Tesla Tops Estimates, IBM Disappoints, Texas Instruments Trounces Estimates
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Tesla (TSLA) beat Wall Street’s profit expectations to start the year as the automaker said demand for its electric vehicles is rebounding around the globe, hinting at a possible recovery for its long-struggling automotive business. The shares rose 4% at 4:48 p.m. after the close of regular trading in New York. The stock has declined 21% from a record high in mid-December. - IBM (IBM) posted quarterly sales in its software unit that were in line with estimates, failing to shake investor concerns…
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