Stocks in Pre-market: Pfizer, Tesla, Caterpillar, JetBlue Fall; Pinterest, Arista Rise; After Hours: PINS, WOLF, ANET
Pfizer reports its first quarterly loss since 2019 due to charges related to its COVID products, while Pinterest soars after reporting better-than-expected Q3 results. Tesla continues to decline as its key supplier, Panasonic, cuts automotive battery production, raising concerns about a global slowdown in EV sales. Caterpillar's stock falls as its order backlog declines, overshadowing a rise in Q3 profit. Arista Networks gains after reporting strong results, indicating robust demand for cloud and AI offerings. JetBlue posts a wider-than-expected loss in Q3 and offers disappointing full-year guidance, while Anheuser Busch Inbev announces a $1 billion share buyback after beating expectations. BP's ADRs fall as it misses expectations with its Q3 earnings.
