$TSLA NEWS Tesla stock soars on earnings surprise, upbeat outlook Kuala Lumpur - Delayed Quote ? MYR Minho (M) Berhad (5576.KL) Follow Compare 0.2900 0.0000 (0.00%) At close: 4:43 PM GMT+8 Related News 3 reasons why airlines are seeing seat mile cost pressure American Airlines (AAL) and Southwest Airlines (LUV) both topped third quarter earnings estimates and provided upbeat full-year outlooks. However, American reported a $149 million quarterly net loss and Southwest saw falling profit for its last quarter. Stephen Trent, Citi managing director, joins Catalysts to discuss the earnings results and what they signal about the broader airline sector. Specifically looking at Southwest, Trent tells Yahoo Finance, "One of the things that stood out to me was the 4Q ex-fuel seat mile cost guide. That did look heavier than we were anticipating. And I would say that's at least partially behind the price action this morning." He notes that the industry as a whole is seeing seat mile cost pressure, especially budget airlines. He explains. "Everybody's labor is going up. Nobody can get equipment in a timely manner from the manufacturers. And United States does not have enough air traffic control capability, which is a primarily Northeast and Florida thing, but not only those places." Thus, with these pressures, airlines have been struggling to provide lower prices to consumers, which has particularly weighed on discount airlines like Southwest. Trent believes that "some sort of rationalization from a capacity perspective" could shift the sector back to a more stable state. He adds, "We need to get to a point where there is better equilibrium between unit revenue and ex-fuel unit cost." To that end, he believes that network airlines have "a much easier path ahead" than budget airlines. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Melanie Riehl Yahoo Finance Video ? 48 minutes ago LUV AAL Gen AI products are 'resonating' with customers: ServiceNow CFO ServiceNow (NOW) delivered robust third quarter earnings, exceeding expectations on both revenue and profit. Additionally, the cloud-computing platform raised its subscription revenue guidance. ServiceNow CFO Gina Mastantuono joins to discuss the quarter's performance. Mastantuono attributes ServiceNow's third quarter success to the company's achievements in generative AI, particularly its Now Assist feature. "It's been the fastest growing new product in company history, and really what you're seeing is our gen AI solutions resonating. We talked about 44 customers spending more than a million dollars with us, six customers spending more than $5 million, and two spending more than $10 million on our gen AI products," she tells Yahoo Finance. "And what you're really seeing is our relevance as the AI platform for business transformation is soaring as CEOs are really looking to modernize for an AI world." Addressing investor concerns about operating margins, Mastantuono explains how ServiceNow is constantly trying to balance "investment for growth versus profitability." She emphasizes the company's commitment to reinvesting in the business "to drive even more top-line growth," adding, "We're going to make that choice probably most days of the week." To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith Yahoo Finance Video ? 2 hours ago NOW Tesla stock pops on earnings beat: What you need to know Tesla (TSLA) shares surge after the electric vehicle (EV) giant reported better-than-expected earnings and commented on the timeline for its highly anticipated affordable vehicle. Yahoo Finance’s Auto Reporter Pras Subramanian joins Catalysts Hosts Seana Smith and Madison Mills to break down what investors need to know about the results. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan. Yahoo Finance Video ? 2 hours ago TSLA Uber and Lyft stocks fall on Tesla autonomous ride-hailing plan Tesla (TSLA) added about $80 billion to its market cap after beating earnings-per-share estimates and announcing it expects to roll out autonomous ride-hailing in California and Texas in 2025. The news sent shares of ride-hailing apps Uber (UBER) and Lyft (LYFT) under pressure, and Morning Brief Hosts Seana Smith and Madison Mills discuss how ride-sharing competition is heating up. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. 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Markets will receive reports from the United Parcel Service (UPS), Northrop Grumman (NOC), Capital One (COF), Keurig Dr Pepper (KDP), Tractor Supply Company (TSCO), and Deckers Outdoor (DECK). On the economic front, September's new home sales data will take center stage. Economists forecast 720,000 units, a slight increase from August's 716,000. Initial Jobless Claims data will also be released, with analysts expecting a figure of 242,000. Finally, investors will hear from Cleveland Federal Reserve President Beth Hammack, whose comments could provide insights into the Federal Reserve's outlook on monetary policy. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. 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