Tesla stocks fell 8 percent when the market opened today following the company’s earnings call May 2. Elon Musk says Tesla will be a year late on its promise to deliver 5,000 Model 3 cars per week. Right now Tesla has more than 450,000 customers still waiting for their Model 3s. Click the audio player above to […]
The fundamentals of this economy are strong right now but you wouldn’t always know it from the stock markets lately. Volatility has been the word of recent weeks. But on Friday big banks including JPMorgan Chase and Citigroup are expected to show strong profits. Click the audio player above to hear the full story.
Security issues and faulty fixes have vexed computer giant Intel, and that’s just in January. But analysts say the problems probably won’t dent profits in the long term. Intel releases its quarterly earnings report later today. The company has generated a lot of not-so-great headlines in recent weeks over major security vulnerabilities in its processors. […]
Estee Lauder announced earnings this morning. The cosmetics company beat estimates, reporting net income of $229 million, up from $94 million for the same period last year. Net sales rose 11 percent in the fourth quarter. Behind the numbers is the reality that established beauty brands like Estee are facing big challenges from beauty startups […]
Earnings season is well underway, and so far corporate profits for the second quarter have been pretty good. Surprisingly good, actually. Of the companies in the S&P 500 index that have reported results so far, most have exceeded analysts’ expectations. Plenty of earnings news is still to come, including reports tomorrow from biggies like Apple, […]
Snapchat’s first quarter earnings fell short of expectations on many fronts, and that has investors wondering if Instagram and its owner, Facebook, are beating Snap at its own game. Instagram and Facebook have copied many popular features of Snapchat and its “stories” platform, and they have the bigger user base in place that Snap wants […]
