Earnings live: Tesla results miss, Google boosts AI spending, Chipotle plunges

Yahoo

4 days ago

Second quarter earnings season is in full swing, and the results have been largely positive so far, with more positive surprises than negative ones.
Companies had a lower bar to clear coming into the quarter, as analysts tempered their expectations amid President Trump's tariffs, stocks' lofty valuations, and uncertainty about the health of the US economy.
This week, investors will get a glimpse of how corporate leaders are navigating these challenges, with 112 S&P 500 companies reporting results, including GM (GM), Coca-Cola (KO), Alphabet (GOOGL, GOOG), and Tesla (TSLA).
Data from FactSet published Friday showed that with 12% of the index having reported results, analysts now expect S&P 500 companies to report a 5.6% jump in earnings per share during the second quarter.
Heading into the quarter, analysts expected S&P 500 earnings to rise 5% in Q2, which would mark the slowest pace of earnings growth since the fourth quarter of 2023.
Here are the latest updates from corporate America.
Tesla misses on Q2 earnings, but says 'more affordable' model planned for 2025 production
Tesla (TSLA) stock initially spiked 1% after reporting second quarter results but fluctuated as investors digested the earnings miss.
Here's a look at the top takeaways investors were watching in Tesla's results:
The core auto business:
Tesla reported second quarter revenue of $22.50 billion vs. $22.64 billion (per Bloomberg consensus), a 9% drop compared with the $25.05 billion reported a year ago. Tesla posted adjusted earnings per share of $0.40 vs $0.42, with operating income coming in at $923 million vs. $1.23 billion expected.
The cheap EV:
Tesla said its "more affordable" model was still slated for 2025 production.
"We continue to expand our vehicle offering, including first builds of a more affordable model in June, with volume production planned for the second half of 2025," the company said in a statement.
A year ago, Tesla said in its Q2 earnings report that production remains on track for new vehicles, likely including a cheaper EV, in the first half of next year.
There has been no indication or even renderings of a new vehicle, let alone production of a vehicle priced around $30,000. Tesla's cheapest EV is the rear-wheel-drive Model 3 sedan, which starts at around $43,000 without incentives.
Robotaxi rollout
Tesla said its purpose-built robotaxi was still scheduled for volume release production starting in 2026.
Tesla has expanded its robotaxi testing in Austin, Texas, with a bigger operating area and likely more vehicles coming.
Read more here.
Google beats on Q2 earnings but increased capex spending sends stock lower
Google parent Alphabet (GOOG, GOOGL) reported a top- and bottom-line second quarter beat and said capital expenditures will climb to $85 billion, $10 billion more than Google previously projected.
Google stock initially moved lower following results but reversed higher as the earnings call kicked off.
Yahoo Finance's Dan Howley reports:
Read more here.
Chart: Chipotle foot traffic declines for second straight quarter
Chipotle (CMG) stock tanked 9% following second quarter results and as the earnings call began (listen to the live call here).
As the chart below shows, foot traffic fell more than expected, accelerating the slowdown in traffic that began in the first quarter. Yahoo Finance's Brooke DiPalma reports that overall foot traffic fell 4.9% against the 4.4% drop that had been forecast by the Street.
Chipotle cut its guidance and said it expects same-store sales to be flat for the full year. On the earnings call, CEO Scott Boatwright highlighted initiatives — in marketing, the value proposition, menu innovation, and a revamped rewards program — aimed at jump-starting sales. But Boatwright acknowledged that the fast-casual chain is facing a slowdown in trends and one of the most challenging consumer backdrops in years.
Southwest misses profit expectations as weak domestic demand erodes fares
Southwest Airlines (LUV) missed Wall Street estimates for second quarter profit on Wednesday as a sluggish start to the peak summer travel season has translated to weak domestic travel demand and softer fares.
Southwest reported operating revenue of $7.24 billion in the quarter through June, compared with $7.35 billion a year earlier. The budget carrier reported an adjusted profit per share of $0.43, compared with analysts' average expectations of $0.51, according to data compiled by LSEG.
While Delta Air Lines (DAL) and United Airlines (UAL) were buoyed by more affluent customers, low-cost carriers like Southwest have noted their price-sensitive customers are coming under pressure. Still, airline executives and analysts have signaled that travel demand has remained broadly steady.
Read more from Reuters.
