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Tesla shares soared by more than 10 percent in after-hours trading after the company reported a surprise profit for the third quarter and better-than expected car sales and said it was speeding up its Model 3 production in China. Here's how the company did compared with what Wall Street expected, based on average estimates of analysts polled by Refinitiv: Adjusted earnings: $2.90 a share vs. an expected loss of 19 cents per share Revenue: $6.82 billion vs. an expected $6.33 billion The company earned an adjusted $516 million during the quarter, which was an otherwise a tumultuous one for the...

With a pledge of future profitability and an apology for past bad manners, Tesla CEO Elon Musk was upbeat in his conversation with analysts during a second-quarter conference call Wednesday. Tesla shares soared as much as 11 percent in after-hours trading. The stock has been under pressure for some time as investors have worried about the cash the company was burning and whether it would be able to sustain its profitability. The electric car maker's second-quarter loss was wider than analysts expected, but the company backed its prior forecast that calls for profitable third and fourth quarters. "From an operating...

Complete Headline: Starbucks sinks after announcing a weaker-than-expected sales forecast and plans to close over 100 stores next year (SBUX) Starbucks shares fell by as much as 5% in after-hours trading Tuesday after the company announced a third-quarter sales forecast that was weaker than analysts had expected. Global same-store sales, at locations open for at least one year, were projected to rise 1%, weaker than the forecast for 2.9% growth according to Bloomberg. Starbucks also announced a number of strategic changes. Notably, as from 2019, it plans to shift its focus for new stores away from areas where it already...

SOUTH MISSISSIPPI (WLOX) - South Mississippi's casinos are already breaking revenue records before the peak summer season even begins. The Mississippi Department of Revenue released figures of last month's gaming gross revenue, boasting a total of $108.5 million dollars to Coast casinos in April. This marks a record-breaking 9 percent increase from April 2017, when Coast Casinos brought in $99 million. The second highest April earnings took place in 2007, when there was a large resurgence in business and revenue following Hurricane Katrina. That year, Coast casinos reported a revenue of $107 million.

Caterpillar and 3M earnings surpassed analyst expectations. Calendar fourth-quarter earnings and sales have mostly beat analyst expectations thus far. U.S. stocks traded higher on Thursday on the back of stronger-than-expected quarterly results from Caterpillar and 3M. The Dow Jones industrial average gained 200 points. The S&P 500 rose 0.3 percent, with materials as the best-performing sector. The Nasdaq composite advanced 0.4 percent. Shares of Caterpillar rose as much as 2.8 percent before trading 1 percent higher, while 3M gained 2.7 percent. Celgene and McCormick also reported better-than-forecast quarterly earnings and sales. "The numbers companies are releasing, along with the upbeat...

U.S. stock-index futures pointed to a higher open on Tuesday, suggesting another round of records could be in store for the main benchmarks as earnings continue to come in largely ahead of expectations. Caterpillar Inc.’s earnings-driven rally looked set to lead the Dow industrials higher, while Whirlpool Corp.’s drop following its results helped limit the S&P 500’s advance.

African Americans were worse off financially in 2016 than they were in 2000. The median income for an African American household was $39,490 last year, according to U.S. Census Bureau data released last week. It was $41,363 in 2000. (Both figures are in 2016 dollars, so they have been adjusted for inflation). African Americans are the only racial group the Census Bureau identifies that has been left behind. White, Asian and Latino households have all seen at least modest income gains since 2000.

Have a tattoo? If the answer is “yes,” it’s more likely you’re unemployed or completely out of the labor force. On average, your income is lower. You’re more probably a smoker, use illegal drugs, engage in risky sexual behavior, have been a victim of crime, and have been incarcerated for committing crime yourself.

Earnings season has offered plenty of reasons for investors to be optimistic. Even more good news is on the way. With over 80% of S&P 500 companies having posted quarterly results, the profit engines at the biggest U.S. public companies are humming along. In an environment of elevated valuations, strong earnings growth helps justify record highs for stocks and suggests the bull market still has legs. First-quarter earnings are on pace to increase 13.5% from the same period a year earlier, according to FactSet. That would be the third consecutive quarter of year-over-year growth and the quickest pace since the...

<p>Wal-mart Stores reported quarterly earnings and revenue that beat analysts' expectations on Thursday.</p> <p>The company posted first-quarter earnings per share of 98 cents, compared to $1.03 a share in the year-earlier period.</p> <p>Revenue for the quarter came in at $115.9 billion, against the comparable year-ago figure of $114.83 billion.</p>

The rollout of disappointing first-quarter earnings has continued in recent days, with sectors such as airlines and tech getting hit and eclipsing memories of early beats by the big banks. But the biggie has to be the disappointing top- and bottom-line miss by Apple (AAPL) after the close on Tuesday, marking the company's first quarterly revenue decline in 13 years.Apple was down more than 8 percent in after-hours trading on those earnings that came in at $1.90 per share (vs. $1.97 expected), an 18.5 percent decline from last year. Revenues came in at $50.6 billion (vs. $52.2 billion expected),...

