HomeBusinessEnergy Sector, Oil, & Gas Stock NewsTesla (TSLA) Earnings Miss, But Shares Pop & NFLX, LAM Earnings Released

Tesla (TSLA) Earnings Miss, But Shares Pop & NFLX, LAM Earnings Released

Tesla’s (TSLA) 3Q adjusted EPS came in at $0.66 versus an estimated $0.73 and revenue came in at $23.35B versus an estimated $24.38B. TSLA missed on the top and bottom line, but its long-term growth strategy is still looking up and shares popped. TSLA said that “Cybertruck deliveries remain on track for later this year” and they “continue to make progress on our next generation platform.” TSLA’s 3Q total deliveries are up 27% year-over-year. Netflix’s (NFLX) earnings were also released. Its 3Q adjusted EPS came in at $3.73 versus an estimated $3.46 and its revenue came in at $8.54B versus an estimated $8.53B. NFLX is raising its price for basic and premium tiers in the U.S., U.K., and France. NFLX password sharing limits rolled out everywhere, and the cancellations were lower than expected. Additionally, Lam Research’s (LAM) earnings were released with 1Q adjusted EPS coming in at $6.85 versus an estimated $6.07 and revenue coming in at $3.48 versus an estimated $3.41. Caroline Woods a

Market On Close

18 Oct 2023

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