lightweight AI model for the Hindi language, aiming to tap into the growing local market. During the Mumbai AI summit, CEO Jensen Huang highlighted that Nvidia will significantly expand its computing infrastructure in India. Shares rose 1.5% in pre-market trading, after closing down 2.8% on Wednesday.

Intel (NASDAQ:INTC) – Intel won another round in its dispute with the European Union over a $1.1 billion (€1.06 billion) antitrust fine. The EU court ruled that regulators failed to prove Intel offered illegal discounts to PC makers. However, Intel still faces a separate €376 million fine focused on prior anti-competitive practices. Shares rose 0.6% in pre-market trading, after closing down 1.9% on Wednesday.

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) – TSMC halted shipments to an unnamed customer after discovering its chips were used in a Huawei product, potentially violating U.S. restrictions. TSMC launched an investigation and notified U.S. and Taiwanese governments. Shares fell 0.2% in pre-market trading, after closing up 1.2% on Wednesday.

Roblox (NYSE:RBLX) – Roblox is implementing reforms following criticism over child safety and the arrests of abusers who used the platform. Now, users under 13 will need parental permission to access chat features, and children under 9 will require approval to play games with moderate violence. The changes aim to make the platform safer.

NextEra Energy (NYSE:NEP) – NextEra Energy is studying the potential reactivation of its Duane Arnold nuclear plant in Iowa due to increased energy demand from AI data centers and electrification. The company is discussing the project with regulators and sees potential to restart the reactor at a competitive cost. Shares rose 2.8% in pre-market trading, after closing down 16.3% on Wednesday.

Shell plc (NYSE:SHEL) – Shell announced Wednesday that its Shell Energy North America (SENA) unit acquired RISEC Holdings, which owns a 609-megawatt plant in Rhode Island. The deal secures SENA long-term supply in the deregulated New England market, where it already has a full power purchase agreement for RISEC. Shares rose 1.1% in pre-market trading, after closing down 0.7% on Wednesday.

Boeing (NYSE:BA) – Boeing CEO Kelly Ortberg stressed the need for a “fundamental cultural shift” after the company posted quarterly losses of $6 billion. Boeing has amassed nearly $8 billion in losses for the year, pushing the company to improve liquidity and stabilize operations. Ortberg also noted that Boeing’s defense business, despite issues with over-budget contracts like the KC-46 tanker and Air Force One, remains crucial to the company’s future. Boeing workers rejected a new contract proposal, prolonging a five-week strike. With 64% voting against, employees are demanding a 40% pay raise and the return of pensions, frustrating Ortberg’s efforts to stabilize the company financially. Shares fell 3.0% in pre-market trading, after closing down 1.8% on Wednesday.

American Airlines (NASDAQ:AAL) – According to Reuters, the U.S. Department of Transportation fined American Airlines $50 million for the improper treatment of disabled passengers, including mishandling wheelchairs and providing insufficient assistance. This fine is 25 times higher than previous ones, setting a new standard. American will invest $25 million to fix these issues. Shares rose 1.2% in pre-market trading, after closing down 1.0% on Wednesday.

Southwest Airlines (NYSE:LUV) – Elliott Investment Management and Southwest Airlines are nearing a deal to avoid a proxy fight for board control. The agreement would give the activist investor some board seats but not a majority. Elliott, which owns 10% of the company, is seeking to replace eight directors and influence strategy. Shares rose 0.9% in pre-market trading, after closing up 0.8% on Wednesday.

Stellantis (NYSE:STLA) – Nearly 80 members of Congress, including key Senate Democrats, pressured Stellantis to honor investment commitments agreed upon with the United Auto Workers (UAW) union. The automaker delayed a $1.5 billion investment to reopen a factory in Illinois, causing tensions. Lawmakers are demanding a timeline, and the UAW is threatening a strike. Shares rose 3.9% in pre-market trading, after closing up 1.5% on Wednesday.

Goldman Sachs (NYSE:GS), Apple (NASDAQ:AAPL) – Goldman Sachs and Apple will pay $89 million for violating consumer protection laws with their joint credit card. The companies faced allegations of mishandling disputes and misleading consumers about interest-free purchases. Goldman will also face restrictions on issuing new cards, and both reached a settlement with authorities.

JPMorgan Chase (NYSE:JPM) – JPMorgan Chase is in talks to resume trading liquefied natural gas (LNG) after a decade. According to Bloomberg, the bank is seeking long-term supply deals with Gulf Coast projects, including Commonwealth LNG and Energy Transfer facilities.

HSBC (NYSE:HSBC) – HSBC’s job cuts following its recent restructuring are focused on eliminating duplicate roles. The restructuring, which splits the bank into four units, will streamline management, reduce costs, and increase accountability in each business area. Shares rose 1.1% in pre-market trading, after closing down 1.0% on Wednesday.

Capital One (NYSE:COF) – New York Attorney General Letitia James is investigating potential antitrust violations in the $35.3 billion merger between Capital One and Discover. According to Reuters, James is seeking documents from Capital One, which has not fully cooperated. The merger could negatively affect New Yorkers, particularly those with subpar credit.

KKR (NYSE:KKR) – Italian energy group Eni announced that U.S. fund KKR will buy a 25% stake in Enilive for €2.938 billion, valuing the biofuels business at €11.75 billion. The deal strengthens Eni’s financial position, with Eni retaining control of Enilive. The transaction includes a capital increase and share sale. Shares rose 1.1% in pre-market trading, after closing down 1.2% on Wednesday.

McDonald’s (NYSE:MCD) – As previously reported, McDonald’s is facing an E. coli outbreak linked to Quarter Pounder hamburgers, resulting in one death and dozens of illnesses. In the latest update, McDonald’s U.S. head Joe Erlinger pledged to restore consumer confidence following the outbreak, and the company promptly removed the item from menus in several U.S. states. Investigations are ongoing, focusing on the beef and onions. The CDC expects more cases but praised McDonald’s for its swift action to prevent further outbreaks and minimize harm. Shares rose 0.6% in pre-market trading, after closing down 5.1% on Wednesday.

Peloton (NASDAQ:PTON) – David Einhorn of Greenlight Capital stated that Peloton stock was undervalued during the Robin Hood Investors Conference. Peloton announced a partnership with Costco to sell its Bike+, targeting younger and wealthier consumers. The company is also searching for a new CEO following Barry McCarthy’s resignation, focusing now on profitability. Shares rose 1.1% in pre-market trading, after closing up 11.0% on Wednesday.