Key insights
- Meta Platforms (META) surged
After-Hours Movers:
Meta Platforms (META)
Meta stock rose 4% after delivering a Q3 beat-and-raise report while approving a new class of publicly listed non-voting shares to fund its AI roadmap. The company posted Q3 EPS of $3.83 (beating the $3.57 estimate) on revenue of $64.6 billion. Management issued strong Q4 revenue guidance of $73–$76 billion (midpoint $74.5 billion, above the $73.57 billion consensus), signaling robust digital ad momentum heading into the holiday season. Meta updated its full-year 2026 expense forecast to $175–$179 billion (including a legal charge) and narrowed capital expenditures to $135–$145 billion.
IBM (IBM)
IBM shares jumped 6% following a clean fiscal Q3 top- and bottom-line beat. The IT services and hybrid cloud leader reported adjusted EPS of $2.95 (topping the $2.86 estimate) on revenue of $17.1 billion versus $16.82 billion expected. Management reaffirmed its full-year constant-currency revenue growth target of 4% to 5%, driven by expanding Red Hat adoption and growing enterprise AI consulting bookings.
Tesla (TSLA)
Tesla rose 2% after reporting Q3 results that cleared Wall Street expectations. The EV maker posted adjusted EPS of $0.48 ($0.03 ahead of consensus) on revenue of $28.05 billion versus $27.92 billion expected, supported by record energy storage deployment volumes and lower raw material costs that helped cushion vehicle average selling price reductions.
Lam Research (LRCX), KLA Corporation (KLAC) & Applied Materials (AMAT)
Lam Research fell 6% despite posting a minor Q1 beat-and-raise ($2.20 EPS on $8.22 billion in revenue, with Q2 revenue guided to $8.6B ±$400M). The post-earnings decline triggered broader sector pressure, with peers KLA Corporation and Applied Materials trading down in sympathy as profit-taking hit chip equipment makers following recent rallies.
CSX Corp. (CSX)
CSX Corp. gained 5% after beating third-quarter earnings targets, posting an EPS of $0.57 (beating the $0.53 consensus) on $4.02 billion in revenue. The rail carrier benefited from higher intermodal volumes and improved network velocity, which offset lower coal shipment volumes.
Kinder Morgan (KMI)
Kinder Morgan gained 3% following a Q3 beat, reporting EPS of $0.35 on $4.53 billion in revenue. While full-year 2026 EPS guidance of $1.36 came in below the $1.56 analysts’ consensus, steady natural gas pipeline throughput and expanding LNG feedgas volume commitments buoyed investor sentiment.
Las Vegas Sands (LVS)
Las Vegas Sands dropped 4% after missing Q3 top- and bottom-line estimates. The resort operator reported Q3 EPS of $0.54 (trailing the $0.73 estimate) on revenue of $3.22 billion versus $3.33 billion expected, impacted by lower-than-anticipated VIP hold rates and slower mass-market gaming recovery in Macao.
ProPicks AI evaluates AMAT alongside thousands of other companies every month using 100+ financial metrics. Using powerful AI to generate exciting stock ideas, it looks beyond popularity to assess fundamentals, momentum, and valuation. The AI has no bias—it simply identifies which stocks offer the best risk-reward based on current data with notable past winners that include Super Micro Computer (+185%) and AppLovin (+157%). Want to know if AMAT is currently featured in any ProPicks AI strategies, or if there are better opportunities in the same space?