Earnings live: Tesla stock falls after earnings miss, American Airlines climbs, IBM and Hasbro sink

American Airlines’ (AAL) third quarter wasn’t as bad as feared, and the stock was up about 4% on an improved outlook for the current quarter.

The airline posted a loss per share of $0.17, less than the $0.27 loss analysts were expecting, according to S&P Global Market Intelligence. Revenue of $13.69 billion, up 0.3% from a year ago, also surpassed the estimate of $13.62 billion.

The company expects its adjusted earnings per diluted share to be between $0.45 and $0.75 for the fourth quarter of 2025 and $0.65 and $0.95 for the full year. Analysts were expecting earnings at a midpoint of $0.32 per share in the fourth quarter and $0.42 for the full year.

American Airlines’ results come as Delta (DAL) and United (UAL) have pulled ahead, thanks to their premium offerings that attract higher-income consumers. Meanwhile, budget air carriers and hotels have struggled more as a bifurcated consumer environment takes shape.

In the previous quarter, American called out that it could hit the top end of its full-year earnings range “if demand in the domestic market continues to strengthen” but said that macro weaknesses could cause it to fall short.

T-Mobile (TMUS) third quarter earnings beat estimates as it reported solid customer addition numbers. But the stock fell 0.6% in premarket trading.

The cell carrier added 2.3 million new postpaid customers during the quarter, a 772,000 increase year over year. Of the 2.3 million additions, 1 million were additions for its phone service.

It also raised its full-year guidance for total postpaid customer additions, which are now expected to be between 7.2 million and 7.4 million, compared to its previous guidance of 6.1 million to 6.4 million.

The company reported earnings of $2.41 per share, which it said included an $0.18 per share impairment charge. Wall Street was projecting earnings of $2.40 per share, according to S&P Global Market Intelligence.

Revenue of $21.95 billion slipped just below the Street’s expectation of $21.96 billion.

“Q3 once again proves that our differentiated strategy is working — more and more consumers recognize our industry-leading network and elevated customer experiences through digital innovation,” said Srini Gopalan, the incoming CEO who is taking the reins from Mike Sievert on Nov. 1.

Tesla’s earnings call has begun, and you can listen to it live here on Tesla’s stock page.

“We are at a critical inflection point for Tesla,” CEO Elon Musk said at the beginning of the call.

Musk opened the call by talking about Tesla’s artificial intelligence capabilities, Full Self-Driving software, energy storage, and the Optimus robot.

Investors will be listening closely for updates on Tesla’s Robotaxi expansion.

Read more about Tesla’s earnings here.

Southwest Airlines (LUV) unexpectedly posted a profit in the third quarter and reported record third quarter revenue as it undertakes a strategic turnaround plan. The stock rose over 2% in after-hours trading.

The airline reported earnings per share of $0.11. Wall Street analysts were expecting a loss per share of $0.03, according to S&P Market Intelligence.

Southwest also said its quarterly revenue of $6.95 billion marked its highest ever for the third quarter. Revenue was in line with analysts’ estimates of $6.93 billion in sales. During the quarter, Southwest implemented several changes, including assigned seating and free in-flight WiFi.

“We continue to make substantial progress as we execute the most significant transformation in Southwest Airlines’ history,” Southwest CEO Bob Jordan said. “We quickly implemented many new product attributes and enhancements, and the results are showing.”

International Business Machines (IBM) stock dropped nearly 5% after reporting third quarter results.

Revenue climbed 9.1% year over year to $16.33 billion, driven by infrastructure and software. That was ahead of estimates of $16.1 billion, as compiled by Bloomberg. IBM sales continue to be boosted by demand for artificial intelligence and the technology that supports it.

The closely watched software segment reported revenue of $7.21 billion, in line with estimates. Growth for IBM’s hybrid cloud (Red Hat) segment decelerated during the quarter but was still up by double digits.

“Everyone was really focused in on the software segment revenue because they had missed on that in the first and second quarter,” Synovus vice president Dan Morgan told Yahoo Finance about the market’s initial reaction. “Looks to me like a good report,” he added.

IBM reported non-GAAP earnings of $2.65, compared to estimates of $2.45, according to S&P Global Market Intelligence.

“Our AI book of business now stands at more than $9.5 billion,” IBM CEO Arvind Krishna said. “Given the strength of our business, we are raising our full-year outlook for revenue growth and free cash flow.”

Read more here.

From Bloomberg:

Read more here.

Thermo Fisher Scientific (TMO) CEO Marc Casper said on Wednesday he expects the company to benefit from some of the impacts related to President Trump’s tariffs — particularly the reshoring efforts announced by pharmaceutical companies.

