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Rivian beat third-quarter earnings expectations as R2 SUV deliveries ramped up, driving the stock up roughly 7% in afterhours trading and prompting improved full-year guidance.
Reddit shares dropped over 15% after the company reported beating earnings expectations but providing weak fourth-quarter sales guidance and announcing plans to require user login.
Frontier Airlines reported a 71% increase in airfare during the third quarter as the budget carrier passed along higher jet fuel costs to passengers.
Samsung Electronics shares fell 4.13% despite reporting record third-quarter profit of over 100 trillion won, as investors showed muted enthusiasm for the results.
Eli Lilly raised its full-year revenue outlook to $91-92 billion and reported third-quarter earnings that exceeded expectations, driven by strong demand for obesity and diabetes drugs Zepbound and Mounjaro.
Merck topped third-quarter profit estimates and raised its adjusted earnings guidance, driven by stronger-than-expected sales of its immunotherapy Keytruda and its newer injectable form Keytruda Qlex.
