By Check out the companies making headlines in extended trading. Amazon — The e-commerce giant popped 4.7% after beating earnings expectations on both lines in the third quarter. Amazon reported $1.43 earned per share on revenue of $158.88 billion, while analysts polled by LSEG expected $1.14 and $157.2 billion, respectively. The firm said both its cloud computing and advertising businesses showed strength. Intel – Shares jumped more than 14% following the chipmaker’s better-than-expected third-quarter revenue . For the period, Intel posted revenue of $13.28 billion, while analysts surveyed by LSEG were expecting $13.02 billion. The company also issued uplifting guidance. Apple — Shares slid 1.8% despite earnings and revenue topping Wall Street expectations for the fourth fiscal quarter. Apple did, on the other hand, report weaker-than-expected revenue tied to Macs and iPads. Avis Budget — The car rental company slipped 2.4% after earnings missed expectations of analysts polled by LSEG on both lines for the third quarter. Avis posted $6.65 in earnings per share on revenue of $3.48 billion, lower than the respective consensus forecasts of $8.18 a share and $3.53 billion. BJ’s Restaurants — The restaurant company tumbled 9.7% after reporting a loss of 13 cents per share in the third quarter. However, the company saw $325.7 million in revenue, above the expectation of $325 from analysts surveyed by FactSet. Atlassian — Shares rallied 16% after the software company reported fiscal first-quarter earnings and revenue that beat analyst expectations. Atlassian earned 77 cents per share, excluding items, on revenue of $1.19 billion. Analysts polled by StreetAccount expected a profit of 64 cents per share on revenue of $1.16 billion. — CNBC’s Sean Conlon contributed reporting
- Trump and Fed Chair Powell could be set on a collision course over rates
- UK economy ekes out 0.1% growth, below expectations
- Wholesale prices rose 0.2% in October, in line with expectations
- CPI inflation October 2024:
- Powell and the Fed won’t be able to avoid talking about Trump forever
- Trump AG pick Matt Gaetz says he’s withdrawing
- Marjorie Taylor Greene with Musk, Ramaswamy on DOGE subcommittee
- International Criminal Court issues arrest warrants for Netanyahu and Hamas officials
- Ukraine says Russia launched an intercontinental missile
- Billionaire Gautam Adani charged fraud, bribery in New York
