After-hours movers: Tesla, Lam Research, IBM and more

investing.com 23/10/2024 - 20:50 PM

After-Hours Stock Movers

Tesla (NASDAQ: TSLA) rose 8% after third-quarter EPS topped estimates and announced it expects slight growth in vehicle deliveries in 2024.

Lam Research (NASDAQ: LRCX) increased by 5% after reporting quarterly results that exceeded expectations on both the top and bottom line. The company also provided strong guidance for sales, alleviating concerns about a slowdown.

TeraWulf (WULF) declined by 5% after announcing its intention 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% following mixed third-quarter results, reporting weakness on the top line. The company anticipates a slight increase in Clear Aligner volume and ASP sequentially in the fourth quarter.

IBM (NYSE: IBM) dropped 3.7% despite reporting that third-quarter earnings per share exceeded consensus, as the revenue figures failed to impress Wall Street.

ServiceNow (NYSE: NOW) fell 1% although it beat consensus for EPS and revenue in the third quarter and provided good guidance. Management mentioned that customers were increasingly investing in ServiceNow as their AI platform for business transformation.




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