Shares rose 0.4% in volatile trading after the electric car maker reported fourth-quarter earnings and sales that beat analysts’ expectations. But Tesla’s gross profit margin was at its lowest in five quarters.
His stock has risen 2.7 times as the oil company announced his $75 billion share buyback program.
Software stocks plummet No. 4 ServiceNow released its latest quarterly results. ServiceNow’s earnings per share were $2.28, beating Refinitiv’s guidance of $2.02 per share. Earnings, meanwhile, matched consensus expectations of $1.94 billion.
Tesla, Chevron, ServiceNow, Levi Strauss, IBM and more pic.twitter.com/D5EkOMn6fc— Stocks Daily News (@stocksdailynews) January 25, 2023
Denim companies surged for the first time in seven years with better-than-expected fourth-quarter earnings and sales. The company also shared full-year guidance for earnings per share of between $1.30 and $1.40, compared with StreetAccount’s estimate of $1.35.
Las Vegas sand
The stock of the casino operator rose more than four. Las Vegas Sands has announced its latest quarterly results. The company lost his 19 cents per share on his $1.12 billion earnings. Analysts had expected a loss of 9 cents per share on sales of $1.18 billion. However, the company’s adjusted real estate EBITDA of $329 million beat StreetAccount’s estimate of $319 million.
International Business Machines
IBM beat its quarterly earnings and earnings guidance, but its stock fell more than 2% from his. Management said it expects 2023 currency-neutral sales to be in the mid-single digits, in line with the model. IBM also said it would cut about 1.5% of its workforce, or about 4,000 jobs.
CSX reported earnings and earnings numbers slightly above analyst expectations, but the stock fell 0.2%. The rail freight company earned him 49 cents a share on $3.73 billion in revenue. Analysts surveyed by Refinitiv had expected earnings of 46 cents per share on sales of $3.72 billion.