Tesla (TSLA)
The electrical automobile (EV) big reported adjusted quarterly earnings of $1.19 versus analyst estimates of $1.12 per share. Sales of $24.32 billion beat analyst estimates of $23.03 billion. Tesla’s automotive gross margin of 25.9% got here in beneath expectations of 28.4%.
The firm stated its Cybertruck mannequin is on monitor to start manufacturing later this yr. More particulars are anticipated to be revealed at its investor day on March 1.
IBM (IBM)
IBM shares rose 2% after the corporate introduced fourth-quarter income of $16.69 billion, barely above analyst expectations. Adjusted earnings per share got here in at $3.60, in keeping with the common analyst estimate.
The hybrid cloud and infrastructure firm will probably be slicing about 3,900 jobs, or 1.5% of its workforce, in keeping with an interview given by CFO James Kavanaugh, reported by Bloomberg. IBM joins a slew of tech firms that are slicing prices by slashing its workforce amid slowing economies all over the world.
ServiceNow (NOW)
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2023-01-25 18:19:17 Stocks shifting in after hours: Tesla, IBM, ServiceNow, Levi
Article from finance.yahoo.com