Wall Street’s Focus Today: Dow, Lam Research, Honeywell, Tesla, and American Airlines
As U.S. stock futures trade mixed this morning, investors are gearing up for a day of key earnings reports from several prominent companies. Here’s a breakdown of the stocks that are likely to grab investor focus today:
Dow Inc. (DOW):
Wall Street analysts anticipate Dow Inc. to report quarterly earnings of 57 cents per share on revenue of $30.44 billion before the opening bell. In after-hours trading, Dow shares saw a slight gain of 0.5% to $51.72.Lam Research Corporation (LRCX):
Lam Research reported better-than-expected earnings for its first quarter. The company is projecting adjusted earnings of 87 cents per share, plus or minus 10 cents, for the second quarter, along with quarterly revenue of $4.3 billion, plus or minus $300 million. In response to the strong performance, Lam Research shares soared by 5.6% to $76.91 in after-hours trading.Honeywell International Inc. (HON):
Analysts are expecting Honeywell International Inc. to post quarterly earnings of $2.50 per share on revenue of $9.90 billion. The company is set to release its earnings before the market opens. However, in after-hours trading, Honeywell shares experienced a slight dip of 0.6% to $219.00.Tesla Inc. (TSLA):
Tesla Inc. surprised investors with stronger-than-expected earnings for its third quarter. The electric vehicle giant reported third-quarter earnings per share of 72 cents, surpassing a Street consensus estimate of 58 cents per share. While sales missed estimates, Tesla shares surged by 12.1% to $239.50 in the after-hours trading session.American Airlines Group Inc. (AAL):
Analysts anticipate American Airlines Group Inc. to report quarterly earnings of 15 cents per share on revenue of $13.47 billion before the opening bell. In the after-hours trading session, American Airlines shares gained 1% to $12.96.These companies’ earnings reports are likely to be closely watched by investors as they provide insights into the health of their respective sectors and the broader economy. Stay tuned for updates and analysis of these key earnings releases throughout the day.
