Check out the companies making headlines in after-hours trading: Tesla — The electric vehicle maker climbed 6.9% despite earnings coming in weaker than analysts forecast for the first quarter. Tesla posted 45 cents in adjusted earnings per share on $21.3 billion in revenue, while analysts surveyed by LSEG anticipated 51 cents in earnings per share and $22.15 billion in revenue. The report comes as Tesla grapples with the effects of ongoing price cuts on its finances. Tesla also announced its new initiative around an affordable model. Mattel — Shares popped 2.4% after the toymaker said losses per share were narrower than expected. Mattel said it gave up 5 cents per share in the first quarter, less than the 12 cents anticipated by analysts polled by LSEG. Mattel saw $810 million in revenue for the three-month period, under Wall Street’s consensus estimate of $832 million. Texas Instruments — The technology stock jumped 5.5% on the back of strong first-quarter earnings. Texas Instruments posted $1.20 per share on $3.66 billion in revenue, beating analysts’ expectations of $1.07 and $3.61 billion, respectively, per LSEG. The company also offered ranges for current-quarter performance that included consensus forecasts from analysts. Visa — The financial services stock advanced 3.2% on the heels of better-than-expected earnings. Visa saw $2.51 per share, excluding items, on $8.7 …
Article Attribution | Read More at Article Source
[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in after-hours trading: Tesla — The electric vehicle maker climbed 6.9% despite earnings coming in weaker than analysts forecast for the first quarter. Tesla posted 45 cents in adjusted earnings per share on $21.3 billion in revenue, while analysts surveyed by LSEG anticipated 51 cents in earnings per share and $22.15 billion in revenue. The report comes as Tesla grapples with the effects of ongoing price cuts on its finances. Tesla also announced its new initiative around an affordable model. Mattel — Shares popped 2.4% after the toymaker said losses per share were narrower than expected. Mattel said it gave up 5 cents per share in the first quarter, less than the 12 cents anticipated by analysts polled by LSEG. Mattel saw $810 million in revenue for the three-month period, under Wall Street’s consensus estimate of $832 million. Texas Instruments — The technology stock jumped 5.5% on the back of strong first-quarter earnings. Texas Instruments posted $1.20 per share on $3.66 billion in revenue, beating analysts’ expectations of $1.07 and $3.61 billion, respectively, per LSEG. The company also offered ranges for current-quarter performance that included consensus forecasts from analysts. Visa — The financial services stock advanced 3.2% on the heels of better-than-expected earnings. Visa saw $2.51 per share, excluding items, on $8.7 …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
