1. Boeing Strike Extended
Union machinists at Boeing rejected a contract proposal, prolonging their six-week strike. The rejected contract included a 35% pay increase over four years. Boeing's third-quarter loss also contributed to the company’s stock dropping by 4% in premarket trading.
2. Tesla Surpasses Profit Estimates
Tesla's stock surged by 13% in premarket trading after reporting higher-than-expected profits. Tesla posted a net income of $2.17 billion for Q3, with improved margins and 8% revenue growth.
3. UPS Beats Revenue and Profit Estimates
UPS shares jumped nearly 8% after reporting better-than-expected revenue and profit growth. Q3 revenue reached $22.2 billion, surpassing analysts' estimates.
4. IBM Stock Drops After Disappointing Results
IBM shares fell 4% in premarket trading due to Q3 results that missed expectations. Revenue reached $14.97 billion, and the company posted a net loss of $330 million due to a pension charge.
5. Southwest Airlines Earnings Beat
Southwest Airlines exceeded earnings expectations, reporting a net income of $67 million. Additionally, the airline reached an agreement with activist investor Elliott Investment Management for board representation.
Union machinists at Boeing rejected a contract proposal, prolonging their six-week strike. The rejected contract included a 35% pay increase over four years. Boeing's third-quarter loss also contributed to the company’s stock dropping by 4% in premarket trading.
2. Tesla Surpasses Profit Estimates
Tesla's stock surged by 13% in premarket trading after reporting higher-than-expected profits. Tesla posted a net income of $2.17 billion for Q3, with improved margins and 8% revenue growth.
3. UPS Beats Revenue and Profit Estimates
UPS shares jumped nearly 8% after reporting better-than-expected revenue and profit growth. Q3 revenue reached $22.2 billion, surpassing analysts' estimates.
4. IBM Stock Drops After Disappointing Results
IBM shares fell 4% in premarket trading due to Q3 results that missed expectations. Revenue reached $14.97 billion, and the company posted a net loss of $330 million due to a pension charge.
5. Southwest Airlines Earnings Beat
Southwest Airlines exceeded earnings expectations, reporting a net income of $67 million. Additionally, the airline reached an agreement with activist investor Elliott Investment Management for board representation.