Wall Street looks to Google's earnings call for details on higher-than-expected capex number
Alphabet (GOOG) earnings indicated solid growth across the business, but it was the capital expenditures number that was "a bit concerning," according to Roundhill Investments CEO Dave Mazza.
Google said capital expenditures will climb to $85 billion; it previously projected $75 billion. On the earnings call, investors will be looking for answers on where that spending is going.
Rohit Kulkarni, senior research analyst at ROTH MKM, also weighed in on the initial Street reaction to Google's earnings.
"Fundamentally, I think we're seeing acceleration in revenues in a very large company," Kulkarni said. "Google Search is accelerating. YouTube growth has accelerated. Google Cloud has accelerated, and even subscriptions have accelerated."
"Having said that," Kulkarni added, "I think the stock reaction here is a knee-jerk reaction about where are you going to spend those extra $10 billion and what is the ROI that you're seeing from the existing spend? That's a sentiment that probably drives a lot of other megacaps, in my opinion."
Google's earnings call is live now. You can listen in here.
Mattel stock falls after the toymaker posts steeper sales decline than expected
Mattel (MAT) posted a bigger-than-expected drop in second quarter revenue on Wednesday as cautious inventory planning by retailers amid global trade uncertainties weighed on demand, per Reuters.
Barbie sales in North America were weak during the quarter, with worldwide gross billings for dolls declining 19%. The infant, toddler, and preschool category, which includes Fisher-Price, Baby Gear, and Power Wheels brands logged a 25% drop.
The toymaker, which also sells popular brands such as Hot Wheels, Fisher-Price, and Uno, did reinstate its 2025 sales and profit forecast after pulling it last quarter in the midst of shifting tariff policies. The company now expects 2025 net sales to rise 1% to 3%, compared to its February target of a 2% to 3% increase. It forecast adjusted per-share profit between $1.54 and $1.66, below its prior estimate range of $1.66 to $1.72 apiece.
Earlier in the day, rival Hasbro (HAS) raised its annual revenue outlook, betting on the strength of its digital games and cost-cutting efforts to weather the impact of mounting economic and tariff uncertainty.
Shares of the company fell 4% in trading after the bell.
Chipotle plunges after company reports second-straight sales decline, cuts guidance
Chipotle (CMG) on Wednesday reported another quarter of negative sales growth as the company navigates an uncertain consumer environment and new leadership deals with the most challenging backdrop for the chain in years.
The company reported a same-store sales decline of 4% in the second quarter, more than the 2.9% decline Wall Street expected. Traffic fell more than expected, down 4.9%, compared to the 4.4% drop lower the Street predicted.
That's an acceleration from the 2.3% drop seen in the first quarter, which marked Chipotle's first quarterly foot traffic decline since 2022.
Chipotle also cut its guidance again, saying it now expects flat full year same-store sales growth, compared to an increase in the low-single-digit range. Ahead of Wednesday's report, analysts expected same-store sales to grow 0.8% for the fiscal year.
Read more here.
IBM results beat estimates on AI mainframe refresh, consulting revival
Reuters reports:
Read more here.
T-Mobile dials up a big earnings beat, stock jumps
T-Mobile (TMUS) dialed up a big second quarter against the backdrop of heightened competition for new customers with rivals Verizon (VZ) and AT&T (T).
The telecom giant easily beat analyst estimates on Wednesday after market close. It gained the most net new customers in the second quarter compared to its competitors. This comes as it leaned into its value messaging by releasing a five-year price lock on phone plans in April.
The company lifted its full-year adjusted operating profit guidance.
Read more here.
ServiceNow jumps after big earnings beat
ServiceNow (NOW) stock surged after its results beat expectations. Yahoo Finance's Brian Sozzi has the full report, including comments from its CEO:
Read more here.
Chipotle expected to report 2nd straight sales decline as stock lags in 2025
Yahoo Finance's Brooke DiPalma reports:
Read more here.
Freeport-McMoRan beats quarterly profit on higher copper and gold prices
Freeport-McMoRan (FCX) shares fell 1% at the open on Wednesday after second quarter copper production dropped about 7% from a year earlier.
But higher copper, gold, and silver prices helped offset lower production. Year to date, gold (GC=F) is up more than 30%, silver (SI=F) has risen 36%, and copper (HG=F) has climbed 44% amid tariffs and broad geopolitical uncertainty.
