It’s time the United States released its 3Q corporate earnings reports. This is a critical time for investors to revise and adjust their portfolios if necessary, while traders can take advantage of the volatility.
The Earnings Calendar is filled with hundreds of daily financial reports from different sectors across the US industry. Some of this week’s main releases were from Tesla (TSLA), the US company that specializes in electric car manufacturing. Tesla experienced set-backs this year for not meeting deadlines, but the 3Q report showed unexpected positive earnings and announced that Tesla was ahead of schedule at their $2 billion factory in Shanghai, which has started selling its China-made Model 3 with an autopilot function today.
On this upbeat report, shares rose went up by 19% to the current price of 298.50.
Not all 3Q reports are as positive as Tesla’s. Let’s take Twitter.
Yesterday, the social network giant and President Donald Trump’s favorite place to vent – Twitter (TWTR) released its financial report. Its revenues had dropped, which Twitters explained advertisement malfunction as well as issues related to the way Twitter had handled user personal information.
In Twitter’s letter to shareholders, it was stated that they expect these issues to continue to have impact on the company in 4Q.
As a result, shares dropped by 19% and are currently trading at 30.75.
Amongst other giants, Google (GOOGL) rereleases their earnings report on Monday, October 28, while Apple (APPL) and Facebook (FB) will release reports on Wednesday, October 30.