Stock Futures Slip as Investors Monitor China Trade Developments, Earnings Results

American Airlines Stock Rises on Better-Than-Expected Q3 Results, Rosy Q4 Profit Forecast

25 minutes ago

American Airlines Group (AAL) shares were up about 4% less than an hour before the opening bell after the carrier reported stronger-than-expected third-quarter results and issued a rosy current-quarter profit projection.

The Fort Worth, Texas-based airline posted an adjusted quarterly loss of $0.17 per share, narrowed from $0.30 per share a year ago, on revenue that increased 0.3% to $13.69 billion. Analysts surveyed by Visible Alpha had expected an adjusted loss of 27 cents per share on revenue of $13.62 billion.

For the fourth quarter, American sees adjusted EPS from $0.45 to $0.75. Visible Alpha consensus is for an adjusted profit of $0.32 per share.

American also named Nathaniel Pieper its new Chief Commercial Officer, effective Nov. 3. Pieper, who currently is CEO of the oneworld alliance American is a member of, replaces Vasu Raja, who left the carrier back in June 2024.

“By the end of this year, the company expects it will have fully restored its share of indirect revenue that was impacted by its former sales strategy,” the carrier said. “American is now shifting focus to expanding its share of indirect revenue beyond historical levels, which, combined with improved distribution capabilities, is expected to produce meaningful value for the airline.”

American Airlines shares entered the day down about 30% this year.

IBM Stock Sinks Before the Bell After Disappointing Software Revenue

1 hr 26 min ago

IBM (IBM) stock appears to be headed for a sharply lower open.

Shares of the Armonk, N.Y.-based tech firm were down about 7% before the bell after it reported third-quarter software revenue that came in below analysts’ estimates.

IBM reported software revenue of $7.21 billion, while analysts surveyed by Visible Alpha had expected $7.24 billion.

The company’s overall revenue of $16.33 billion and adjusted profit of $2.65 per share topped analysts’ projections, and it lifted its full-year guidance for revenue growth and free cash flow.

“Clients globally continue to leverage our technology and domain expertise to drive productivity in their operations and deliver real business value with AI,” CEO Arvind Krishna said. Our AI book of business now stands at more than $9.5 billion.”

IBM shares entered Thursday up 30% this year.

Stock Futures Mixed, Little Changed

2 hr 7 min ago

Futures tied to the Dow Jones Industrial Average were down 0.1%.

S&P 500 futures were up fractionally.

Nasdaq 100 futures also were up less than 0.1%.