The company reported an adjusted profit of $0.54 per share in Q2, beating estimates of $0.45, according to S&P Global Market Intelligence.
Reuters reports:
Read more here.
GE Vernova raises annual forecasts after second quarter profit beat
GE Vernova (GEV) stock rose nearly 4% on Wednesday after delivering a revenue and profit beat. The power equipment maker, which spun off as part of a three-way split of General Electric last year, also raised its current-year free cash flow forecast by $1 billion to target between $3 billion and $3.5 billion.
The company did forecast a $300 million to $400 million hit from President Trump's tariffs and the resulting inflation.
Reuters reports:
Read more here.
AT&T delivers earnings, subscriber beat but the stock is sliding
AT&T (T) stock fell over 3% in premarket trading despite the telecom provider reporting a huge subscriber beat.
Reuters reports:
Read more here.
Hasbro lifts annual revenue forecast on strong demand for 'Magic: The Gathering' games
Toymaker Hasbro (HAS) stock rose 3% on Wednesday after it raised its annual revenue forecast due to strong demand for its game "Magic: The Gathering" as well as cost-cutting efforts to weather the impact from mounting economic and tariff uncertainty.
Reuters reports:
Read more here.
Hilton lifts 2025 profit forecast on US demand recovery
Hilton Worldwide (HLT) raised its profit forecast for 2025 after US travel demand bounced back from a slow March and April.
Shares in the hospitality group fell 2% before the bell on Wednesday.
Reuters reports:
Read more here.
Trump bill winner: AT&T
I would keep an eye on companies calling out the financial impact of the new Trump tax bill on their earnings releases.
AT&T (T) looks like it stands to cash in!
What they highlighted on their earnings release this morning:
Texas Instruments under a dark cloud
Given how hard the market has rallied, any company reporting guidance that is perceived as subpar will get punished.
Good example of that will play out with Texas Instruments (TXN) in today's session.
The stock is getting pounded in premarket by 12% on 3Q EPS guidance that was 14 cents below consensus on the low end. TXN blamed weak demand in the auto market (heard the same in GM's (GM) outlook on Tuesday).
Whatever the case, TXN's outlook is pressuring on similar names in the space in Microchip (MCHP), Analog Devices (ADI), NXP Semiconductors (NXPI) and On Semi (ON).
Google set to report Q2 earnings as Wall Street looks for AI revenue gains
Google parent Alphabet (GOOG, GOOGL) will report its second quarter earnings after the bell on Wednesday, providing a highly anticipated update on the wave of artificial intelligence spending, adoption, and monetization.
My colleague Daniel Howley previews what Wall Street is expecting from Alphabet's results:
Read more here.
Tesla Q2 earnings preview: 3 things to watch
Tesla (TSLA) is slated to report second quarter earnings on Wednesday against an uncertain backdrop for its core auto business and robotaxi rollout.
Tesla stock pared some of its losses earlier in the year, as tariffs and a volatile relationship between CEO Elon Musk and President Trump weighed on the company. But the stock is still down about 17% year to date.
Yahoo Finance's Pras Subramanian previews three key areas to watch when the EV maker reports:
Read more here.
Tesla (TSLA) stock initially spiked 1% after reporting second quarter results but fluctuated as investors digested the earnings miss.
Here's a look at the top takeaways investors were watching in Tesla's results:
The core auto business:
Tesla reported second quarter revenue of $22.50 billion vs. $22.64 billion (per Bloomberg consensus), a 9% drop compared with the $25.05 billion reported a year ago. Tesla posted adjusted earnings per share of $0.40 vs $0.42, with operating income coming in at $923 million vs. $1.23 billion expected.
The cheap EV:
Tesla said its "more affordable" model was still slated for 2025 production.
"We continue to expand our vehicle offering, including first builds of a more affordable model in June, with volume production planned for the second half of 2025," the company said in a statement.
A year ago, Tesla said in its Q2 earnings report that production remains on track for new vehicles, likely including a cheaper EV, in the first half of next year.
There has been no indication or even renderings of a new vehicle, let alone production of a vehicle priced around $30,000. Tesla's cheapest EV is the rear-wheel-drive Model 3 sedan, which starts at around $43,000 without incentives.
Robotaxi rollout
Tesla said its purpose-built robotaxi was still scheduled for volume release production starting in 2026.
