After-hours movers: Tesla, Lam Research, IBM and more
After-Hours Stock Movers:
Tesla (NASDAQ: TSLA) rose 8% after third quarter EPS topped estimates and it said it expects slight growth in vehicle deliveries in 2024.
Lam Research (NASDAQ: LRCX) rose 5% after publishing quarterly results that beat on the top and bottom line. It also issued strong guidance for sales, easing fears of a slowdown.
TeraWulf (NASDAQ: WULF) fell 5% after it announced that it intends to offer, subject to market conditions and other factors, $350 million aggregate principal amount of convertible senior notes due 2030 in a private offering.
Align Technology (NASDAQ: ALGN) fell 2% after it published mixed results for the third quarter, with weakness on the top line. The company expects Clear Aligner volume and ASP to be slightly up sequential in the fourth quarter.
IBM (NYSE: IBM) fell 3.7% despite telling investors that third quarter earnings per share topped consensus, as revenue failed to impress Wall Street.
ServiceNow (NYSE: NOW) fell 1% despite beating consensus for EPS and revenue in the third quarter and offering decent guidance. Management said customers were doubling down on their investments in ServiceNow as the AI platform for business transformation.