Trump has held off on imposing his threatened triple-digit drug tariffs while negotiating agreements with pharmaceutical companies. This year, drug companies including Eli Lilly (LLY), Merck (MRK), AstraZeneca (AZN), and Johnson & Johnson (JNJ) all announced investments to boost US manufacturing.

“That will benefit our channel business, it will benefit our Bioproduction business,” Casper said. “Our Analytical Instruments businesses would all benefit from those new constructs.”

Casper added that it likely won’t be until 2027 or 2028 that ground will be broken on new facilities, though he noted that “it could be a little bit faster than that.”

In the third quarter, Thermo Fisher recorded an earnings and revenue beat. Profits rose to $5.79 a share, above estimates for $5.50, according to S&P Global Market Intelligence. Revenue of $11.1 billion topped estimates of $10.9 billion.

The stock was up marginally in morning trading on Wednesday.

Mattel (MAT) stock dropped nearly 6% in premarket trading on Wednesday after reporting an earnings miss the day before.

Mattel’s profit of $0.89 per share came in lower than the $1.03 in earnings expected, according to S&P Global Market Intelligence. The toymaker also reported sales of $1.73 billion that fell short of the $1.83 billion in revenue the Street was projecting.

CEO Ynon Kreiz attributed the “challenged” quarter to changes in retailer purchasing patterns. North America sales were especially downbeat, declining by 12%.

Kreiz said the company is still on track for a “good” holiday season. This year, the company stated that it would have to raise prices due to the impact of the Trump administration’s tariffs on the toy industry.

GE Vernova (GEV) stock rose nearly 4% in premarket trading as the company reported “robust” orders and backlog, a sign that the industrial company continues to benefit from the build-out of artificial intelligence infrastructure.

Orders rose 55% during the quarter to $14.6 billion, led by its power and electrification equipment division. GE Vernova’s backlog also grew to $6.6 billion.

While GE Vernova’s third quarter profits of $1.64 per share were lighter than analysts’ expectations for $1.86 per share, the company reiterated its full-year revenue forecast, seeing sales on the higher end of $36 billion to $37 billion.

Year to date, GE Vernova stock is up over 77% as orders for equipment to power data centers and other projects pick up. GE Vernova also noted it’s seeing “favorable price” and EBITDA margin growth as utilities are willing to pay up to keep up with demand.

“This era of increased electricity investment has just started,” CEO Scott Strazik said in the earnings release.

Hilton (HLT) reported adjusted third quarter earnings that beat Wall Street expectations as hotel occupancy remained subdued as consumers pulled back on travel. Shares of the hotel operator rose 3% in premarket trading.

Revenue per available room (RevPAR), a key performance metric in hospitality, declined 1.1% compared to Q3 a year ago. For the full year, Hilton expects the metric to be flat to up 1%.

Adjusted earnings per share of $2.11 beat expectations for earnings of $2.05, according to S&P Global Market Intelligence. Including one-time charges, profits came in at $1.78 per share.

Hilton CEO Christopher Nassetta said in a statement, “We remain optimistic, that in the U.S., lower interest rates, a more favorable regulatory environment, certainty on tax policy and a significant investment cycle will accelerate economic growth and travel demand.”

The company raised its full-year profitability outlook. Hilton now expects adjusted profits to be between $7.97 and $8.06, up from its previous projection of between $7.83 and $8.00.

Texas Instruments (TXN) stock dived 7% following a weaker-than-expected forecast for the fourth quarter.

The chipmaker expects to bring in $4.22 billion to $4.58 billion in sales in Q4, which has a midpoint below the Street’s estimate of $4.49 billion. Texas Instruments also guided for earnings per share of between $1.13 and $1.39, less than the consensus estimate of $1.40 per share.

“The overall semiconductor market recovery is continuing but at a slower pace than prior upturns, likely related to the broader macroeconomic dynamics and uncertainty,” executives said on the call (listen here).

For the third quarter, Texas Instruments reported a profit of $1.48 per share in the third quarter, in the middle of its guidance for between $1.36 per share and $1.60 and slightly below analyst expectations for earnings of $1.49 per share, according to S&P Global Market Intelligence.

Revenue grew 14% year over year to $4.74 billion, above analysts’ expectations.

Yahoo Finance’s Allie Canal reports:

Read more here.

Capital One (COF) reported strong revenue growth in the third quarter, bouncing back from a net loss in the second quarter due to its acquisition of Discover.

Capital One’s total net revenue increased 23% to $15.4 billion, surpassing consensus estimates for revenue of $15 billion, according to S&P Global Market Intelligence. Earnings per share were $4.83 for the quarter, also above expectations of $4.36.

Capital One executives are expected to provide an update on consumer health during the earnings call at 5 p.m. ET. You can listen to the call in real-time here.

Notably, the financial services company reduced its provisions for credit losses to $2.7 billion from $8.7 billion previously.