Tesla stock rose 0.75% after it released earnings and sales for the third quarter of 2020 that came in higher than analysts’ expectations. The California-based electric vehicle maker reported third-quarter net income of $331 million, or 27 cents per share, compared with 16 cents per share a year earlier. On an adjusted basis for exceptional items, EPS doubled to 76 cents from 37 cents in the third quarter of 2019. The company after Wall Street close on Wednesday said sales beat consensus expectations of $8.77 billion for the quarter compared with $6.3 billion a year earlier. FactSet’s consensus was for adjusted EPS of 56 cents and revenue of $8.28 billion.

For the automotive group founded and led by Elon Musk, this is the fifth consecutive quarter of profits, whether under GAAP accounting standards or in adjusted terms (non-GAAP), which should this time open the doors to the S&P 500 Index in an upcoming shuffle. Despite the coronavirus crisis, Tesla has also confirmed its 2020 target of delivering 500,000 vehicles.

AT&T shares climbed 5.8% in the wake of higher-than-expected accounts for its third quarter. Adjusted earnings per share for the three months ended September were 76 cents, down 19%, but slightly above consensus. Revenues declined 5% year-on-year to $42.3 billion, compared with a consensus of $41.6 billion. Subscribers to the HBO Max streaming service now number 38 million in the US, which is higher than the annual target. The group’s wireless network also recouped 645,000 new monthly subscribers, exceeding consensus.

Coca-Cola share price advanced 1.38% following financial results. The U.S. leader in soft drinks reported a third quarter profit that exceeded market expectations, but is currently refraining from providing annual profit guidance in light of the pandemic. Adjusted earnings per share for the three months ended September were 55 cents, compared to 56 cents a year earlier and 46 cents of consensus. Quarterly revenue fell 11% to $8.7 billion, but consensus was $8.36 billion over the period.