Following the closing bell after another volatile day in the market indexes, big-name players like Tesla (TSLA - Free Report) , 21st Century Fox (FOXA - Free Report) , Yum! China (YUMC - Free Report) and Yelp (YELP - Free Report) reported quarterly earnings, with overall positive results. Here’s our hot take:
Rocket-laucher/lander Elon Musk has had a busy week, not only sending his personal car into outer space but also having his electric vehicle corporation, Tesla, report better-than-expected bottom-line results. A loss of $3.04 beat the -$3.19 per share analysts had expected. Revenues of $3.29 billion was a smidge below the $3.30 billion we were looking for.
Deliveries for key products — luxury Model S and crossover Model X — were up 27% year over year, with Model X deliveries ahead of schedule at 2500 per week going forward. Not bad for the guy who also reverse-landed two booster rockets just yesterday. For more on TSLA’s earnings, click here.
21st Century Fox, the segment of the Fox enterprise not including Fox News, beat on both earnings and sales for its most recently reported quarter, with 42 cents per share beating the expected 36 cents, and $8.04 billion topped the $7.97 billion in the Zacks consensus. The company reported a $1.34 per share gain from recent tax adjustments. For more on FOXA's earnings, click here.
Yum! China, a Zacks Rank #4 (Sell) stock ahead of this afternoon’s earnings report, with a 2-cent beat to 19 cents per share on $2.18 billion in revenues, up 9% year over year and ahead of the $2.16 billion expected. Same-store sales were up 7% year over year, led by KFC up 5% from a year ago. For more on YUMC’s earnings, click here.
Finally, Yelp put up a big bottom-line beat to 19 cents per share versus the 5 cents expected, whereas revenues of $218 million topped the $212 million expected, up 12% year over year. For more on Yelp’s earnings, click here.
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