Tesla Motors, Inc. (TSLA) shares are up $14.29, or 7.4%, to $222.64 in after-hours trading Tuesday after the company reported its third-quarter earnings results.
The electric car maker posted earnings of ($0.58) per share on revenues of $1.24 billion, up 33.4% from a year ago. Analysts were expecting EPS of ($0.60) on revenues of $1.25 billion. Tesla said it expects to build between 15,000 and 17,000 vehicles in Q4, bringing the total for FY15 between 50,000 to 52,000 vehicles.That compares to a previous company forecast of 50,000 to 55,000 vehicles for the year.
Herbalife Ltd. (HLF) reported third-quarter non-GAAP EPS of $1.28 after the closing bell Tuesday, compared to the consensus estimate of $1.05. Revenues decreased 12.2% from last year to $1.10 billion. Analysts expected revenues of $1.14 billion.
For the current quarter ending in December, Herbalife expects its EPS to range from $0.85 – $0.95 versus consensus of $1.07 per share. The company also issued revenue projection of $1.04 – $1.07 billion, compared to the consensus revenue estimate of $1.11 billion.
The seller of supplements and weight-loss products expects full-year earnings in the range of $4.65 to $4.75 per share.
HLF is currently down $1.36 to $56.49 on 2.05 million shares.
Cerner Corporation (CERN) dropped $6.28 to $59.81 in after-hours trading after it reported fiscal-third quarter earnings.
The health care IT company handed in earnings of $0.54 per share on revenue of $1.13 billion, in-line with Wall Street estimates of $0.54 per share on revenue of $1.17 billion.
The company guided Q4 revenues of $1.15 – $1.2 billion, as compared to analysts’ expectations of $1.24 billion. The management also gave its bottom line range of $0.56 – $0.58 per share, against projections of $0.61 per share.
Cerner shares have risen 2% year-to-date, while the S&P has risen 2.5%. In the final minutes of Nas trading on Tuesday, shares hit a one year return of about 4.50%.
Leave a Reply