Let’s check out the companies that are becoming a hot topic for after-hours trading. Southwest Airlines — The company’s stock rose 2% on the back of a disappointing quarterly profit. Southwest Airlines also said both demand and fares are improving. The company reported adjusted earnings of 11 cents per share, while analysts surveyed by LSEG had expected a loss of 3 cents per share. Meanwhile, revenue came in at $6.95 billion, beating the $6.92 billion consensus estimate by analysts based on LSEG. Tesla — The electric car stock, whose robotics and humanoid ambitions have been in the spotlight in recent months, fell nearly 2% after reporting mixed third-quarter results. The company exceeded expectations for third-quarter sales, rising 12% to $28.1 billion on the back of strong auto sales. However, adjusted earnings of 50 cents per share were below LSEG’s estimate of 55 cents per share. International Business Machines — The company’s stock fell about 4% as software revenue met Street expectations, while its consulting and infrastructure business beat expectations. IBM still reported significant improvement in revenue and bottom line. IBM earned $2.65 per share, excluding items, on revenue of $16.33 billion. Analysts surveyed by LSEG expected earnings of $2.45 per share and revenue of $16.09 billion. Moderna — Moderna announced topline results from a Phase 3 trial of its investigational cytomegalovirus (CMV) vaccine, which did not meet the primary efficacy endpoint of preventing CMV infection in some female participants. Following the announcement, the pharmaceutical giant’s stock price fell nearly 6%. Moderna said it does not expect any impact on its 2025 financial outlook. Las Vegas Sands — The casino resort company’s stock rose more than 6% after market close. For the third quarter, Las Vegas Sands posted adjusted earnings of 78 cents per share on revenue of $3.33 billion. Analysts surveyed by LSEG had estimated earnings of 60 cents per share and revenue of $3.03 billion. The company’s second quarter outlook was also positive. Knight-Swift Transportation — Shares of this freight transportation company fell more than 2% after reporting mixed third-quarter results. Knight’s adjusted earnings were 32 cents per share, below analysts’ expectations of 37 cents per share. However, sales of $1.93 billion exceeded LSEG’s expectations of $1.9 billion. Lam Research — Shares of the chip equipment maker rose more than 1% after first-quarter profits beat expectations. Lam’s earnings, excluding items, came in at $1.26 per share on revenue of $5.32 billion, beating expectations for earnings of $1.22 per share and revenue of $5.23 billion. The company also beat expectations, calling for second-quarter adjusted earnings of $1.05 to $1.25 per share and revenue of $4.9 billion to $5.5 billion. ALCOA — Shares of the aluminum producer fell 1% after Alcoa reported mixed financial results. The company’s loss excluding items was 2 cents per share, narrower than the expected 3 cents per share loss, but revenue of $3 billion was below expectations of $3.13 billion. Molina Healthcare — This managed care services provider plummeted 17% after quarterly results that fell far short of expectations. For the third quarter, Molina reported earnings per share of $1.84 excluding items, compared to analysts’ expectations of earnings of $3.90 per share. Meanwhile, the company’s revenue for the period was $11.48 billion, beating analysts’ consensus estimates of $10.93 billion. Kinder Morgan — The pipeline operator’s stock fell nearly 2% despite higher third-quarter profits, helped by higher volumes of natural gas flowing through the system. The company earned an adjusted profit of 29 cents per share on revenue of $4.15 billion. —CNBC’s Christina Cheddar Berk and Sean Conlon contributed reporting.
