Month: August 2018

Contrition pays off — just ask Elon Musk. The Tesla Inc. chief executive officer began the question-and-answer portion of the carmaker’s second-quarter earnings call by atoning for what he called his “bad manners” three months earlier. Musk then took the first two questions from two analysts he was harshest with last quarter — Sanford C. Bernstein’s Toni Sacconaghi and RBC Capital Markets’ Joseph Spak — and offered personal apologies. …read more […]

Apple said in a quarterly filing to the Securities and Exchange Commission, or SEC, that its share count was 4,829,926,000 on July 20, less than the 4,842,917,000 it reported on Tuesday for the end of the June quarter. Apple’s stock rose 5.89 percent to a record-high close of $201.50 on Wednesday following the company’s better-than-expected quarterly results. …read more […]

Smartwatch sales in the second quarter accounted for about 55 percent of its total revenue of $299.3 million, which beat estimates of $285.4 million. Fitbit, which is popular for its colorful fitness trackers, is a late entrant to the smartwatch market and has been facing stiff competition from tech players with deeper pockets such as Apple Inc (AAPL.O) and Samsung Electronics . Versa smartwatch outsold Samsung, Garmin and Fossil smartwatches combined in North America in the quarter, Chief Executive Officer James Park said in a statement. …read more […]

The South San Francisco, California-based company said it had net income of 28 cents per share. The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment … …read more […]

Tesla said it would produce its new Model 3 sedan at a profit after several recent weeks in which output stabilized, buoying hopes that the electric vehicle maker led by Elon Musk will stanch its financial losses in the second half of the year. Despite Tesla reporting a record loss in the second quarter, its shares rose over 8 percent in after-hours trading, as investors focused on rising production volumes and a slower rate of cash burn. Tesla said that during July it had “multiple times” hit its earlier goal of building about 5,000 Model 3s per week, …read more […]

ADP fourth-quarter fiscal 2018 earnings and sales improve on a year-over-year basis. …read more […]

Apple Inc updated its latest share count on Wednesday, putting the magic stock price at $207.04 that would make the iPhone maker the first publicly listed U.S. company valued at $1 trillion. Apple said in a quarterly filing to the Securities and Exchange Commission, or SEC, that its share count was 4,829,926,000 on July 20, less than the 4,842,917,000 it reported on Tuesday for the end of the June quarter. Apple’s stock rose 5.89 percent to a record-high close of $201.50 on Wednesday following the company’s better-than-expected quarterly results. …read more […]

Geron (GERN) meets earnings estimates on higher sales in the second quarter. Operating expenses however increase year over year. …read more […]

Find out which of these companies faces major competition. …read more […]