Tesla has expanded its robotaxi testing in Austin, Texas, with a bigger operating area and likely more vehicles coming.
Read more here.
Google parent Alphabet (GOOG, GOOGL) reported a top- and bottom-line second quarter beat and said capital expenditures will climb to $85 billion, $10 billion more than Google previously projected.
Google stock initially moved lower following results but reversed higher as the earnings call kicked off.
Yahoo Finance's Dan Howley reports:
Read more here.
Chart: Chipotle foot traffic declines for second straight quarter
Chipotle (CMG) stock tanked 9% following second quarter results and as the earnings call began (listen to the live call here).
As the chart below shows, foot traffic fell more than expected, accelerating the slowdown in traffic that began in the first quarter. Yahoo Finance's Brooke DiPalma reports that overall foot traffic fell 4.9% against the 4.4% drop that had been forecast by the Street.
Chipotle cut its guidance and said it expects same-store sales to be flat for the full year. On the earnings call, CEO Scott Boatwright highlighted initiatives — in marketing, the value proposition, menu innovation, and a revamped rewards program — aimed at jump-starting sales. But Boatwright acknowledged that the fast-casual chain is facing a slowdown in trends and one of the most challenging consumer backdrops in years.
Chipotle (CMG) stock tanked 9% following second quarter results and as the earnings call began (listen to the live call here).
As the chart below shows, foot traffic fell more than expected, accelerating the slowdown in traffic that began in the first quarter. Yahoo Finance's Brooke DiPalma reports that overall foot traffic fell 4.9% against the 4.4% drop that had been forecast by the Street.
Chipotle cut its guidance and said it expects same-store sales to be flat for the full year. On the earnings call, CEO Scott Boatwright highlighted initiatives — in marketing, the value proposition, menu innovation, and a revamped rewards program — aimed at jump-starting sales. But Boatwright acknowledged that the fast-casual chain is facing a slowdown in trends and one of the most challenging consumer backdrops in years.
Southwest misses profit expectations as weak domestic demand erodes fares
Southwest Airlines (LUV) missed Wall Street estimates for second quarter profit on Wednesday as a sluggish start to the peak summer travel season has translated to weak domestic travel demand and softer fares.
Southwest reported operating revenue of $7.24 billion in the quarter through June, compared with $7.35 billion a year earlier. The budget carrier reported an adjusted profit per share of $0.43, compared with analysts' average expectations of $0.51, according to data compiled by LSEG.
While Delta Air Lines (DAL) and United Airlines (UAL) were buoyed by more affluent customers, low-cost carriers like Southwest have noted their price-sensitive customers are coming under pressure. Still, airline executives and analysts have signaled that travel demand has remained broadly steady.
Read more from Reuters.
Southwest Airlines (LUV) missed Wall Street estimates for second quarter profit on Wednesday as a sluggish start to the peak summer travel season has translated to weak domestic travel demand and softer fares.
Southwest reported operating revenue of $7.24 billion in the quarter through June, compared with $7.35 billion a year earlier. The budget carrier reported an adjusted profit per share of $0.43, compared with analysts' average expectations of $0.51, according to data compiled by LSEG.
While Delta Air Lines (DAL) and United Airlines (UAL) were buoyed by more affluent customers, low-cost carriers like Southwest have noted their price-sensitive customers are coming under pressure. Still, airline executives and analysts have signaled that travel demand has remained broadly steady.
Read more from Reuters.
Wall Street looks to Google's earnings call for details on higher-than-expected capex number
Alphabet (GOOG) earnings indicated solid growth across the business, but it was the capital expenditures number that was "a bit concerning," according to Roundhill Investments CEO Dave Mazza.
Google said capital expenditures will climb to $85 billion; it previously projected $75 billion. On the earnings call, investors will be looking for answers on where that spending is going.
Rohit Kulkarni, senior research analyst at ROTH MKM, also weighed in on the initial Street reaction to Google's earnings.
"Fundamentally, I think we're seeing acceleration in revenues in a very large company," Kulkarni said. "Google Search is accelerating. YouTube growth has accelerated. Google Cloud has accelerated, and even subscriptions have accelerated."
"Having said that," Kulkarni added, "I think the stock reaction here is a knee-jerk reaction about where are you going to spend those extra $10 billion and what is the ROI that you're seeing from the existing spend? That's a sentiment that probably drives a lot of other megacaps, in my opinion."
