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AT&T, American Airlines, Blackstone and more


Take a look at the businesses making headlines before the bell:

AT&T (T) – AT&T rose 2.4% within the premarket after reporting better-than-expected profit and revenue for the third quarter. The corporate said wireless revenue rose 5.6%, the most effective quarterly improvement in greater than a decade, and postpaid phone net additions got here in higher than expected.

American Airlines (AAL) – American Airlines beat top and bottom line estimates for the third quarter as travel demand continued to surge despite economic worries. American stock jumped 2.6% in premarket trading.

Blackstone (BX) – Blackstone added 1% in premarket motion following better-than-expected quarterly results. Distributable earnings fell 16% from a yr ago, due partly to market declines.

Dow Inc. (DOW) – The chemical maker’s stock fell 2.5% within the premarket, despite a top and bottom line beat for the third quarter, with investors specializing in higher energy costs that hurt Dow’s profit margins.

Tesla (TSLA) – Tesla slid 5.3% in premarket trading after it reported lower-than-expected quarterly revenue and cut its full-year delivery goal. The electrical vehicle maker reported a better-than-expected profit for the quarter.

IBM (IBM) – IBM rallied 3.3% in off-hours trading after reporting a top and bottom line beat for its latest quarter and raising its full-year revenue outlook. IBM saw improved ends in multiple business segments, including software, consulting and infrastructure.

Las Vegas Sands (LVS) – Las Vegas Sands reported a larger-than-expected loss for the third quarter, while revenue beat analyst forecasts. The casino operator’s results are still being impacted by China’s Covid-19 policies, that are crimping business In Macau. Nonetheless, Las Vegas Sands shares rose 1% in premarket trading.

Allstate (ALL) – Allstate tumbled 10.3% within the premarket after the insurance company said it will report a third-quarter loss. Catastrophe losses will grow for the quarter, largely as a result of the impact of Hurricane Ian, which struck in September.

WD-40 (WDFC) – WD-40 slid 6.3% in premarket motion after saying inflation will affect the lubricant maker’s ability to hit its 55% gross margin goal.

Alcoa (AA) – Alcoa shares slumped 10.7% within the premarket after the aluminum producer reported an unexpected third-quarter loss. A drop in aluminum prices and better costs affected Alcoa’s results.

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