Shares of Tesla Motors Inc 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. 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 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 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 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.
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