Earnings live: Netflix stock dives, GE Vernova reverses gains, Hilton rises as Tesla earnings loom

Earnings Overview - Earnings season is underway with major companies like Tesla, Netflix, General Motors, and Ford reporting results this week [1] - As of October 17, 12% of S&P 500 companies have reported, with analysts expecting an 8.5% increase in earnings per share for Q3, marking the ninth consecutive quarter of positive growth but a slowdown from 12% in Q2 [1][2] Company-Specific Highlights - Netflix: Stock fell after missing earnings estimates, with operating profit impacted [8] - Thermo Fisher Scientific: Reported Q3 earnings of $5.79 per share, exceeding estimates of $5.50, and revenue of $11.1 billion, above expectations of $10.9 billion [11] - Mattel: Stock dropped nearly 6% after reporting earnings of $0.89 per share, below the expected $1.03, and revenue of $1.73 billion, short of the $1.83 billion forecast [13][14] - GE Vernova: Stock rose nearly 4% with orders up 55% to $14.6 billion, although profits of $1.64 per share were below expectations of $1.86 [16][17] - Hilton: Adjusted earnings per share of $2.11 beat expectations of $2.05, despite a 1.1% decline in revenue per available room [19][20] - AT&T: Surpassed subscriber estimates due to strong demand for bundled services, leading to a nearly 2% stock rise [21] - Intuitive Surgical: Stock jumped 15% after beating earnings estimates due to strong demand for surgical robots [22] - Texas Instruments: Stock fell 7% on a weaker-than-expected Q4 outlook, with projected sales of $4.22 billion to $4.58 billion [23][24] - Capital One: Reported a 23% increase in net revenue to $15.4 billion, with earnings per share of $4.83, above expectations [26] - Philip Morris: Stock fell 8% after reporting a 3.2% decline in cigarette shipments, although smokeless product sales increased by 16.6% [28][29] - 3M: Raised its annual earnings outlook after reporting sales of $6.3 billion, slightly above estimates [31][32] - Halliburton: Stock rose over 5% after reporting adjusted earnings of $0.58 per share, exceeding estimates [33][34] - GE Aerospace: Stock rose over 2.5% after reporting adjusted earnings per share of $1.66, above estimates of $1.47 [36][37] - Northrop Grumman: Raised its 2025 profit forecast due to increased demand for defense products [41] - Elevance Health: Stock rose 6% after beating quarterly profit estimates [42]