Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Tim Stenovec and Carol Massar.
On this episode of Stock Movers:
- Hilton (HLT) closed the day up 3.42%. The company boosted the lower-end of its full-year outlook for expanding its hotel network. Hilton now expects net unit growth to range between 6.5% and 7% for the full year, up from an earlier expectation of 6% to 7%. They reported earnings of $2.11 a share and raised outlook for full-year adjusted earnings per share to $7.97 to $8.06.
- Tesla (TSLA) shares slipped in extended trading, after the company posted third-quarter profit that fell short of Wall Street’s expectations. This came despite record electric-vehicle sales, a sign of the pressure automakers are facing from shifting federal policies and rising costs.
- IBM (IBM) reported disappointing revenue in its closely watched Red Hat unit, sparking concerns among investors who see the software business as among the keys to the company’s growth. The shares declined about 5% in extended trading after closing at $287.51 in New York. The stock had gained 31% this year through the close.
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