Molina Healthcare Shares Tumble on Large Revenue Miss, Outlook Lower
4 minutes in the past
Molina Healthcare (MOH) was simply the worst-performing inventory within the S&P 500 Thursday, a day after it badly missed analysts’ third-quarter revenue projections.
Shares tumbled 20% after the Lengthy Seashore, Calif.-based agency reported adjusted earnings of $1.84 per share when analysts surveyed by Seen Alpha had anticipated $3.79.
As well as, Molina Healthcare slashed its full-year adjusted EPS projection to $14.00 from $19.00, as a consequence of what it mentioned was “larger medical price pattern in all segments and, disproportionately, by the unprecedented medical price pattern in Market, which is predicted to proceed via the top of the 12 months.”
The information additionally dragged different medical insurance shares, with rival Centene (CNC) down about 6.5%. Shares of each corporations are down about 45% this 12 months.
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On line casino Shares Rise as Las Vegas Sands Reviews Robust Q3 Outcomes
43 minutes in the past
Shares of on line casino operators rose in early buying and selling Tuesday, a day after Las Vegas Sands (LVS) posted better-than-expected third-quarter outcomes.
The corporate, which doesn’t function any casinos in its residence base of Las Vegas, reported adjusted earnings of $0.78 per share on income that rose 24% year-over-year to $3.33 billion. Analysts surveyed by Seen Alpha had anticipated $0.63 and $3.04 billion, respectively.
Las Vegas Sands shares soared 12% to guide early S&P 500 gainers, whereas these of rivals Wynn Resorts (WYNN) and MGM Resorts Worldwide (MGM) superior a respective 5% and a pair of%.
For the 12 months, Wynn Resorts shares simply lead the trio, having added practically half their worth.
Watch These Tesla Value Ranges as Inventory Skids After Earnings Miss
1 hr 15 min in the past
Tesla (TSLA) shares fell Thursday morning after the corporate’s quarterly revenue got here in wanting analysts’ estimates, even because it returned to income progress following two quarters of declines.
The firm reported adjusted earnings of fifty cents per share within the interval, lacking the typical Wall Road estimate of 54 cents a share. Decrease EV costs and better working prices tied to restructuring and AI investments dented the underside line. CEO Elon Musk informed analysts that Tesla is at a “vital inflection level” because it focuses on its subsequent part of progress, which can middle on “real-world” functions of AI, together with self-driving vehicles and sensible robots.
Tesla shares have been down 5% at round $418 within the opening minutes of Thursday’s session. The inventory, which was the highest performer amongst Magnificent Seven shares within the third quarter, was up 9% for the 12 months via Wednesday’s shut.
Supply: TradingView.com.
After hitting their 2025 excessive earlier this month, Tesla shares have consolidated inside a pennant, a chart sample signaling a continuation of the inventory’s current uptrend.
Nevertheless, the worth seems set to interrupt down beneath the sample in Thursday’s buying and selling session following the weaker-than-expected earnings, suggesting waning bullish momentum and the potential for a near-term pullback.
It’s additionally value noting that quantity has declined throughout the pennant sample, indicating a scarcity of conviction amongst consumers and sellers forward of the corporate’s quarterly outcomes.
Learn the complete technical evaluation piece right here.
–Timothy Smith
American Airways Inventory Rises on Higher-Than-Anticipated Q3 Outcomes, Rosy This autumn Revenue Forecast
2 hr 1 min in the past
American Airways Group (AAL) shares have been up about 4% lower than an hour earlier than the opening bell after the service reported stronger-than-expected third-quarter outcomes and issued a rosy current-quarter revenue projection.
The Fort Price, Texas-based airline posted an adjusted quarterly lack of $0.17 per share, narrowed from $0.30 per share a 12 months in the past, on income that elevated 0.3% to $13.69 billion. Analysts surveyed by Seen Alpha had anticipated an adjusted lack of 27 cents per share on income of $13.62 billion.
For the fourth quarter, American sees adjusted EPS from $0.45 to $0.75. Seen Alpha consensus is for an adjusted revenue of $0.32 per share.
American additionally named Nathaniel Pieper its new Chief Business Officer, efficient Nov. 3. Pieper, who at the moment is CEO of the oneworld alliance American is a member of, replaces Vasu Raja, who left the service again in June 2024.
“By the top of this 12 months, the corporate expects it is going to have totally restored its share of oblique income that was impacted by its former gross sales technique,” the service mentioned. “American is now shifting focus to increasing its share of oblique income past historic ranges, which, mixed with improved distribution capabilities, is predicted to supply significant worth for the airline.”
American Airways shares entered the day down about 30% this 12 months.
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IBM Inventory Sinks Earlier than the Bell After Disappointing Software program Income
3 hr 2 min in the past
IBM (IBM) inventory seems to be headed for a sharply decrease open.
Shares of the Armonk, N.Y.-based tech agency have been down about 7% earlier than the bell after it reported third-quarter software program income that got here in beneath analysts’ estimates.
IBM reported software program income of $7.21 billion, whereas analysts surveyed by Seen Alpha had anticipated $7.24 billion.
The corporate’s total income of $16.33 billion and adjusted revenue of $2.65 per share topped analysts’ projections, and it lifted its full-year steerage for income progress and free money circulate.
“Shoppers globally proceed to leverage our expertise and area experience to drive productiveness of their operations and ship actual enterprise worth with AI,” CEO Arvind Krishna mentioned. Our AI guide of enterprise now stands at greater than $9.5 billion.”
IBM shares entered Thursday up 30% this 12 months.
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Inventory Futures Combined, Little Modified
3 hr 43 min in the past
Futures tied to the Dow Jones Industrial Common have been down 0.1%.
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S&P 500 futures have been up fractionally.
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Nasdaq 100 futures additionally have been up lower than 0.1%.
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