American Airlines Rises on 3Q Results, Beyond Meat Whipsaws, T-Mobile Beats on Subscriber Growth
On this episode of Stock Movers:
- American Airlines (AAL) is rising after reporting a smaller-than-expected loss in the third quarter, with an adjusted loss of 17 cents a share. The airline now sees a profit for the full year, compared with a loss previously predicted, and predicted a return to profitability in the last quarter of the year.
- Beyond Meat (BYND) careened to record lows last week, then embarked on a four-day rally, surging more than 1,300% before heading back to earth and slumping 17% in Thursday trading. The resurrection of Beyond Meat's meme status lifted the producer of meatless burger patties from record lows and incited a frenzy of retail trading activity.
- T-Mobile (TMUS) declined, despite reporting 1 million new mobile phone subscribers in the third quarter and raising its outlook for the year. The increase surpassed the 852,000 customer additions that analysts had expected and marked the company’s highest third-quarter result for the category in more than a decade, according to a statement Thursday.
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