$TSLA NEWS Tesla stock soars on earnings surprise, upbeat outlook Kuala Lumpur - Delayed Quote ? MYR Hextar Retail Berhad (7202.KL) Follow Compare 0.4700 0.0000 (0.00%) At close: 4:32 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 ? 40 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 ? 1 hour 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. This post was written by Melanie Riehl Yahoo Finance Video ? 2 hours ago UBER LYFT TSLA Elon Musk's 'distractions' might end up as a big win for him — and his companies: Morning Brief Tesla CEO (among other things) Elon Musk has been loudly campaigning for Trump and giving money away to help register voters. Getting deeper into politics hasn't seemed to hurt the car company, however, which just posted a surprise beat on profit in its Q3 results. Yahoo Finance ? 6 hours ago TSLA Tesla stock soars after investors cheer Q3 earnings report Tesla stock surged on Thursday after mixed third quarter earnings results after the bell on Wednesday. Yahoo Finance ? 17 hours ago TSLA UPS earnings, jobless claims, Fedspeak: What to watch As the trading day winds down, Host Josh Lipton outlines the key events investors should watch for Thursday, October 24. The earnings season momentum continues with several major companies scheduled to report their quarterly results. 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. This post was written by Angel Smith Yahoo Finance Video ? 19 hours ago KDP NOC TSCO Q3 2024 Viking Therapeutics Inc Earnings Call Q3 2024 Viking Therapeutics Inc Earnings Call Thomson Reuters StreetEvents ? 4 minutes ago VKTX Tesla posts profit gain on higher sales and lower costs After the Cybercab event damp squib earlier this month, there was better news for investors Just Auto ? 7 minutes ago TSLA Tesla's Stock Skyrockets 17% After Crushing Q3 Expectations Elon Musk's bold plans for future growth and AI innovation send shares soaring GuruFocus.com ? 8 minutes ago TSLA Intellia's Ntla-2002 Shows Promising Results, but Stock Drops Following Phase 2 Data Release Intellia reports positive Phase 2 results for NTLA-2002, but stock drops amid pre-market trading. GuruFocus.com ? 9 minutes ago NTLA Why QuantumScape Stock Rocketed Higher Today QuantumScape's batteries could transform the electric-vehicle (EV) landscape. 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Motley Fool ? 31 minutes ago TSLA Performance Overview Trailing total returns as of 10/24/2024, which may include dividends or other distributions. Benchmark is FTSE Bursa Malaysia KLCI Return 7202.KL FTSE Bursa Malaysia KLCI YTD -6.00% +12.21% 1-Year +5.62% +13.50% 3-Year +0.12% +2.78%
