M Alfathan Rahman
M Alfathan Rahman
US markets weigh results from Tesla and Meta, while P&G, Lockheed Martin and Western Digital report today.
Wall Street closed higher on Wednesday. The Nasdaq Composite rose 1.1%, the S&P 500 gained 0.6% and the Dow added 0.7%, according to Investing.com.
After the close, Tesla and Meta posted third-quarter results above analyst estimates. Tesla then fell more than 3% after hours, while Meta rose more than 2%.
| Stock | Movement | What to Watch |
|---|---|---|
| TSLA | Down more than 3% after hours Wednesday | The regular-session response to Q3 results and Musk's comments on Optimus |
| META | Up more than 2% after hours Wednesday | First regular session after Q4 revenue guidance of $73 billion to $76 billion |
| PG | Q1 webcast at 8:30 a.m. ET | First results of fiscal 2027, after guidance for 1% to 3% organic sales growth |
| LMT | Reports before the open, webcast 8:30 a.m. ET | Q3 results, after a record $230 billion backlog at the end of June |
| WDC | Reports after the close, call 4:30 p.m. ET | Fiscal 2027 first-quarter results |
Source: after-hours moves and What to Watch for TSLA and META from Investing.com; schedules and figures for PG, LMT and WDC from company releases and 8-K filings.
Tesla (TSLA) reported adjusted earnings of 48 cents per share, above the expected 45 cents, on revenue of $28.05 billion, according to Investing.com. Automotive gross margin excluding regulatory credits improved to 18.1% from 15.4% a year earlier. The shares rose at first, then turned lower during the earnings call.
Musk asked investors to temper expectations for the Optimus robot. He said robotaxi revenue is likely to become noticeable in the second quarter of 2027.
Meta Platforms (META) reported revenue of $64.6 billion, up 26%, above analyst expectations of $63.33 billion, according to Investing.com. Earnings of $3.83 per share also beat the $3.57 consensus, despite a $9.89 billion legal charge tied to teen mental health litigation.
Meta guided fourth-quarter revenue of $73 billion to $76 billion. It also approved a nonvoting Class C stock effective January 19, 2027, which Meta expects to work like a two-for-one split on the Class A share price.
Procter & Gamble (PG) webcasts its first-quarter results at 8:30 a.m. ET. For fiscal 2027, P&G expects organic sales growth of 1% to 3%.
Lockheed Martin (LMT) publishes third-quarter results before the market opens, with a record $230 billion backlog at the end of June. After the close, Western Digital (WDC) reports fiscal 2027 first-quarter results, with a call at 4:30 p.m. ET.
As of 8:58 p.m. ET on Wednesday, S&P 500 futures were down 0.4% at 7,768.25, according to Investing.com. Nasdaq 100 futures fell 0.7% to 29,800 and Dow futures slipped 0.3% to 52,879.
Brent crude traded above $110 a barrel in Asian trading on Thursday amid geopolitical uncertainty. Investors are also watching US inflation pressures ahead of the Fed's meeting next week, according to Investing.com.
Tonight the market weighs the Tesla and Meta results in the regular session, alongside reports from P&G, Lockheed Martin and Western Digital.
For Tesla, the focus moves from the earnings figures to its robot and robotaxi plans. For Meta, the fourth-quarter guidance and the new share class lead the conversation.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
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