US stocks closed lower on the day but off their lows levels


US stocks close lower on the day but off their lowest levels:

  • Dow industrial average -409.94 points or -0.96% at 42514.95. At session lows, the index was down -631.72.
  • S&P index fell -53.78 points or -0.92% at 5797.42. At session lows the index was down -88.79 points
  • NASDAQ index -296.47 points or -1.60% at 18276.65. At session low as the index was down -426.52 points.. The index had its worst day since September 6

After the close, there was a number of earnings releases highlighted by Tesla. Tesla shares are trading up 8.15% after-hours trading:

  • EPS: $0.72 (beat expectations of $0.58)
  • Revenue: $25.18B (missed expectations of $25.37B)
  • Gross margin: 19.8% (beat expectations of 16.8%)
  • Expects slight growth in vehicle deliveries in 2024

Looking at some the other earnings

United Rentals Inc (URI) Q3 2024: Shares are trading down -4.22% after-hours trading

  • EPS: $11.80 (missed expectations of $12.48)
  • Revenue: $3.99B (missed expectations of $4.01B)
  • FY Revenue Guidance: $15.1B to $15.05B (previously $15.1B to $15.35B)

Raymond James Financial Inc (RJF) Q4 2024. Shares are trading up 1.19% in after-hours trading

  • EPS: $2.95 (beat expectations of $2.41)
  • Revenue: $3.46B (beat expectations of $3.32B)

ServiceNow Inc (NOW) Q3 2024. Shares are trading down -0.85% after-hours trading

  • EPS: $3.72 (beat expectations of $3.46)
  • Revenue: $2.81B (beat expectations of $2.74B)

International Business Machines Corp (IBM) Q3 2024: Shares are trading down 4.44% in after-hours trading

  • EPS: $2.30 (beat expectations of $2.23)
  • Revenue: $14.97B (missed expectations of $15.07B)

Las Vegas Sands Corp (LVS) Q3 2024. Shares are trading up 1.0% in after-hours trading:

  • EPS: $0.44 (missed expectations of $0.54)
  • Revenue: $2.68B (missed expectations of $2.78B)
  • FY EPS Guidance: $2.45 (missed expectations of $2.48)

Mattel Inc (MAT) Q3 2024. Shares are trading up 3.37% in after-hours trading

  • EPS: $1.14 (beat expectations of $0.95)
  • Revenue: $1.84B (beat expectations of $1.68B)

Newmont Corporation (NEM) Q3 2024: Shares are down 6.37% in after-hours trading

  • EPS: $0.81 (missed expectations of $0.87)
  • Revenue: $4.05B (missed expectations of $4.67B)

T-Mobile US Inc (TMUS) Q3 2024: Shares are up 2.75% in after-hours trading

  • EPS: $2.61 (beat expectations of $2.42)
  • Revenue: $20.16B (beat expectations of $20.01B)
  • FY EBITDA Guidance: $31.6B to $31.8B (previously $31.5B to $31.6B)



  • Related Posts

    Nvidia shares down after Q3 results beat
    • November 20, 2024

    High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide…

    Continue reading
    US broader indices close higher. Dow industrial average moves lower.
    • November 19, 2024

    The broader US stock indices led by the NASDAQ index closed higher. The Dow industrial average meanwhile fell. The final numbers are showing: S&P index +23.36 points or 0.40% at…

    Continue reading

    Random News

    Jin Talks Receiving a Guitar from Coldplay’s Chris Martin on ‘Fallon’

    • By gonews
    • November 21, 2024
    • 1 views
    Jin Talks Receiving a Guitar from Coldplay’s Chris Martin on ‘Fallon’

    LIVE BLOG: Israeli Massacres Kill 88 Palestinians | Soldier Killed in Lebanon – Day 412

    • By gonews
    • November 21, 2024
    • 1 views
    LIVE BLOG: Israeli Massacres Kill 88 Palestinians | Soldier Killed in Lebanon – Day 412

    ‘Hot Frosty’ Will Help Guys Get Laid This Winter, Sex Therapist Says

    • By gonews
    • November 21, 2024
    • 2 views
    ‘Hot Frosty’ Will Help Guys Get Laid This Winter, Sex Therapist Says

    Why is the US dollar so strong? | US Election 2024

    • By gonews
    • November 21, 2024
    • 2 views
    Why is the US dollar so strong? | US Election 2024

    People are importing their lame tweets to Bluesky

    • By gonews
    • November 20, 2024
    • 2 views
    People are importing their lame tweets to Bluesky

    Football Predictions Of The Day – Thur, 21 Nov 2024

    • By gonews
    • November 20, 2024
    • 2 views
    Football Predictions Of The Day – Thur, 21 Nov 2024