IBM (IBM): IBM raised its full-year revenue forecast and posted better-than-expected third-quarter results, sending shares up more than 4% in extended trading. Revenue for the third quarter was $14.1 billion with earnings of $1.81 per share. Red Hat’s revenue rose 12%. Las Vegas Sands (LVS): The casino giant reported an adjusted loss of 27 cents for the third quarter, beating Street expectations for a loss of 24 cents per share on revenue of $1.01 billion. In the earnings call, executives noted that travel restrictions and reduced visits continued to affect their business. Despite the slowdown, CEO Rob Goldstein remained bullish, noting that he is “confident in the recovery in travel and tourism spending.” Lam Research (LRCX): The semiconductor company’s third-quarter results beat both the top and bottom lines, sending shares higher in after-hours trading. Revenue for the quarter was $5.07 billion, up 9.5% from the prior quarter. CEO Tim Archer noted that “solid execution coupled with easing supply chain conditions” helped boost the company’s results. Click here for the latest Yahoo Finance platform stock trends Click here for the latest stock market news and in-depth analysis, including the events that move stocks Read the latest financial and business news from Yahoo Finance Download the Yahoo Finance app for Apple or Android Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn and YouTube
