Stocks with the biggest gains after hours: TSLA, IBM, TMUS | Wilnesh News
Here’s a look at the companies making headlines after the bell: T-Mobile US — Shares of the telecom giant rose about 3% after reporting a surprise rise in third-quarter earnings. T-Mobile reported earnings of $2.61 per share on revenue of $20.16 billion, while analysts polled by LSEG expected earnings of $2.42 per share on revenue of $20.01 billion. Tesla — Shares rose 9%. The electric car maker reported third-quarter adjusted earnings of 72 cents per share, beating Wall Street expectations of 58 cents per share, according to the London Stock Exchange. Revenue was slightly lower than expected, at $25.18 billion, compared with analysts’ expectations of $25.37 billion. Mattel — The toy maker reported third-quarter adjusted earnings of $1.14 per share and shares rose 3%. That was well above the 95 cent consensus forecast among analysts surveyed by LSEG. On the other hand, Mattel’s revenue for the quarter was US$1.84 billion, slightly lower than analysts’ expectations of US$1.86 billion. International Business Machines — The tech giant reported mixed third-quarter results on Wednesday, sending shares down 3%. While the company’s adjusted earnings per share were $2.30, above the consensus estimate of $2.23 per share reported by LSEG, revenue fell short of expectations. IBM said revenue grew 1.5% from the same period last year to $14.97 billion, but was still below $15.07 billion. The company has been seeing strong demand for artificial intelligence, but its consulting revenue has been flat. Las Vegas Sands — Shares of the casino operator rose nearly 3% despite revenue and profit falling short of analysts’ estimates. Las Vegas Sands reported adjusted earnings of 44 cents per share, while analysts had expected 53 cents. The company’s revenue of $2.68 billion also missed estimates of $2.78 billion. Lam Research — Shares of the semiconductor company rose nearly 5% after the semiconductor company reported fiscal first-quarter adjusted profit and revenue that beat Wall Street expectations. Lam Research also issued strong guidance for profit and revenue for the quarter. Viking Therapeutics — Shares of Viking Therapeutics rose less than 1% after the biotech company reported a third-quarter loss of 22 cents per share, missing the FactSet consensus of 24 cents per share. The company’s third-quarter research and development expenses were $22.8 million, also lower than the $24.9 million expected. LendingClub – The financial services company reported third-quarter earnings of 13 cents a share, sending its shares up 6%, nearly double analysts’ expectations of 7 cents a share, according to FactSet. LendingClub’s revenue of $201.9 million also exceeded expectations of $190.4 million. ServiceNow — Shares of ServiceNow fell about 1% after the software company reported third-quarter results. ServiceNow reported adjusted earnings of $3.72 per share on revenue of $2.8 billion. That beat Wall Street expectations for LSEG’s earnings of $3.46 per share and revenue of $2.74 billion. Western Union — Shares of the money transfer service provider rose 1%. Western Union narrowly beat expectations in the third quarter, with adjusted earnings of 46 cents per share on revenue of $1.04 billion. Analysts expected earnings of 44 cents per share on revenue of $1.03 billion. The high end of its full-year guidance was slightly above consensus estimates. Whirlpool — The appliance company reported a better-than-expected third-quarter profit, sending its shares up more than 3%. Whirlpool reported adjusted earnings of $3.43 per share, compared with Wall Street analysts’ expectations of $3.19, according to LSEG. The company’s net sales fell from the same period last year. Newmont — Shares of the gold mining company fell nearly 6%. Newmont reported third-quarter adjusted earnings of 81 cents per share, while analysts polled by FactSet were looking for 86 cents per share. Revenue also missed expectations, coming in at $4.61 billion, compared with Wall Street expectations of $4.67 billion. Molina Healthcare — The managed care company reported third-quarter earnings that beat analysts’ revenue and profit estimates, sending its shares soaring 10%. Molina Healthcare reported adjusted earnings of $6.01 per share, beating the LSEG consensus estimate of $5.81 per share. Revenue was $10.34 billion, beating expectations of $9.91 billion. Peloton — Peloton shares fell more than 1% in after-hours trading. However, a person familiar with the hedge fund manager’s comments told CNBC that during regular trading, the connected fitness company’s shares surged 11% after Greenlight Capital’s David Einhorn told investors at a conference that the stock was undervalued. —CNBC’s Christina Cheddar-Berk, Alex Harring, Darla Mercado, Sarah Min and Jesse Pound contributed reporting.
