IonQ, Molina Healthcare, Tesla, Hasbro, Beyond Meat, IBM
Check out the companies making headlines before the bell on Thursday. Quantum computing stocks — Quantum computing shares jumped on a Wall Street Journal report that U.S. President Donald Trump’s administration is in talks to acquire equity stakes in several quantum computing firms. Rigetti Computing is up 8%, while IonQ and Quantum Computing rose nearly 9%. Las Vegas Sands — Shares rose 6% after the resort owner posted strong third-quarter earnings results, largely due to the growth of its Macao and Singapore investments. The company reported $419 million in profit and adjusted earnings of 78 cents per share for the quarter, topping analysts’ estimates. Hilton Grand Vacations — The stock is up 5% after the global timeshare company’s partners, including Travel + Leisure Co. , reported strong earnings, boosting investors’ sentiment on the vacation ownership sector. Honeywell — The industrial giant rose more than 4% on better-than-expected quarterly results. Honeywell earned $2.82 per share, excluding certain items, on revenue of $10.41 billion. Analysts polled by LSEG expected a profit of $2.57 per share on revenue of $10.14 billion. American Airlines — The air carrier rose 3.5% after providing a stronger-than-expected earnings report and giving upbeat guidance. American said it lost 17 cents per share when adjusted, narrower than the estimate of 28 cents lost from analysts polled by LSEG. Revenue came in at $13.69 billion, also beating Wall Street’s forecast for $13.63 billion. United Rentals — Shares edged down 1% after the equipment rental firm reported lackluster quarterly earnings for the third quarter. The company posted adjusted earnings-per-share of $11.70, coming in below the Street’s $12.32 per share consensus. Hasbro — The toymaker shed nearly 3% despite reporting third-quarter financial results that topped expectations. Hasbro’s adjusted earnings were $1.68 per share, versus the $1.63 a share expected from analysts polled by FactSet. Revenue came in at $1.39 billion, compared to the $1.34 billion consensus estimate. The company noted expected softness in consumer products tied to U.S. retail order timing, which offset some of the growth in Wizards of the Coast and digital gaming. Tractor Supply — The farming supplies stock fell 3% on mixed third-quarter results. The company earned 49 cents per share, beating a FactSet estimate of $48 cents per share. Revenue, however, was in line with expectations at $3.72 billion. Tesla — The stock is down nearly 4% after the EV maker reported its third-quarter earnings . Although the company posted a double-digit revenue increase for the period, its misses earnings estimates and saw its capital expenditures jump. Packaging Corporation of America — Shares dropped 4.7% after the paper mill company reported third-quarter earnings that disappointed expectations, as well as weak current quarter guidance. The Packaging Corporation of America posted Its third-quarter adjusted earnings came in at $2.73 per share, lower than the FactSet consensus estimate of $2.82 per share. However, the firm clocked revenue of $2.31 billion, topping analysts’ $2.30 billion consensus. International Business Machines — The technology company dropped 7% after its closely-watched software revenue for the third quarter came out in line with analyst estimates. However, IBM’s adjusted earnings of $2.65 per share topped the $2.45 a share expected from analysts polled by LSEG. Its revenue of $16.33 billion also exceeded the $16.09 billion consensus estimate. Molina Healthcare — Shares plunged more than 18% in premarket trading after the managed-care firm slashed its annual earnings guidance due to higher costs across government-baked plans. Beyond Meat (BYND) — The plant-based meat company’s stock plunged 19% after investors’ speculative frenzy that pushed shares up about 112% on Wednesday cooled. The stock rallied after its inclusion in the Roundhill Meme Stock ETF on Monday. — CNBC’s Sarah Min, Yun Li, Fred Imbert, Alex Harring and Michelle Fox Theobald contributed reporting