Tesla Slides on Weak Q4 Results and Cautious Outlook; ServiceNow, Lam Research Top Views While IBM Jumps on Upbeat Earnings
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Tesla (TSLA) tumbled late after missing fourth-quarter views and warning of "notably lower" growth. CEO Elon Musk said 2024 delivery growth may be "notably lower" than in 2023.
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ServiceNow (NOW) earnings beat views with guidance solid, but NOW stock turned slightly lower overnight after rising 1.3% Wednesday.
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Lam Research (LRCX) earnings and revenue topped views, with the chip-gear maker guiding in line. LRCX stock nudged higher after hours.
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United Rentals (URI) earnings beat views with the equipment rental firm also hiking its dividend by 10%. URI stock rose solidly overnight.
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IBM earnings and revenue topped views, with the venerable Dow giant giving strong cash flow guidance. IBM stock jumped in late trade.