Another Big Day for Late Earnings: TSLA, TWTR, WFM, SKX & ZNGA
Zacks By Mark Vickery https://finance.yahoo.com/news/another-big-day-earnings-tsla-232111687.html
Another big day of late earnings reports hit the tape after the closing bell Wednesday. Companies as substantial and diverse as Tesla Motors (TSLA), Twitter (TWTR), Whole Foods Market (WFM), Skechers (SKX) and Zynga (ZNGA) pushed out their latest quarterly results, so let's get right to them.
Tesla posted a terrible headline miss in loss per share for its Q4, but outperforming Model S deliveries as well as reaffirmations for its 2016 goals sent the stock far higher in the late market, pushing back on much of the big losses the stock had been incurring over the past 5 trading days. Tesla Misses Big in Q4, but Sees Sunnier 2016
Social media lynchpin Twitter brought in better-than-expected numbers for both its top and bottom lines after Wednesday's close, narrowing the company's loss while narrowly topping revenue estimates, although lower user numbers sent late trading slightly downward. Twitter Beats Q4 Earnings and Revenue, Sequential User Growth Declines
Whole Foods managed to do something after the bell in quite a while: beat estimates on both top and bottom lines for its fiscal Q1 2016 report. Shares were down a touch immediately after the announcement, but these results should help Whole Foods investors feel better about the company. Whole Foods Market Beats Q1 Earnings and Revenue Estimates Footwear retailer Skechers produced a meet-and-beat earnings report for its Q4 results late Wednesday: Skechers matched its EPS estimate while outperforming expectations in quarterly sales. Skechers Beats Q4 Revenue Estimates, Up in After-Hours Trading
Social game developer Zynga posted beats on both its top and bottom lines as well late Wednesday. The loss was narrowed compared to our consensus, while revenues brought in a nice positive surprise in the quarter. Zynga Beats Q4 Earnings Estimates