Try the businesses making headlines earlier than the bell. Tesla – Shares of the electrical car maker soared practically 13% due to the corporate’s better-than-expected revenue for the third quarter. The corporate additionally expects to see car development of 20% to 30% subsequent yr, based on CEO Elon Musk. United Parcel Service – The parcel supply inventory rose greater than 7% on the heels of the corporate’s third-quarter earnings and income beat. For the interval, UPS earned $1.76 per share on $22.25 billion in income, above the LSEG consensus estimates of $1.63 per share and $22.14 billion. Lam Analysis – The inventory rose greater than 6% after the semiconductor tools maker’s fiscal first-quarter figures beat Wall Road expectations. The corporate posted earnings of 86 cents per share on income of $4.16 billion, above the consensus estimate of 80 cents per share and income of $4.05 billion, per LSEG. Seadrill – Shares rose greater than 9% after Bloomberg Information, citing folks conversant in the matter, reported the corporate is in merger talks with rival Transocean. A deal has not been finalized and the businesses may select to remain unbiased, based on Bloomberg Information sources. Newmont – The inventory fell greater than 4% after the corporate posted weaker-than-expected earnings for the third quarter. Newmont posted earnings of 81 cents per share, excluding objects, on income of $4.61 billion. Analysts polled by FactSet have been anticipating 86 cents per share on $4.67 billion in income. QuantumScape – Shares surged greater than 17% after the corporate’s third-quarter outcomes have been in step with expectations. The lithium batter producer misplaced 23 cents per share. T-Cellular – The inventory rose greater than 2% following the corporate’s better-than-expected third-quarter outcomes. T-Cellular earned $2.61 per share on income of $20.16 billion. Analysts polled by FactSet anticipated earnings of $2.43 per share and $20.01 billion in income Boeing – Shares fell 3.7% after Boeing machinists rejected a brand new labor deal , extending a five-week strike. Mattel – The toymaker gained 2.1% even after posting blended third-quarter outcomes. Mattel earned $1.14 per share, excluding objects, beating the LSEG consensus forecast of 95 cents per share. Nonetheless, the corporate posted $1.84 billion in income for the quarter, which was modestly underneath the $1.86 billion determine anticipated by Wall Road. Honeywell – The inventory fell about 2% after the corporate missed income estimates for the third quarter. Honeywell posted $9.73 billion, beneath the consensus estimate of $9.91 billion, per FactSet. Earnings, nonetheless, got here in higher than anticipated. Northrop Grumman – Shares superior 1% after the protection firm posted $7 in earnings per share for the third quarter, exceeding the consensus estimate of $6.07 a share from analysts polled by LSEG. Then again, income got here in at $10 billion for the quarter, regardless of analysts penciling in $10.18 billion. Southwest Airways – The inventory added 1% following the airline’s third-quarter earnings report . Adjusted earnings totaled 15 cents per share, whereas analysts polled by FactSet anticipated the corporate to interrupt even. Income was $6.87 billion, above the $6.47 billion anticipated. Southwest additionally mentioned it’s anticipating larger income within the fourth quarter. Molina Healthcare – Shares surged 10% after the managed care firm beat analysts’ expectations in its newest quarter. Molina Healthcare posted adjusted earnings of $6.01 per share, higher than the LSEG consensus estimate of $5.81 in earnings per share. Income of $10.34 billion exceeded the forecast $9.91 billion. IBM – The inventory fell greater than 3% after the corporate missed income expectations for the third quarter. IBM posted $14.97 billion, beneath the FactSet estimate of $15.06 billion. Whirlpool – Shares popped 4% after the house equipment firm topped third-quarter expectations. Whirlpool posted earnings of $3.43 per share, greater than the $3.20 per share anticipated by analysts polled by FactSet. American Airways – The inventory fell greater than 3% regardless of the airline topping the Road’s estimates for the third quarter . American Airways additionally raised its outlook for the total yr within the aftermath of its gross sales technique shift. “We’ve got taken aggressive motion to reset our gross sales and distribution technique and reengage the enterprise journey group, which we’re assured will enhance our income efficiency over time,” CEO Robert Isom mentioned in an earnings launch. — CNBC’s Alex Harring, Sarah Min and Michelle Fox Theobald contributed reporting.
