Here are some of the notable earnings reports just released:
Facebook ($FB)
Shares of social media giant Facebook rose after the bell as the company beat expected revenue and earnings per share.
Amazon ($AMZN)
Shares of e-commerce giant Amazon rose after the bell as the company beat expected revenue and earnings per share.
Alphabet ($GOOG)
Shares of Google's parent company Alphabet rose after the bell as the company beat expected revenue and earnings per share.
Apple ($AAPL)
Shares of the iPhone maker rose after the bell as the company beat expected revenue and earnings per share.
Gilead ($GILD)
Shares of Gilead Sciences, which is working to develop a COVID-19 vaccine, fell after the bell as the company missed expected revenue and earnings per share.
Shake Shack ($SHAK)
Shares of the burger chain Shake Shack fell after the bell as the company missed expected revenue and earnings per share.
Ford ($F)
Shares of Ford fell after the bell though the automaker beat on expected revenue and earnings per share.
The stunning indictment that led to the arrest of more than 30 people — including Miami Heat guard Terry Rozier and other NBA figures — has drawn new scrutiny of the booming business of sports betting in the U.S. The multibillion-dollar industry has made it easy for sports fans — and even some players — to wager on everything from the outcome of games to that of a single play with just a few taps of a cellphone. But regulating the rapidly-growing industry has proven to be a challenge. Professional sports leagues’ own role in promoting gambling has also raised eyebrows.
Tesla, the car company run by Elon Musk, reported Wednesday that it sold more vehicles in the past three months after boycotts hit hard earlier this year, but profits still fell sharply. Third-quarter earnings fell to $1.4 billion, from $2.2 billion a year earlier. Excluding charges, per share profit of 50 cents came in below analysts' estimate. Tesla shares fell 3.5% in after-hours trading. Musk said the company's robotaxi service, which is available in Austin, Texas, and San Francisco, will roll out to as many as 10 other metro areas by the end of the year.
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