Tesla Falls on Earnings Miss, IBM Disappoints, Southwest Airlines Jumps
On this episode of Stock Movers:- Tesla (TSLA) third-quarter profit fell short of Wall Street’s expectations despite record electric-vehicle sales, a sign of the pressure automakers are facing from shifting federal policies and rising costs. Adjusted earnings were 50 cents per share in the period, the company said Wednesday in a statement. Analysts had expected 54 cents on average in estimates compiled by Bloomberg. Revenue was $28.1 billion, outpacing expectations. The shares slipped in extended trading in New York.- IBM (IBM) reported disappointing revenue in its closely watched Red…
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