In the last three months of 2015, earnings declined 4% at the largest 500 publicly-traded companies compared to a year ago. It was the largest drop since 2009, according to Bank of America Merrill Lynch research. Energy companies accounted for much of the decline as oil prices have continued to fall. Earnings growth for energy firms slowed by 75% in the fourth quarter. Excluding energy, earnings increased a tiny bit, 1.7%. Sales didn't fare much better. Sales at S&P 500 companies fell 2.5% on the year. Still, the low growth outside of energy reflects how much America's biggest companies, such...

S&P 500 companies are on track for their first year-over-year earnings decline since 2009, led by energy woes and a sluggish global economy, with weak revenue a continued concern. With 341 companies already reporting, the large-cap S&P 500's earnings are seen falling 1% as revenue declines 3.6%. Earnings haven't dropped since Q3 2009, but it would be the third straight decline for sales. Energy is a huge drag. Hurt by plunging oil prices and slowing demand in China, Brazil, Russia and other nations, the energy sector is expected to notch a 59.4% earnings dive, with revenue off by 35.7%. Chevron...

According to Bloomberg, the increasingly left-wing ESPN sports network has been forced to cut 350 jobs due directly to subscriber losses, which is also known as cord cutting. Early estimates were between 200 and 300 job cuts after parent company Disney ordered ESPN to cut $100 million from its 2016 budget. In just over a year, as customers cut their cable cords and move to streaming television services like Netflix, as of August, ESPN had lost a whopping 3.2 million subscribers.

How ironic: Twitter’s stock plunged 18% today because of a tweet. The company was supposed to announce earnings after the close of the market, but the website Selerity tweeted them beforehand, reports the Wall Street Journal. It was bad news: First-quarter revenue was $436 million, about $20 million below estimates, and shares tumbled instantly. Trading was even halted temporarily following the early release of results. Twitter also warned investors that second-quarter revenue will be lower than expected.

Apple reports earnings for the quarter that ended in March after the market closes on Monday, April 27. Get ready for another monster report. Analysts are expecting big iPhone sales and think Apple could provide a major update to its cash return program. According to data compiled by Bloomberg, analysts are looking for $56 billion in revenue, which would represent 23% growth. Apple's revenue growth is expected to be driven by strong iPhone sales. Analysts are anticipating that Apple sold 58.1 million units, which would be an impressive 33% increase. If Apple sells 58.1 million iPhones, it will be the...

Yesterday we commented on the outsized macro impact that one company already excerts on the world, when we reported that in the fourth quarter, a whopping 60% of retail sales growth was due to the launch of Apple's iPhone 6 in the fall of 2014, and the surge of Chinese tourists who tok advantage of Hong Kong's lower prices and earlier release. So how about the micro level? For the answer we present the chart below. Behold: the AAPL effect, which demonstrates that what until AAPL's release was shaping up to be a flat Q4 earnings season for the...

We saw a marked slowdown in September in client buying behavior, and our results also point to the unprecedented pace of change in our industry."CEO Ginni Rometty said this in IBM's Q3 earnings announcement, which revealed tumbling revenue and profits at the company.The statement is troubling because as a global provider of business software and services, IBM is a bellwether of business spending. And a boom in business spending is central to the bullish outlooks of many economists and market strategists.IBM reported declines in all markets: Americas revenue fell 2%, Europe/Middle East/Africa revenue fell 2%, and Asia-Pacific revenue dropped 9%....

Myles UdlandOctober 8, 2014 Stocks rallied in a big way after the Minutes from the latest Federal Reserve monetary policy meeting showed that the Fed remains particularly cautious about raising interest rates in the face of a strengthening US dollar and a slowing global economy. First, the scoreboard: •Dow: 16,989.69, +270.3, (+1.6%) •S&P 500: 1,968.86, +33.8, (+1.7%) •Nasdaq: 4,469.60, +84.3, (1.9%) And now, the top stories Wednesday: 1. The biggest story on Wednesday was the release of the Minutes from the Federal Reserve's September monetary policy meeting. The minutes were interpreted as "dovish," by the market, essentially meaning that the...

Remember the cold temperatures, the snow, the wind and the sleet just earlier this year? Now that summer has heated up, you’d think that the polar vortex would be a distant memory by now. Not so for investors. Well, the chill of winter is still affecting companies (and our investments) and will affect some through the end of the year. Take the summer fun stop, the iconic Six Flags theme parks, as an example. When I think of Six Flags, I picture hot, sunny weather with throngs of people waiting in lines for rides or milling around snacking on funnel...