StockWatch: Tesla Reports Record Revenues!
Tesla has posted record revenue and profits in Q3 once again. The company reported $1.62bn in net income, the second time it has surpassed $1 billion.
The improved gross margins of 30.5% on its automotive business drove the record results.
IBM shares fell as much as 5% in extended trading after the company issued third-quarter results, including lower revenue than analysts had expected.
What a roll-reversal for the earnings season!
Timestamps:
- TSLA 01:40
- IBM 03:15