Trending tickers: Tesla, Lloyds, Capri, Deckers and Mercedes-Benz
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Tesla (TSLA)
Electric carmaker Tesla had its best day on the market in over a decade on Thursday, on the back of the company's surprisingly solid results.
Shares ended Thursday's session up nearly 23%, giving Tesla a market valuation of $836bn (￡644bn). CEO Elon Musk's net worth jumped by $33.5bn, widening his lead as the world's richest person, according to the Bloomberg Billionaires Index.
Tesla kicked off "Magnificent Seven" earnings on Wednesday, posting beats on adjusted earnings per share and higher gross margins.
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Adjusted earnings per share of $0.72, was ahead of an anticipated $0.60, on adjusted net income of $2.5bn and free cash flow of $2.9bn.
Tesla's closely-watched gross margin figure came in at 19.8%, much higher than the 16.8% expected.
In addition, Tesla said that preparations remained underway for launches of its more affordable models in the first half of next year.
Musk also said in an earnings call that Tesla's volume growth could be between 20% and 30% next year.
Lloyds Banking Group (LLOY.L)
Bank Lloyds reported a slight dip in profits in the third quarter but still beat estimates, with the bank reiterating its full-year guidance.
Profit before tax for the third quarter came in at ￡1.823bn ($2.36bn), which was 2% lower than the same period last year.
However, this came in ahead of consensus estimates of ￡1.622bn, according to figures supplied by the bank.
Speaking on conference call following the release of the results on Wednesday, Lloyds group chief financial officer William Chalmers said that the bank had "continued to see increased confidence in customer activity."
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With regards to next week's autumn budget, Chalmers said that the bank looked forward to some "clarity" from the statement
"It is also our hope that the budget will be a pro-growth event," he added.
Shares rose following the release of the results on Wednesday but were flat on Friday morning. Lloyds was the first of the UK's major banks to report this week, followed by Barclays (BARC.L) and NatWest (NWG.L), who posted strong profit growth.
Capri Holdings (CPRI)
Shares in Capri Holdings, the parent company of Michael Kors and Jimmy Choo, plunged 45% in after-hours trading on Thursday after a US judge blocked its pending $8.5bn merger with Coach-owner Tapestry (TPR).
In a court filing obtained by Yahoo Finance, US district judge Jennifer Rochon ruled that "antitrust has come into fashion," arguing a merger between the two fashion powerhouses "will substantially lessen competition in the market for accessible-luxury handbags."