Bullish analyst note down 26 points on the dow. Cash flow marj j. Stock up as we said 10. 3 the session was 109 at about in terms of the deliveries, what 11 00 a. M. Are you looking out for on that joining us for the first hour of the show, steve weiss from short tascha well we already have the delivery numbers hills capitals partners. So we know that those came in slightly below estimates steve, earnings so far have been they were about 97 now compared good, bad, mediocre . To say 99. Is that the key with markets same as always. But i think overall, revenue we either worry about earnings we expected it to be a bit lower or have high expectations. We find that corporate because of the model 3 managements do a pretty good job and, again, the longterm managing expectations into the margins are what we care about quarter. Thats not to say there havent so we think that, you know, been surprises both to the tesla said they could achieve a upside and down side one of the biggest surprises of
Chicago. Phil. Melissa, the reason the stock is shooting higher is because the adjusted eps is 1. 86 profit for the third quarter. And that is far above what most people were expecting. The expect aches, the consensus out on the street was for a loss of 42 cents a share. Revenue came in a little under expectations at 6. 30 billion the expect aches for 6. 33 billion in revenue and looking at the gross margins, 18. 7 is what most of the analyst were zeroing in on in terms of what the expectation was for the third quarter. Remember, many people believed as they were increasing model 3 deliveries, especially at the higher price point, that we might see higher gross margin process. Well the gap auto gross margin coming in at 22. 3 a couple much production notes, first of all, trial production has begun at shanghai plant preponderate remember ramping up production and deliveries in china into the end of the year the model y according to tesla ahead of schedule in the production beginning in
The market chatter is building around economic releases that come later this year, adp tomorrow. Theres a key ecb meeting on thursday and the big nonfarm payroll report on friday. There is new data suggesting the individual investor may not be actively participating in the markets. Maybe theyre not making a lot. E trade is reporting that its customered averaged 14 fewer trades than in april. Pimcos total return fund suffered its 13th straight month of outflows. The Worlds Largest bond fund posted 4. 3 billion in net outflows in may. The fund was up by 1. 25 in may and that beat 79 of its peers. Andrew, ill send it over to you. Thank you, becky. Corporate news this morning, pill pillgrims pride. Last week tyson offered 50 a share for hillshire. Well see where that all ends up. Hillshire at 58, up a little over 8 in the premarket. Apple says it will allow Software Developers to include Virtual Currency transactions in their applications. The announcement may pave the way for new forms of