In company news, Lithia Motors (LAD) still was 0.6% higher after the automotive retailer Wednesday reported non-GAAP net income of $11.21 per share for its Q3 ended Sept. 30, up from $6.89 per share during the year-ago quarter, while net sales grew 70.4% year-over-year to $6.17 billion. Analysts polled by Capital IQ had been expecting adjusted earnings of $9.30 per share on $5.75 billion in sales.
Newegg Commerce (NEGG) climbed 4.1% after the e-commerce company Wednesday announced a new collaboration with the PromoteIQ performance marketing channel to promote products by vendor-direct sellers to in-market shoppers and increase sales in real-time. Financial terms were not disclosed.
Among decliners, United Airlines (UAL) was slipping 0.6%, giving back a 1.5% morning advance, after overnight reporting a smaller-than-expected non-GAAP Q3 net loss of $1.02 per share, beating the Capital IQ consensus looking for $1.68 per share adjusted loss, while revenue more than tripled over year-ago levels to $7.75 billion, also exceeding the $7.64 billion Street view.
Brinker (EAT) shares slid 9.7% after the restaurant chain said its fiscal Q1 results likely will miss analyst estimates, projecting non-GAAP net income of $0.34 per share on $859.2 million in net sales. Wall Street is expecting $0.71 per share and $876.2 million, respectively.
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