The major US indices are ending the day with declines.
The final numbers are showing:
- Dow industrial average down -1% or -0.33% at 30423.81
- S&P index down -24.82 points or -0.67% at 3695.15
- NASDAQ index down -91.8 points or -0.85% at 10680.52
- Russell 2000 down -30.20 points or -1.72% at 1725.75
The moves to the downside snap a 2 day win streak.
Tesla - after the close – is reporting higher earnings-per-share but revenues are light:
- earnings-per-share $1.05 vs. $1 expected
- revenues $21.45 billion vs. expected $21.96 billion
- Tesla shares are trading $-9.88 or -4.45% at $212.80
IBM earnings beat expectations on the top and bottom lines:
- Earnings-per-share $1.81 vs. $1.77 expected
- Revenues $14.1 billion vs. $13.51 billion expected
- IBM shares are up $6 or 4.97%
Lam Research earnings beat expectations:
- EPS $10.42 vs. $9.54 estimate
- revenues $5.07 billion vs. $4.91 billion estimate
- shares are trading at $341 up $10.92 or 3.31% in after-hours trading