Take a look at some of the biggest movers in the premarket: F5 Networks (FFIV) – F5 beat estimates by 30 cents a share, with quarterly earnings of $2.76 per share. The enterprise software maker’s revenue topped analysts’ forecasts as well. F5 saw strong demand amid a continued pandemic-induced growth in digital business applications. F5 rallied 6.1% in premarket trading. …
Elon Musk, chief executive officer of Tesla Inc., right, departs from court for the SolarCity trial in Wilmington, Delaware, U.S., on Monday, July 12, 2021. Samuel Corum | Bloomberg | Getty Images Tesla CEO Elon Musk sniped at Silicon Valley neighbor Apple twice during a conference call to discuss Tesla earnings on Monday. Although the companies don’t compete directly today, …
A trader works inside his post on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Stock futures were flat in overnight trading Monday ahead of quarterly earnings reports from several mega-cap technology companies. Futures on the Dow Jones Industrial Average added 15 points, or 0.04%. S&P 500 futures and Nasdaq 100 futures traded near the flatline. …
A Tesla store in Beijing, China, on July 4, 2021. Costfoto | Barcroft Media | Getty Images Tesla said Monday that a $23 million bitcoin-related impairment caused some drag on its quarterly operating income. The electric auto company only referred to bitcoin or crypto one time in its second-quarter announcement, after CEO Elon Musk went back and forth on whether …
SpaceX founder and Tesla CEO Elon Musk visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Tesla reported earnings after the bell Monday, and it’s a beat on both top and bottom lines. Shares rose about 2% after hours. Here are the results. Earnings: $1.45 vs 98 cents per share adjusted expected, …
A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York. Lucas Jackson | Reuters Tesla shares have underperformed this year, but Wall Street analysts will be paying close attention to the electric vehicle maker’s second-quarter earnings call Monday for news that could send the stock higher. Source link
An illustration showing the cryptocurrency bitcoin with a price chart in the background. STR | NurPhoto via Getty Images Bitcoin surged Sunday evening topping $39,000 for the first time since mid-June as sentiment turned bullish following a recent sell-off. The cryptocurrency was trading at around $38,059.84 at 11:05 p.m. ET, according to CoinDesk data, up nearly 11% from the same …
A Tesla store in Beijing, China, on July 4, 2021. Costfoto | Barcroft Media | Getty Images Analysts at Goldman Sachs have picked multiple stocks to play the electric vehicle “mega trend,” including U.S., Chinese and European electric vehicle (EV) and battery companies. Source link
General Motors and its Cruise robo-taxi subsidiary have filed a lawsuit to stop Ford Motor from using the name “BlueCruise” to market its hands-free driving technology, the companies said on Saturday. In a statement released shortly after midnight Detroit time, GM said Ford’s use of the BlueCruise name infringed on GM’s Super Cruise trademark, as well as Cruise’s trademark. “While …
Morgan Stanley identifies 51 stocks that can deliver top-notch growth through their unique strengths. Source link
