Meta, Tesla, IBM, Lam Research Lead After-Hours Moves

Tesla shares rose less than 1% in extended trading after the automaker beat Wall Street expectations, posting adjusted earnings of 48 cents per share and revenue of $28.05 billion, surpassing analyst forecasts of 43 cents and $27.88 billion. IBM jumped 3% on adjusted earnings of $2.95 per share, beating the $2.86 estimate, with revenue also exceeding forecasts and full-year 2026 free cash flow projected to rise by over $1 billion. Meta gained 5% as third-quarter revenue of $64.60 billion topped the $63.37 billion consensus, while CSX rose 4% on earnings of 57 cents per share versus the 53-cent estimate. Rollins fell over 8% after missing estimates with 33 cents per share and $1.09 billion in revenue, and Las Vegas Sands dropped 2% on earnings of 54 cents versus the 69-cent forecast. Lam Research declined over 5% despite beating earnings and revenue expectations, while SAP advanced 4% on stronger-than-expected results. QuantumScape surged over 8% after announcing a 100 megawatt-hour solid-state battery production line for AI data centers.