Courtesy of Benzinga.
Tesla reported earnings on Tuesday afternoon. Traders will be talking about their live reaction to Tesla earnings on Benzinga's Premarket Prep the next day.
Shares of Tesla Motors Inc (NASDAQ: TSLA) were trading more than 7 percent higher on Tuesday’s after-hours session, following the announcement of the company’s third quarter financial results.
The carmaker reported a net loss of ($0.58) per share, missing the Street’s expectations for a net loss of ($0.53) per share. However, revenue of $1.244 billion came ahead of consensus, which called for $1.214 billion in sales.
On the other hand, Herbalife Ltd. (NYSE: HLF) was down more than 2 percent on its earnings report. The nutrition company delivered earnings of $1.28 per share, beating the Street’s consensus of $1.07 per share. Nonetheless, sales came short of expectations, at $1.103 billion, versus the Street’s $1.152 billion consensus estimate.
Back to gainers, there’s Zynga Inc (NASDAQ: ZNGA). The small-cap provider of social game services rose about 0.4 percent since the bell rang on an earnings and revenue beat. Earnings came in at $0.00 per share on revenue of $195.74 million, above the Street’s consensus, which called for a net loss of ($0.01) per share on sales of $167.82 million.
Groupon Inc (NASDAQ: GRPN) surged almost 0.75 percent after naming a new CEO, Rich Williams, and beating the Street’s earnings estimates – reported earnings of $0.05 per share were above estimates of $0.01 per share. Notwithstanding, revenue of $713.6 million fell short of expectations for $729.71 million, same as guidance.
Finally, Cerner Corporation (NASDAQ: CERN) was down almost 10 percent after missing earnings and revenue estimates. Earnings of $0.54 per share fell one cent short of the Street’s projections, while revenue of $1.128 billion did not reach the expected $1.173 billion.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
Posted-In: Earnings News After-Hours Center Movers
