Facebook Inc FB and Tesla TSLA Earnings Reports
Facebook Earnings Set To Arrive As Stock Hovers In Buy Zone
As Facebook (FB) stock hovers in a buy zone, the social media giant is set to report second-quarter results. The Facebook earnings report will arrive after the market close Wednesday.
Wall Street expects Facebook earnings, on an adjusted basis, to reach $1.87 per share, up 8% from the year-ago period. Analysts predict revenue of $16.5 billion, which is up 25% but marks the fifth-straight quarter of decelerating growth.
investors.com/facebook-earnings
Tesla’s Ability to Make Money Is Under Spotlight as Results Loom
Tesla Inc. sold a record number of cars during the second quarter. But did the company make enough money while doing so?
That is what investors and analysts will be most focused on when the electric vehicle maker reports results after the market close on Wednesday. Tesla delivered 95,200 cars to customers during the second quarter, beating most estimates, but analysts worried that the rapidly growing share of the lower-margin Model 3 sedan, along with heavy discounts, might weigh on profits.
bloomberg.com/tesla-tsla-earnings-report
Tech shares fall as U.S. finally admits it is investigating Big Tech for antitrust
Apple, Amazon, Facebook and Google stocks decline in after-hours trading following announcement from Justice Department.
After months of speculation and reports, the U.S. government openly announced Tuesday afternoon that it is investigating the largest U.S. tech companies for anticompetitive practices, an inquiry that could lead to antitrust charges.
The Wall Street Journal reported Tuesday afternoon that a larger investigation had begun in the Justice Department looking at all of Big Tech, and the department officially confirmed that inquiry just minutes later.