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Tesla (TSLA) Cruises to Positive Q3 Earnings, Plus GRPN, BWLD
Tesla Motors (TSLA - Free Report) has finally outperformed quarterly estimates for the first time in the past five quarters. Swinging to a 14 cent profit in the quarter (accounting for stock-based compensation and other BNRI, although the company has announced it will report GAAP earnings going forward) from the -64 cents per share we had expected has motivated late-trading for Tesla stock up nearly 6% on the news. Revenues of $2.3 billion in the quarter sped past the $2.13 billion in the Zacks consensus. This marks a roughly 75% upturn in sales for the premier electric car maker year over year.
Daily deals company Groupon (GRPN - Free Report) posted better-than-expected results on both top and bottom lines after the bell today. The company's -$0.06 per share (accounting for stock-based compensation and other BNRI) bettered the -8 cents expected, on revenues of $720.5 million, easily outpacing the $707.8 million in the Zacks consensus estimate. This is at least the fifth consecutive quarter in which Groupon has topped estimates, and the company offered in-line guidance for fiscal 2016. Shares of GRPN are down 8% in late-trading on the news. For more on Groupon's earnings, click here.
Buffalo Wild Wings , however, fell short of sales estimates while meeting the $1.23 per share in the Zacks consensus. Revenues of $494 million was below the $504 million we had been looking for, though are still up 8.5% yerar over year. Company-owned same-store sales were down 1.8% and franchises -1.6%.