While earnings growth is expected to slow down appreciably for many companies from a record-breaking first half, two prominent companies are projected to put...
While earnings growth is expected to slow down appreciably for many companies from a record-breaking first half, two prominent companies are projected to put up big numbers this week.
Netflix’s stock was in the penalty box for much of the past year, after a huge surge in subscriptions early in the COVID-19 pandemic petered out in the third quarter last year. After treading water for roughly 10 months after last September’s report, shares have jumped in recent months, adding more than 15%, as analysts expect nearly 50% earnings growth for the third quarter.
Tesla is expected to grow earnings by more than 85% in the third quarter, as it also finds success in Asia. After a rough start to 2021 in China, Tesla reported strong sales there in September, and continued demand in foreign markets is expected to keep the electric-car company rolling through the rest of 2021.
Those two will be among 80 S&P 500 companies expected to report in the week ahead, the busiest week so far this young earnings season. Here are some other results to check:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla takes two of three top spots in China's most popular EV listThe Hongguang Mini took the top spot in the China Passenger Car Association's list of top electric vehicles. It's made through a joint venture between General Motors, Wuling Motors and state-owned SAIC Motor. Tesla took the second and third spots with 111,751 sales of the Model 3 and 92,933 sales of the Model Y during the first three quarters of the year.
Read more »
Elon Musk Gets Almost $13 Billion Richer In One Week As Tesla Stock Hits 8-Month HighThe world’s richest person widened the gap on the competition after awarding Jeff Bezos a tongue-in-cheek silver medal.
Read more »
A new video proves that a Land Rover Range Rover can go 0-60 mph faster than a TeslaE.C.D. Automotive Design customized a Range Rover Classic, making it so quick that it that can outrun a Tesla.
Read more »
Amid Controversy, Netflix Earnings In Focus for Wall StreetAs fallout from a Dave Chappelle special makes headlines, observers will also look for updates on new business initiatives, such as a push into video games and consumer products.
Read more »