Tesla Motors made roadkill of Wall Street’s second-quarter estimates late Thursday, thanks to continued strong demand for its luxury electric cars in the U.S. and overseas. But Tesla (TSLA) stock fell fractionally late on a scheduled production hiccup from the transition to a new assembly line that will limit profitability. During the regular session, Tesla slid 2.5% to 223.30. The Palo Alto, Calif.-based company earned 11 cents a
LinkedIn maintained a string of earnings success stories from social networking companies with a strong second-quarter report late Thursday. The professional networking site reversed concerns about slowing growth as Q2 revenue rose 47% to $534 million from the year-earlier period and topped estimates for $511 million. That halted five straight quarters of decelerating growth. LinkedIn’s (LNKD) earnings per share minus items climbed
Twitter shares soared late Tuesday as the short-message service reported a pickup in user growth, plus earnings and revenue much better than expected. Average monthly users hit 271 million at the end of Q2. It was an increase of 24% vs. a year earlier and 16 million from Q1. Investors had expected Twitter (TWTR) to add 11.8 million users, said JPMorgan analyst Doug Anmuth in a report on Tuesday before the earnings release. “We