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Ford Motors (F) Q2 Sales Number Might Reflect Weaker Earnings and Revenue
2.Here are the stocks mentioned by the above Tigers: $Tesla Motors(TSLA)$ $Ford(F)$ $Palantir Technologies Inc.(PLTR)$ (Not investment advice)
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Below are Today's Key Takeaways.
Top News Move the Market
The S&P 500 and Nasdaq ended at multi-week lows on Wednesday, with the S&P snapping one of its longest streaks without a daily decline of more than 2%, as lackluster Alphabet and Tesla earnings undermined investor confidence in megacap names.
Tesla Motors declined 12% after the electric-vehicle maker reported second-quarter profit that missed analystsโ expectations but better-than-anticipated revenue. Adjusted earnings of 52 cents a share came up short of expectations of 61 cents and were down from 91 cents a share a year earlier. Teslaโs profit dropped for a second-straight quarter. The companyโs operating profit margin in the period was 6.3%, below estimates of 8%.
AMC Entertainment declined 7.7% after the movie-theater chain issued second-quarter guidance that called for a loss of 10 cents a share, a swing from year-earlier earnings of 6 cents. AMC forecast that revenue would decline to about $1.03 billion from $1.35 billion. In a statement, CEO Adam Aron said the โprolonged actors and writers strikes of 2023 severely reduced the number of movies being released theatrically in the early months of 2024.โ
IBM Reports Boost in AI Bookings, Better-Than-Expected Revenue
Ford Profit Disappoints, Stock Falls 12% as Quality Issues Dog Automaker
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