J.B. Hunt Transport Services
The trucking and logistics giant saw its shares jump over 14% following impressive quarterly results. In the third quarter, J.B. Hunt reported earnings of $1.76 per share on revenues of $3.05 billion. This surpassed analysts’ expectations, which had predicted earnings of $1.46 per share on revenues of $3.03 billion. Additionally, rival trucking companies Schneider National and Werner Enterprises experienced gains between 2.5% and 3%.
Salesforce
The customer relationship management software provider climbed 6.1% after announcing an ambitious revenue target of over $60 billion by 2030. Analysts had estimated a more conservative figure of $58.37 billion.
United Airlines
Shares of United Airlines fell by 1% after the company reported third-quarter revenues of $15.23 billion, which fell short of the LSEG consensus estimate of $15.33 billion. However, United did exceed expectations for adjusted earnings, reporting $2.78 per share compared to the anticipated $2.62.
Taiwan Semiconductor
The chipmaker’s shares rose by 2% following a remarkable 39% surge in profits, with revenue increasing by 30% year-over-year. CEO C.C. Wei highlighted that “recent developments in the AI market continue to be very positive.”
Sea Ltd
An upgrade to “buy” from “neutral” by Bank of America propelled this tech conglomerate nearly 4% higher. The investment bank suggested that a recent sell-off may have been overblown, encouraging investors to buy the dip.
T-Mobile
Wells Fargo upgraded T-Mobile from “equal weight” to “overweight,” citing its attractive valuation compared to rival AT&T. The bank stated that “TMUS can easily maintain its leadership position in postpaid subscriber growth in the years ahead.” Consequently, T-Mobile shares advanced about 1%.
Arm Holdings & Meta Platforms
Arm shares increased by more than 1% after securing a multiyear deal with Meta to enhance AI efficiency across various computing layers, including AI software and data center infrastructure. Meta’s shares also saw a slight uptick.
Micron Technology
The chipmaker’s shares rose over 3% after UBS raised its price target, noting that Micron stands to benefit from a memory chip shortage.
Charles Schwab
The financial services provider climbed 4% after reporting third-quarter adjusted earnings of $1.31 per share, exceeding the LSEG consensus of $1.21. Schwab’s revenue of $6.14 billion also surpassed the estimated $6.01 billion, with total client assets increasing 17% year-over-year to a record $11.59 trillion.
Travelers Companies
The insurance company, part of the Dow Jones Industrial Average, saw its shares fall more than 5% due to mixed third-quarter results. While core earnings per share of $8.14 beat the LSEG consensus of $6.35, revenue of $11.47 billion missed the analyst estimate of $11.81 billion.
Hewlett Packard Enterprise
The server and supercomputer maker tumbled nearly 10% after providing underwhelming guidance for the fiscal year ending October 31, 2026. HPE projected adjusted earnings per share between $2.20 and $2.40, compared to an analyst consensus of $2.40. The company also indicated revenue growth between 5% and 10%, while analysts had anticipated 17%.
— CNBC’s Alex Harring and Lisa Han contributed reporting.