Google's earnings call is live now. You can listen in here.
Alphabet (GOOG) earnings indicated solid growth across the business, but it was the capital expenditures number that was "a bit concerning," according to Roundhill Investments CEO Dave Mazza.
Google said capital expenditures will climb to $85 billion; it previously projected $75 billion. On the earnings call, investors will be looking for answers on where that spending is going.
Rohit Kulkarni, senior research analyst at ROTH MKM, also weighed in on the initial Street reaction to Google's earnings.
"Fundamentally, I think we're seeing acceleration in revenues in a very large company," Kulkarni said. "Google Search is accelerating. YouTube growth has accelerated. Google Cloud has accelerated, and even subscriptions have accelerated."
"Having said that," Kulkarni added, "I think the stock reaction here is a knee-jerk reaction about where are you going to spend those extra $10 billion and what is the ROI that you're seeing from the existing spend? That's a sentiment that probably drives a lot of other megacaps, in my opinion."
Google's earnings call is live now. You can listen in here.
Mattel stock falls after the toymaker posts steeper sales decline than expected
Mattel (MAT) posted a bigger-than-expected drop in second quarter revenue on Wednesday as cautious inventory planning by retailers amid global trade uncertainties weighed on demand, per Reuters.
Barbie sales in North America were weak during the quarter, with worldwide gross billings for dolls declining 19%. The infant, toddler, and preschool category, which includes Fisher-Price, Baby Gear, and Power Wheels brands logged a 25% drop.
The toymaker, which also sells popular brands such as Hot Wheels, Fisher-Price, and Uno, did reinstate its 2025 sales and profit forecast after pulling it last quarter in the midst of shifting tariff policies. The company now expects 2025 net sales to rise 1% to 3%, compared to its February target of a 2% to 3% increase. It forecast adjusted per-share profit between $1.54 and $1.66, below its prior estimate range of $1.66 to $1.72 apiece.
Earlier in the day, rival Hasbro (HAS) raised its annual revenue outlook, betting on the strength of its digital games and cost-cutting efforts to weather the impact of mounting economic and tariff uncertainty.
Shares of the company fell 4% in trading after the bell.
Mattel (MAT) posted a bigger-than-expected drop in second quarter revenue on Wednesday as cautious inventory planning by retailers amid global trade uncertainties weighed on demand, per Reuters.
Barbie sales in North America were weak during the quarter, with worldwide gross billings for dolls declining 19%. The infant, toddler, and preschool category, which includes Fisher-Price, Baby Gear, and Power Wheels brands logged a 25% drop.
The toymaker, which also sells popular brands such as Hot Wheels, Fisher-Price, and Uno, did reinstate its 2025 sales and profit forecast after pulling it last quarter in the midst of shifting tariff policies. The company now expects 2025 net sales to rise 1% to 3%, compared to its February target of a 2% to 3% increase. It forecast adjusted per-share profit between $1.54 and $1.66, below its prior estimate range of $1.66 to $1.72 apiece.
Earlier in the day, rival Hasbro (HAS) raised its annual revenue outlook, betting on the strength of its digital games and cost-cutting efforts to weather the impact of mounting economic and tariff uncertainty.
Shares of the company fell 4% in trading after the bell.
Chipotle plunges after company reports second-straight sales decline, cuts guidance
Chipotle (CMG) on Wednesday reported another quarter of negative sales growth as the company navigates an uncertain consumer environment and new leadership deals with the most challenging backdrop for the chain in years.
The company reported a same-store sales decline of 4% in the second quarter, more than the 2.9% decline Wall Street expected. Traffic fell more than expected, down 4.9%, compared to the 4.4% drop lower the Street predicted.
That's an acceleration from the 2.3% drop seen in the first quarter, which marked Chipotle's first quarterly foot traffic decline since 2022.
Chipotle also cut its guidance again, saying it now expects flat full year same-store sales growth, compared to an increase in the low-single-digit range. Ahead of Wednesday's report, analysts expected same-store sales to grow 0.8% for the fiscal year.
Read more here.
Chipotle (CMG) on Wednesday reported another quarter of negative sales growth as the company navigates an uncertain consumer environment and new leadership deals with the most challenging backdrop for the chain in years.
The company reported a same-store sales decline of 4% in the second quarter, more than the 2.9% decline Wall Street expected. Traffic fell more than expected, down 4.9%, compared to the 4.4% drop lower the Street predicted.
