Text size Justin Sullivan / Getty Images Coca-Cola shares are rising early Wednesday morning, a day after launching better-than-expected earnings. The reason: An update from Morgan Stanley, which argues that stocks have become too cheap. Analyst Dara Mohsenian raised its rating on Coca-Cola (ticker: KO) shares to Equal Weight’s Overweight, …
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Tesla Inc. chief executive Elon Musk, who runs a company with a valuation of close to $ 300 billion, does not want the electric vehicle maker to be “super profitable.” He got away with it in the second quarter, when Tesla made a profit of $ 104 million thanks to …
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Text size Héctor Retamal / AFP via Getty Images Elon Musk has done it again, exceeding Wall Street expectations for Tesla‘s earnings significantly for the fourth consecutive quarter. The electric vehicle manufacturing company (ticker: TSLA) reported adjusted earnings per share of $ 2.18, and a profit under generally accepted accounting …
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After Snap Inc. shares initially sank in the news of its second-quarter results on Tuesday, they recovered quickly once analysts read the fine print and dug deep into the numbers. Quarterly losses increased, but so did daily active users and revenue, with strong indications that the current quarter is shaping …
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Tesla Inc.’s stock options imply a one-day post-earnings movement that is more than 60% higher than the historical average, but the odds are currently against investors willing to bet on such unusual volatility. The electric vehicle maker plans to report second-quarter results after Wednesday’s closing bell. The average estimates for …
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