Hump day marked a change of fortunes for U.S. stocks as major markets rose and it was announced that private employers added 179,000 jobs in July — ahead of expectations. The S&P 500 rose 0.3% Wednesday, while the Dow Jones Industrial Average grew 0.2%.
Quarterly earnings reports were the day’s news as Tesla Motors Inc (NASDAQ:TSLA), Jack in the Box Inc. (NASDAQ:JACK) and Tripadvisor (NASDAQ:TRIP) all had revenue to report.
Here’s how they did:
Tesla Motors Inc (TSLA)
Earnings were at the forefront of Tesla’s homepage Wednesday.
The electric car maker reported earnings at an adjusted net loss of $1.06, which is worse than the loss of 52 cents per share that the company had hoped for.
Additionally, non-GAAP revenue came in at $1.56 billion, which surpassed the year-ago tally, but missed the $1.6 billion estimated for its second quarter.
The company sold 14,402 vehicles over the quarter — now having sold about 30,000 in its first two quarters. Tesla hopes to sell 50,000 more by the end of the fiscal year.
TSLA shares were trading flat Wednesday after hours.
Jack in the Box Inc. (JACK)
Jack in the Box’s quarter was also in the limelight yesterday.
For its third quarter, the restaurant chain’s earnings amounted to $1.07 per share, which is stronger than the 87 cents a share that Wall Street had projected.
Additionally, Jack in the Box’s revenue figures were slightly ahead of Wall Street’s prediction at $369 million.
The company received a boost from the acquisition of Mexican chain Qdoba recently.
JACK stock rose 7.7% after the bell Wednesday.
TripAdvisor (TRIP)
Hotel revenue for TripAdvisor was lower last quarter, compared to the year-ago numbers.
The company bought $316 million in hotel revenue, while total revenue totaled $391 million. The consensus estimate called for overall revenue of $402.6 million.
Earnings were also below the consensus estimate at 38 cents a share. Wall Street expected TripAdvisor to earn 42 cents a share.
The company’s numbers don’t paint the whole picture, as spending to expand its business was key to the company’s quarter.
TRIP shares dropped 7% after hours Wednesday.
As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.