That's an acceleration from the 2.3% drop seen in the first quarter, which marked Chipotle's first quarterly foot traffic decline since 2022.
Chipotle also cut its guidance again, saying it now expects flat full year same-store sales growth, compared to an increase in the low-single-digit range. Ahead of Wednesday's report, analysts expected same-store sales to grow 0.8% for the fiscal year.
Read more here.
IBM results beat estimates on AI mainframe refresh, consulting revival
Reuters reports:
Read more here.
Reuters reports:
Read more here.
T-Mobile dials up a big earnings beat, stock jumps
T-Mobile (TMUS) dialed up a big second quarter against the backdrop of heightened competition for new customers with rivals Verizon (VZ) and AT&T (T).
The telecom giant easily beat analyst estimates on Wednesday after market close. It gained the most net new customers in the second quarter compared to its competitors. This comes as it leaned into its value messaging by releasing a five-year price lock on phone plans in April.
The company lifted its full-year adjusted operating profit guidance.
Read more here.
T-Mobile (TMUS) dialed up a big second quarter against the backdrop of heightened competition for new customers with rivals Verizon (VZ) and AT&T (T).
The telecom giant easily beat analyst estimates on Wednesday after market close. It gained the most net new customers in the second quarter compared to its competitors. This comes as it leaned into its value messaging by releasing a five-year price lock on phone plans in April.
The company lifted its full-year adjusted operating profit guidance.
Read more here.
ServiceNow jumps after big earnings beat
ServiceNow (NOW) stock surged after its results beat expectations. Yahoo Finance's Brian Sozzi has the full report, including comments from its CEO:
Read more here.
ServiceNow (NOW) stock surged after its results beat expectations. Yahoo Finance's Brian Sozzi has the full report, including comments from its CEO:
Read more here.
Chipotle expected to report 2nd straight sales decline as stock lags in 2025
Yahoo Finance's Brooke DiPalma reports:
Read more here.
Yahoo Finance's Brooke DiPalma reports:
Read more here.
Freeport-McMoRan beats quarterly profit on higher copper and gold prices
Freeport-McMoRan (FCX) shares fell 1% at the open on Wednesday after second quarter copper production dropped about 7% from a year earlier.
But higher copper, gold, and silver prices helped offset lower production. Year to date, gold (GC=F) is up more than 30%, silver (SI=F) has risen 36%, and copper (HG=F) has climbed 44% amid tariffs and broad geopolitical uncertainty.
The company reported an adjusted profit of $0.54 per share in Q2, beating estimates of $0.45, according to S&P Global Market Intelligence.
Reuters reports:
Read more here.
Freeport-McMoRan (FCX) shares fell 1% at the open on Wednesday after second quarter copper production dropped about 7% from a year earlier.
But higher copper, gold, and silver prices helped offset lower production. Year to date, gold (GC=F) is up more than 30%, silver (SI=F) has risen 36%, and copper (HG=F) has climbed 44% amid tariffs and broad geopolitical uncertainty.
The company reported an adjusted profit of $0.54 per share in Q2, beating estimates of $0.45, according to S&P Global Market Intelligence.
Reuters reports:
Read more here.
GE Vernova raises annual forecasts after second quarter profit beat
GE Vernova (GEV) stock rose nearly 4% on Wednesday after delivering a revenue and profit beat. The power equipment maker, which spun off as part of a three-way split of General Electric last year, also raised its current-year free cash flow forecast by $1 billion to target between $3 billion and $3.5 billion.
The company did forecast a $300 million to $400 million hit from President Trump's tariffs and the resulting inflation.
Reuters reports:
Read more here.
GE Vernova (GEV) stock rose nearly 4% on Wednesday after delivering a revenue and profit beat. The power equipment maker, which spun off as part of a three-way split of General Electric last year, also raised its current-year free cash flow forecast by $1 billion to target between $3 billion and $3.5 billion.
The company did forecast a $300 million to $400 million hit from President Trump's tariffs and the resulting inflation.
Reuters reports:
Read more here.
AT&T delivers earnings, subscriber beat but the stock is sliding
AT&T (T) stock fell over 3% in premarket trading despite the telecom provider reporting a huge subscriber beat.
Reuters reports:
Read more here.
