What they have to say about what elon musk is doing right and wrong. Facebook and apple are poised to post earnings wednesday. More on what wall street wants to hear. First to our top stories. Shares of amd fluctuating in afterhours trading. Earnings met analyst expectations for both the top and bottom line. That includes thousand in mind revenue forecast. Suggesting the number two maker of computer processors is getting on intel. Gaining on intel. Lets talk a little bit about the share price reaction following afterhours trading. A little light. 50 million. The stock was down than up and down. Down then up then down. Gross talking about 50 growth from a year ago. That is not bad. I hope that people hope for more when they put so much to work in the stock. They have put a lot of money to work. I am coming into a chart that shows the stock is already up about 14 yeartodate. How much of this was expectations early and high . How much was good news from the company we got today . It is th
They have to say about what elon musk is doing right and wrong. And facebook and Apple Employee post facebook and apple earnings. More on what wall street wants to hear. And a chipmaker reported thirdquarter earnings that met top and bottom my expectations, including inline fourthquarter revenue forecasts, suggesting the number two maker of computer processors is gaining on rival intel. Covers this for us. Falling in after hours trading. With the former guidance a little bit light . Ian about 50 million, but nothing to panic about. The stock was up. Also, with the forecast, there or thereabouts, we are talking about growth from one year ago, so that is obviously not bad. To workut so much money in the stock, and they did not get any upside. Taylor well, and they have put a lot of money to work. My bloomberg terminal showing it is up about 14 yeartodate. How much of this was expectations really high, and how much was good news from the company we got today . Perfect mixture of people ge
The second quarter. It is teaming up with panasonic to build a socalled gigafactory. The plant will produce lithium iron batteries, which has been a challenge for tesla. Cory, what is your take on the numbers . Are they good, not so good . Yes. There were some numbers that were good and some numbers that were not good. There were some things that were weird. Lets give tesla credit where credit is due. They showed a revival in sales. The company has seen a decline in sales in a quarter over quarter basis. March quarter going into june, you thought maybe in the early parts of summer they would sell even fewer cars. Tesla saw an increase in the number of cars sold. The sold about 1200 more model s cars, and that meant a 17 quarter over quarter increase. They need to do that. They have had a big target out there for annual sales in terms of units of 35,000. Even the revenues are really hard a lot of times we look at companies and say, look at the revenue number, look at the earningspershar
Hsbc had a preliminary read. The chinese stocks are looking at the worst arch of year since 2010. In the u. S. , we have Economic Data at 8 30 a. M. With First Quarter gdp and initial jobless claims, 9 45 a. M. , bloomberg beforer comfort, 10 a. M. The bell, we have a slew of earnings. After the bell, it will be google and amazon. Those are two big ones in retail. Are they more optimistic off of what facebook did . And facebook has so much rising power. Lets get to the data check. Cable is out. Revenue was higher than anticipated and they increased their dividend by 15 . A lot of earnings are coming up this morning. There is the data for you. The yield is a big story. The fed meeting and there are the currencies. I am watching the yen and it is better than good. It is weaker. Is at thefor me bottom, a basket of euro and dollars. Chart and its ugly. If you are Vladimir Putin, this is not good as the world comes to sochi. The ruble appreciates and then it has been churning and you see th
700 cars in the Second Quarter cars in the Second Quarter. It is teaming up with panasonic to build a socalled gigafactory. The plant will produce lithium iron batteries, which has been a challenge for tesla. Cory, what is your take on the numbers . Are they good, not so good . Yes. There were some numbers that were good and some numbers that were not good. There were some things that were weird. Lets give tesla credit where credit is due. They showed a revival in sales. The company has seen a decline in sales in a quarter over quarter basis. March quarter going into june, you thought maybe in the early parts of summer they would sell even fewer cars. Tesla saw an increase in the number of cars sold. Se sold about 1200 more model cars, and that meant a 17 quarter over quarter increase. They need to do that. They have had a big target out there for annual sales in terms of units of 35,000. Even the revenues are really hard a lot of times we look at companies and say, look at the number