GOOGL, TSLA, V, etc.
A dog looks out the window of a Tesla electric vehicle charging at a Tesla Supercharger in Santa Monica, California, on May 15, 2024.
Patrick T. Fallon | AFP | Getty Images
Check out the companies that made headlines in long-term trading.
alphabet — The tech giant fell 1% despite a rise in both revenue and earnings in the second quarter. Alphabet earned $1.89 per share on $84.74 billion in revenue. Consensus estimates had called for earnings of $1.84 per share on $84.19 billion in revenue. However, revenue from its YouTube advertising unit fell short of expectations.
Tesla — Shares of the electric car maker fell 4.7% after its second-quarter earnings missed consensus estimates. Tesla reported adjusted earnings of 52 cents per share, while analysts surveyed by LSEG expected 62 cents per share. The company reported quarterly revenue of $25.5 billion, slightly above Wall Street’s estimate of $24.77 billion.
Visa — Shares fell more than 2% after the company reported a revenue miss for its fiscal third quarter. Visa reported revenue of $8.9 billion, slightly below the $8.92 billion analysts polled by LSEG had expected. Meanwhile, payment volume rose 7% for the quarter.
Seagate — Seagate shares rose more than 6% after the company reported better-than-expected fourth-quarter earnings and revenue. Seagate earned $1.05 a share, excluding items, on revenue of $1.89 billion. Analysts surveyed by LSEG had expected earnings of 75 cents a share on revenue of $1.87 billion. The company cited improvements to its cloud environment as the reason for the stronger performance.
Capital One Financial — Shares in the credit card issuer fell about 1% after second-quarter profit fell from a year earlier as the bank set aside more money to offset potential credit losses. Revenue rose 5% from a year earlier to $9.51 billion, but was lower than analysts polled by LSEG had expected.
Texas Instruments — Chipmakers rose 5% after reporting better-than-expected earnings. Texas Instruments reported earnings of $1.22 per share, compared with consensus estimates of $1.17 per share, according to LSEG. The company’s revenue of $3.82 billion was in line with expectations.
Mattel — The toy maker rose more than 1% after reporting second-quarter earnings. Adjusted earnings per share were 19 cents, beating analysts’ estimates of 17 cents, according to LSEG data. Sales were $1.08 billion, slightly below estimates of $1.1 billion. Mattel reiterated its full-year guidance and emphasized gross margin expansion.
Calmain Food — Shares of the nation’s largest egg producer fell 1% as the bird flu outbreak continued to weigh on earnings. Earnings were $2.32 a share for the fiscal fourth quarter, up from a year earlier but below analysts’ expectations of $2.41 a share, according to FactSet. Revenue of $640.8 million also missed estimates of $652.3 million.
Enphaz Energy — Despite weaker-than-expected second-quarter results, solar energy stocks rose 5%. Enphase reported adjusted earnings of 43 cents per share, 5 cents below consensus estimates, according to LSEG. Revenue of $304 million also missed analysts’ expectations of $310 million. However, shares rose on better-than-expected margins and third-quarter revenue estimates of $370 million to $410 million, which beat analysts’ estimates of $404 million.
Tsunbu — The insurance company rose about 1%. Adjusted second-quarter earnings per share came to $5.38, beating the consensus estimate of $5.14 per share, according to FactSet.
— CNBC’s Christina Cheddar Burke contributed reporting.