- Electric-car maker Tesla saw shares rise nearly 20 percent following news of a $143 million gain in the third quarter, despite analysts’ expectations to post a loss. Tesla reported it delivered 97,000 cars in the quarter and will need to deliver another 105,000 in the fourth quarter to meet its annual forecast.
- Shares of Microsoft rose three percent and reached an all-time high following news that the technology company secured a $10 billion contract from the Pentagon for cloud computing services, beating out rival Amazon for the deal. So far in 2019, Microsoft shares have risen more than 40 percent.
- After posting a strong third quarter where it added 6.8 million subscribers, shares of video streaming service Netflix were trading up nearly 10 percent. Revenue in the quarter grew 31 percent compared to the same period last year as the company continues to expand its international offerings.
- Food delivery service GrubHub saw its shares fall more than 40 percent following disappointing earnings in the third quarter. So far this year, the stock has lost more than half its value, with several analysts downgrading the stock after the news.