Tesla delivered a strong third-quarter earnings report after the bell on Wednesday, posting a surprise profit and telling shareholders it is ahead of schedule with a new factory in Shanghai. Shares spiked more than 20% after hours, putting them at their highest price since February. Here’s what the results were versus analysts’ expectations: Adjusted earnings
Earnings
Stephen Schwarzman, billionaire and co-founder of Blackstone Group LP, does not believe a meeting between U.S. President Donald Trump and Chinese President Xi Jinping in Osaka, Japan at the end of June is likely to result in a major trade deal. Patrick T. Fallon | Bloomberg | Getty Images Blackstone, the world’s largest manager of
Tesla is expected to report third-quarter earnings after the bell on Wednesday. The day before the call, analysts were expecting losses of 46 centers per share, with revenue of $6.42 billion for Elon Musk’s electric car and renewable energy company, according to data compiled by FactSet. The call will mark the first financial report from
Customers view Harley-Davidson Inc. motorcycles at the company’s dealership in South San Francisco, California, U.S., on Tuesday, June 26, 2018. Bloomberg | Bloomberg | Getty Images Harley-Davidson beat expectations for profit on Tuesday and stuck to its full-year shipment forecast, allaying fears of another major hit from European import tariffs and a further slump in
A F-35 fighter jet is seen as Turkey takes delivery of its first F-35 fighter jet with a ceremony at the Lockheed Martin in Forth Worth, Texas, United States on June 21, 2018. Atilgan Ozdil | Anadolu Agency | Getty Images Lockheed Martin raised its forecast for 2019 earnings as it reported a 9.2% rise