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House Passes AHCA, Live Streaming War Heats Up, Hot Q1 Earnings: AAPL, FB, TSLA

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  • (0:25) - House Passes AHCA
  • (3:30) - Apple Earnings
  • (7:05) - Facebook Earnings
  • (8:40) - Tesla Earnings
  • (12:25) - Twitter and Bloomberg: 24 Hour Live Streaming
  • (14:15) - Snapchat Live TV Deal
  • (18:35) - Hulu Launches Live Streaming Service in Beta
  • (21:40) - Episode Roundup:

The vote, 217-213, was a close one, with 20 Republicans voting against. Now, the bill, which seeks to repeal and replace major portions of former President Obama’s signature legislative achievement, the Affordable Care Act, goes on to the Senate. Its fate there is uncertain, to say the least.

The hosts then shifted into high earnings gear, starting with Apple (AAPL - Free Report) . The iPhone maker beat both earnings and revenue estimates, but total iPhone sales fell short of our consensus estimate. However, Apple’s Services segment, which includes everything from Apple TV to Apple Pay, saw a nice boost year-over-year.

Check out those results here: Apple Posts Q1 Earnings Beat, iPhone Sales Dip 1%

Next up, Maddy and Ryan discussed Facebook’s earnings. Like Apple, the social media giant reported earnings and revenues that beat expectations. Facebook’s DAUs and MAUs showed consistent double-digit growth from the prior-year, while mobile continues to be a major source of its advertising revenue.

Find out more here: Facebook Beats Q1 Earnings, Mobile Ad Revenues Up 82%

The hosts also covered Tesla’s (TSLA - Free Report) quarterly earnings, though this “tech company on wheels” reported mixed results. Tesla posted a major earnings miss, but revenues managed to beat our consensus estimate. Most importantly, at least to investors, the Model 3 is still on track to start production in July.

Read more: Tesla Misses Q1 Earnings Estimates, Model 3 Still on Track

Finally, Maddy and Ryan talked about the latest in live video streaming, discussing Twitter’s recent deal with Bloomberg to provide 24/7 live streaming video news content; Snap’s (SNAP - Free Report) , the parent of Snapchat, many deals with major media companies to deliver content for its new live TV concept; and Hulu’s brand new live TV streaming service, which it launched a beta test of this week.

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As always, thanks for listening to this special edition of the Zacks Friday Finish Line, and check back for even more news from the investment and financial world!

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