Pops
Ben Kallo, analyst at Baird, commented on Tesla on CNBC's Fast Money after Tesla's earnings and noted that there was some accounting around the new leasing programs which made the initial headline adjusted EPS of $0.20 come down to a profit of $0.05 per share. Analysts were looking for a loss of $0.17 per share. Shares gained 13.24% to $152.00 per share.
Groupon also rallied after reporting a Q2 loss of $0.02 per share compared to an expected profit of $0.02 per share. Also, the company announced guidance for the third quarter that was below Wall St. estimates but shares rallied as the company announced a new CEO in Erik Lefkosky and a $300 million share buyback. Shares rose 20.07% after hours to $10.47 per share.
Drops
Meanwhile, not every stock rose after hours. Green Mountain Coffee Roasters GMCR shares slid after-hours as the company reported Q3 EPS of $0.82 vs. $0.77 expected on revenue of $967.1 million vs. $981.9 million. The company also issued Q4 EPS guidance that was roughly in line with the street but shares fell 5.68% after-hours.
Elon Musk's other company, SolarCity SCTY shares fell 10.24% after hours as the company reported weak Q2 EPS and issued a horrible Q3 EPS forecast. The company sees Q3 loss per share of $0.50-0.60 vs. an expected loss per share of $0.38.
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