This roundup covers stocks that attracted retail traders and investors on Wednesday. Meta Platforms shares finished Wednesday at $697.52, a gain of 0.47%. Meta shares traded between $689.68 and $713.22 during the session. Meta's 52-week trading range extends from $520.26 to $779.82. Meta shares subsequently gained 2.17% to $712.65 after hours.
Meta reported third-quarter revenue of $64.6 billion, a 26% year-over-year increase that exceeded analysts' $63.37 billion estimate. Meta's adjusted earnings per share reached $7.40, above the expected $5.74. A 10% rise in ad impressions and a 14% increase in average ad prices supported Meta's results. Meta projected fourth-quarter revenue between $73 billion and $76 billion. Meta increased the company's full-year expense forecast to between $175 billion and $179 billion. Meta also announced a new Class C share structure. Meta announced a one-time stock dividend equivalent to a two-for-one stock split. Benzinga Edge rankings place Meta's Momentum score in the 59th percentile and Growth score in the 74th percentile.
IBM shares finished Wednesday at $251.46, up 3.94%. IBM shares traded between $240.62 and $251.75 during the session. IBM's 52-week trading range extends from $199.19 to $332.46. However, IBM shares dropped 4.64% to $239.80 in extended trading.
IBM reported third-quarter revenue of $17.10 billion, a 5% year-over-year increase that exceeded analysts' $16.82 billion estimate. IBM's adjusted earnings per share reached $2.95, above the expected $2.86. Software revenue growth of 8% supported IBM's results. IBM retained the company's full-year revenue forecast of $70.24 billion to $70.91 billion. IBM raised the company's forecast for year-over-year free cash flow growth from approximately $1 billion to more than $1 billion.
Major U.S. stock indices advanced on Wednesday. The Dow Jones Industrial Average finished at 52,856.09, up 0.69%. The S&P 500 finished at 7,757.17, up 0.58%. The Nasdaq finished at 26,702.86, up 1.05%.
The roundup also covers Texas Instruments forecasting fourth-quarter revenue of $5.8 billion to $6.3 billion, Lam Research reporting record fiscal first-quarter 2027 revenue of $8.22 billion, and Tesla reporting third-quarter revenue of $28.05 billion.
Meta, IBM, and Other Stocks See Gains Amid Strong Q3 Earnings
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Summary
The fear and greed index turned bullish as Meta (NASDAQ:META) closed at $697.52, up 0.47%, with a post-market jump to $712.65 after Q3 revenue hit $64.6 billion, up 26% YoY. IBM rose 3.94% to $251.46, helped by 8% software growth, but fell 4.64% in after-hours. The Dow, S&P 500, and Nasdaq all gained on Wednesday. Altcoins to watch may benefit from the broader market momentum.
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