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Check out the companies making headlines in afternoon trading: Lilium – US-listed shares plunged 62% after the German air taxi startup said in a regulatory filing that two of its main subsidiaries would file for bankruptcy, which Occurs when the loan cannot be repaid. next few days. Shares of Lilium, which is a penny stock, were trading around 25 cents Thursday afternoon. Tesla – Stock surged 22% after the electric vehicle maker reported a third-quarter profit decline. CEO Elon Musk has estimated that the company will see vehicle growth of 20% to 30% in 2025. Newmont – Shares fell 15% after the company reported weaker-than-expected third-quarter earnings. Newmont reported adjusted earnings of 81 cents per share on revenue of $4.61 billion for the period, while analysts surveyed by FactSet were expecting 86 cents per share on revenue of $4.67 billion. QuantumScape – The battery maker jumped 25% after the company’s third-quarter results met expectations, according to FactSet. For the quarter, the company reported a loss of 23 cents per share. It also said it had begun producing its first B-specimen cells in small quantities. Molina Healthcare – Shares soared 18% after the managed care company reported its latest quarterly results, which beat estimates. Molina Healthcare reported adjusted earnings of $6.01 per share, better than the LSEG consensus estimate of $5.81 in earnings per share. Revenue of $10.34 billion exceeded the forecast $9.91 billion. Whirlpool – Shares rose nearly 11% after Whirlpool topped third-quarter expectations. The home appliance company reported adjusted earnings of $3.43 per share, better than the $3.19 per share expected by analysts surveyed by LSEG. West Pharmaceutical Services – Shares rose 15% after West Pharmaceutical Services reported a third-quarter decline. The maker of packaging components for injectables earned an adjusted $1.85 per share in its latest quarter, better than the $1.50 per share earnings anticipated by analysts, according to FactSet. Revenue of $746.9 million topped the consensus estimate of $709.6 million. CBRE Group – Shares rose 8% to a 52-week high after the commercial real estate firm reported third-quarter adjusted earnings per share and revenue that beat expectations. CBRE also raised its full-year adjusted earnings guidance to $4.95 to $5.05 per share from $4.70 to $4.90 per share. Analysts surveyed by FactSet were expecting full-year adjusted earnings per share of $4.82. Raymond James Financial – Shares rose 7% after the financial services firm reported fiscal fourth-quarter adjusted earnings of $2.95 per share. Analysts polled by FactSet had expected just $2.41 per share. The company’s revenue of $3.46 billion also exceeded the estimated $3.32 billion. Teradyne – The automation company declined 11% despite reporting a decline in non-GAAP earnings and revenue in the third quarter. Teradyne also provided fourth-quarter guidance that included FactSet’s earnings and revenue estimates. Carrier Global – Shares fell 9%. The company reported adjusted earnings of 77 cents per share from continuing operations. The carrier classified its Fire & Security segment as discontinued operations in the last quarter. Therefore, the company’s third quarter revenue and guidance were not comparable with Wall Street estimates. Northrop Grumman – The defense company advanced 1% after reporting an earnings decline. Northrop Grumman reported earnings per share of $7 for the third quarter, beating the average analyst estimate of $6.07 per LSEG. Revenue for the quarter, on the other hand, came in at $10 billion, below estimates of $10.18 billion. ServiceNow – The software company advanced more than 5%. ServiceNow reported third-quarter adjusted earnings of $3.72 per share, beating Wall Street’s estimate of $3.46 per share, according to LSEG. ServiceNow’s revenue of $2.80 billion also exceeded analysts’ expectations of $2.74 billion. Mattel – The toy maker jumped 4% after third-quarter earnings per share beat expectations. Mattel reported adjusted earnings of $1.14 per share, exceeding the consensus forecast of 95 cents from analysts surveyed by LSEG. However, the company posted revenue of $1.84 billion for the quarter, slightly below the $1.86 billion figure expected by analysts. Boeing – The aircraft maker slipped 1% after Boeing machinists voted against a new labor contract, prolonging a strike that has lasted more than five weeks. International Business Machines – Shares fell nearly 6% after the tech giant reported third-quarter revenue that disappointed analysts’ expectations. According to FactSet, IBM had sales of $14.97 billion last quarter, while analysts had expected $15.07 billion. — CNBC’s Sean Conlon, Michelle Fox, Alex Haring, Hakyung Kim and Sarah Min contributed reporting.
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