Unfortunately the estimate was for a loss of $0.52... Tesla reported a loss of $1.12 per share on revenue of $6.3 billion(also missed revenue estimate of $6.4 billion). Revenue did grow by almost 60%. The totally believable shareholder letter said the company expects positive GAAP earnings in the 3rd quarter, consensus estimates are for $0.27 … Continue reading Tesla Doubles Estimate!
Abiomed reported before the bell and investors aren't happy. Although they matched $1.07 per share, revenue fell short $207.1 M vs $216.4 M. The whisper number was $1.10. They also put out lower expectations than consensus, $900-945 M vs $981.6 M estimate. The other big loser today is Fluor . They reported a loss of … Continue reading Earnings Update & Tesla