United Airlines recently announced that it expects its adjusted profit to be negatively impacted in the fourth quarter due to the ongoing war between Israel and Hamas. The airline operator stated that this impact would be even more significant if flight suspensions to Tel Aviv continue beyond the end of October. As a result of this news, shares of United Airlines saw a decline of 4.7%, reaching $38.23 after-hours.
J.B. Hunt: Weaker Demand for Freight Continues
J.B. Hunt, a prominent shipping company, reported weaker demand for freight in its third-quarter results. Particularly concerning was the sharp drop in prices within its intermodal and truckload segments. As a result, the company experienced an 18% decrease in revenue and a fall in profit during the third quarter. These results led to a decrease of 3.6% in shares, which reached $189 after-hours.
Viking Therapeutics: Promising Data for Potential Obesity Treatment
Exciting news from Viking Therapeutics as they shared early data from a study of their potential obesity treatment, VK2735. The study demonstrated that this treatment reduced liver fat content and plasma lipid levels in patients. Additionally, previous research had already shown that VK2735 could lead to reductions in body weight. With these promising results, Viking Therapeutics believes that their drug could become a potential treatment for non-alcoholic fatty liver disease and non-alcoholic steatohepatitis. As a result of this announcement, shares of Viking Therapeutics increased by 13% to $12.10 after-hours.