{"id":6724,"date":"2024-10-26T23:24:20","date_gmt":"2024-10-26T23:24:20","guid":{"rendered":"https:\/\/finderica.com\/stocks-making-biggest-moves-premarket-tsla-ups-lrcx-ibm\/"},"modified":"2024-10-26T23:24:20","modified_gmt":"2024-10-26T23:24:20","slug":"stocks-making-biggest-moves-premarket-tsla-ups-lrcx-ibm","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=6724","title":{"rendered":"Stocks making biggest moves premarket: TSLA, UPS, LRCX, IBM"},"content":{"rendered":"<div>\n<div data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\">\n<p><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"xyz-data\">Check out the companies making headlines before the bell: Tesla \u2014 Shares of the electric vehicle maker soared nearly 13% due to the company&#8217;s better-than-expected profit for the third quarter. The company also expects to see vehicle growth of 20% to 30% next year, according to CEO Elon Musk. United Parcel Service \u2014 The parcel delivery stock rose more than 7% on the heels of the company&#8217;s third-quarter earnings and revenue beat. For the period, UPS earned $1.76 per share on $22.25 billion in revenue, above the LSEG consensus estimates of $1.63 in earnings per share and $22.14 billion in revenue. Lam Research \u2014 The stock rose more than 6% after the semiconductor equipment maker&#8217;s fiscal first-quarter figures beat Wall Street expectations. The company posted earnings of 86 cents per share on revenue of $4.16 billion, above the consensus estimate of 80 cents in earnings per share and revenue of $4.05 billion, per LSEG. Seadrill \u2014 Shares rose more than 9% after Bloomberg News, citing people familiar with the matter, reported the company is in merger talks with rival Transocean. A deal has not been finalized and the companies could choose to stay independent, according to Bloomberg News sources. Newmont \u2014 The stock fell more than 4% after the company posted weaker-than-expected earnings for the third quarter. Newmont posted earnings of 81 cents per share, excluding items, on revenue of $4.61 billion. Analysts polled by FactSet were expecting 86 cents per share on $4.67 billion in revenue. QuantumScape \u2014 Shares surged more than 17% after the company&#8217;s third-quarter results were in line with expectations. The lithium battery manufacturer lost 23 cents per share. T-Mobile \u2014 The stock rose more than 2% following the company&#8217;s better-than-expected third-quarter results. T-Mobile earned $2.61 per share on revenue of $20.16 billion. Analysts polled by FactSet anticipated earnings of $2.43 per share and $20.01 billion in revenue Boeing \u2014 Shares fell 3.7% after Boeing machinists rejected a new labor deal , extending a five-week strike. Mattel \u2014 The toymaker gained 2.1% even after posting mixed third-quarter results. Mattel earned $1.14 per share, excluding items, beating the LSEG consensus forecast of 95 cents per share. However, the company posted $1.84 billion in revenue for the quarter, which was modestly under the $1.86 billion figure anticipated by Wall Street. Honeywell \u2014 The stock fell about 2% after the company missed revenue estimates for the third quarter. Honeywell posted $9.73 billion, below the consensus estimate of $9.91 billion, per FactSet. Earnings, however, came in better than expected. Northrop Grumman \u2014 Shares advanced 1% after the defense company posted $7 in earnings per share for the third quarter, exceeding the consensus estimate of $6.07 a share from analysts polled by LSEG. On the other hand, revenue came in at $10 billion for the quarter, despite analysts penciling in $10.18 billion. Southwest Airlines \u2014 The stock added 1% following the airline&#8217;s third-quarter earnings report . Adjusted earnings totaled 15 cents per share, while analysts polled by FactSet expected the company to break even. Revenue was $6.87 billion, above the $6.47 billion expected. Southwest also said it is expecting higher revenue in the fourth quarter. Molina Healthcare \u2014 Shares surged 10% after the managed care company beat analysts&#8217; expectations in its latest quarter. Molina Healthcare posted adjusted earnings of $6.01 per share, better than the LSEG consensus estimate of $5.81 in earnings per share. Revenue of $10.34 billion exceeded the forecast $9.91 billion. IBM \u2014 The stock fell more than 3% after the company missed revenue expectations for the third quarter. IBM posted $14.97 billion, below the FactSet estimate of $15.06 billion. Whirlpool \u2014 Shares popped 4% after the home appliance company topped third-quarter expectations. Whirlpool posted earnings of $3.43 per share, more than the $3.20 per share expected by analysts polled by FactSet. American Airlines \u2014 The stock fell more than 3% despite the airline topping the Street&#8217;s estimates for the third quarter . American Airlines also raised its outlook for the full year in the aftermath of its sales strategy shift. &#8220;We have taken aggressive action to reset our sales and distribution strategy and reengage the business travel community, which we&#8217;re confident will improve our revenue performance over time,&#8221; CEO Robert Isom said in an earnings release. \u2014 CNBC&#8217;s Alex Harring, Sarah Min and Michelle Fox Theobald contributed reporting.<\/span><\/span><\/span><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/10\/24\/stocks-making-the-biggest-moves-premarket-tsla-ups-lrcx-ibm.html\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Check out the companies making headlines before the bell: Tesla \u2014 Shares of the electric vehicle maker soared nearly 13% due to the company&#8217;s better-than-expected profit for the third quarter. The company also expects to see vehicle growth of 20% to 30% next year, according to CEO Elon Musk. United Parcel Service \u2014 The parcel<\/p>\n","protected":false},"author":1,"featured_media":6725,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[196],"tags":[200,1256,1481,457,72,1480,108,1255,1132],"class_list":{"0":"post-6724","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance-news","8":"tag-biggest","9":"tag-ibm","10":"tag-lrcx","11":"tag-making","12":"tag-moves","13":"tag-premarket","14":"tag-stocks","15":"tag-tsla","16":"tag-ups"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/6724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6724"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/6724\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/6725"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}