AT&T (T) stock fell over 3% in premarket trading despite the telecom provider reporting a huge subscriber beat.
Reuters reports:
Read more here.
Hasbro lifts annual revenue forecast on strong demand for 'Magic: The Gathering' games
Toymaker Hasbro (HAS) stock rose 3% on Wednesday after it raised its annual revenue forecast due to strong demand for its game "Magic: The Gathering" as well as cost-cutting efforts to weather the impact from mounting economic and tariff uncertainty.
Reuters reports:
Read more here.
Toymaker Hasbro (HAS) stock rose 3% on Wednesday after it raised its annual revenue forecast due to strong demand for its game "Magic: The Gathering" as well as cost-cutting efforts to weather the impact from mounting economic and tariff uncertainty.
Reuters reports:
Read more here.
Hilton lifts 2025 profit forecast on US demand recovery
Hilton Worldwide (HLT) raised its profit forecast for 2025 after US travel demand bounced back from a slow March and April.
Shares in the hospitality group fell 2% before the bell on Wednesday.
Reuters reports:
Read more here.
Hilton Worldwide (HLT) raised its profit forecast for 2025 after US travel demand bounced back from a slow March and April.
Shares in the hospitality group fell 2% before the bell on Wednesday.
Reuters reports:
Read more here.
Trump bill winner: AT&T
I would keep an eye on companies calling out the financial impact of the new Trump tax bill on their earnings releases.
AT&T (T) looks like it stands to cash in!
What they highlighted on their earnings release this morning:
I would keep an eye on companies calling out the financial impact of the new Trump tax bill on their earnings releases.
AT&T (T) looks like it stands to cash in!
What they highlighted on their earnings release this morning:
Texas Instruments under a dark cloud
Given how hard the market has rallied, any company reporting guidance that is perceived as subpar will get punished.
Good example of that will play out with Texas Instruments (TXN) in today's session.
The stock is getting pounded in premarket by 12% on 3Q EPS guidance that was 14 cents below consensus on the low end. TXN blamed weak demand in the auto market (heard the same in GM's (GM) outlook on Tuesday).
Whatever the case, TXN's outlook is pressuring on similar names in the space in Microchip (MCHP), Analog Devices (ADI), NXP Semiconductors (NXPI) and On Semi (ON).
Given how hard the market has rallied, any company reporting guidance that is perceived as subpar will get punished.
Good example of that will play out with Texas Instruments (TXN) in today's session.
The stock is getting pounded in premarket by 12% on 3Q EPS guidance that was 14 cents below consensus on the low end. TXN blamed weak demand in the auto market (heard the same in GM's (GM) outlook on Tuesday).
Whatever the case, TXN's outlook is pressuring on similar names in the space in Microchip (MCHP), Analog Devices (ADI), NXP Semiconductors (NXPI) and On Semi (ON).
Google set to report Q2 earnings as Wall Street looks for AI revenue gains
Google parent Alphabet (GOOG, GOOGL) will report its second quarter earnings after the bell on Wednesday, providing a highly anticipated update on the wave of artificial intelligence spending, adoption, and monetization.
My colleague Daniel Howley previews what Wall Street is expecting from Alphabet's results:
Read more here.
Google parent Alphabet (GOOG, GOOGL) will report its second quarter earnings after the bell on Wednesday, providing a highly anticipated update on the wave of artificial intelligence spending, adoption, and monetization.
My colleague Daniel Howley previews what Wall Street is expecting from Alphabet's results:
Read more here.
Tesla Q2 earnings preview: 3 things to watch
Tesla (TSLA) is slated to report second quarter earnings on Wednesday against an uncertain backdrop for its core auto business and robotaxi rollout.
Tesla stock pared some of its losses earlier in the year, as tariffs and a volatile relationship between CEO Elon Musk and President Trump weighed on the company. But the stock is still down about 17% year to date.
Yahoo Finance's Pras Subramanian previews three key areas to watch when the EV maker reports:
Read more here.
Tesla (TSLA) is slated to report second quarter earnings on Wednesday against an uncertain backdrop for its core auto business and robotaxi rollout.
Tesla stock pared some of its losses earlier in the year, as tariffs and a volatile relationship between CEO Elon Musk and President Trump weighed on the company. But the stock is still down about 17% year to date.
Yahoo Finance's Pras Subramanian previews three key areas to watch when the EV maker reports:
Read more here.