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Janus Henderson Sustainable & Impact Core Bond ETF (JACK) - $25 value - yours FREE >>
Tesla, Inc. (TSLA) - $25 value - yours FREE >>
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Tesla and Others Keep Q2 Earnings Popping: TSLA, SQ, JACK, FOXA
Q2 earnings season keeps the reports popping, mostly with favorable results from the bigger names this afternoon. Tesla Motors (TSLA - Free Report) missed analyst expectations, but Square (SQ - Free Report) and Jack in the Box (JACK - Free Report) put up big numbers and 21st Century Fox (FOXA - Free Report) reported a mixed fiscal Q2.
Tesla posted a bigger loss per share than expected on revenues of $1.56 billion over the past three months. Revenue growth is more than 25% year over year, although Tesla's bottom line is far below the year-ago levels. Tesla still says it is on pace to deliver 50K automobiles in the 2H 2016, which would meet the earlier guidance of 80K deliveries expected. Shares in late trading bid up 1.4%, but have since been on the wane.
Square Inc. impressed the Street with its Q2 report after the bell, with a loss per share of 8 cents (-$0.11 expected) and big revenue beat of $439 million besting the $407 million expected. The 21st century financial services firm posted hardware revenue growth of 209% in the quarter, and a backlog of merchants vying for Square's online payment services.
Jack in the Box also posted a big beat on both top and bottom lines. Earnings of $1.07 per share easily topped the 87 cents in the Zacks consensus, and revenue of $369 million was beyond the $366.7 million expected. Healthy margins helped by a favorable legal settlement in the quarter. Although the stock is now trading up 8% after hours, JACK did report lowered guidance for its fiscal Q4.
21st Century Fox had a mixed quarter, beating estimates on the bottom line while coming in slightly under on sales. However, the stock is trading up 2% in the after-market partly on a 6-cent increase in its dividend yield (to 36 cents for the full year), as well as a newly announced $3 billion share buyback strategy.