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Company News for June 6, 2022

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  • Shares of Tesla, Inc. (TSLA - Free Report) plummeted 9.2% after its CEO Elon Musk asked company executives to “pause all global hiring” and ordered a 10% cut in overall employee headcount.
  • RH’s (RH - Free Report) shares gained 0.9% after the company reported first-quarter fiscal 2022 earnings of $7.78 per share, beating the Zacks Consensus Estimate of $5.46 per share.
  • Shares of Okta, Inc. (OKTA - Free Report) jumped 5% after the company reported first-quarter fiscal 2022 loss of $0.27 per share, narrower than the Zacks Consensus Estimate of a loss of $0.34 per share.
  • The Cooper Companies, Inc.’s (COO - Free Report) shares declined 3% after the company reported second-quarter fiscal 2022 adjusted earnings of $3.24 per share, missing the Zacks Consensus Estimate of $3.41 per share.

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