CVS Caremark (CVS) is out this morning with a healthy earnings beat. The drug store giant made $1.05 a share, 3-cents better than expected. Revenues also topped estimates, reaching almost $32-billion dollars. Meanwhile, AOL (AOL) is out with a big earnings miss. Revenues actually topped estimates, but profits plunged to just 2-cents a share because of restructuring charges for the company's Patch news service. And Michael Kors (KORS) is still in fashion with an earnings beat. The company made 71-cents a share on $740-million in sales when expectations were for 68-cents a share on $725.91-million in sales.
Tesla (TSLA) reports after the closing bell. And that's put the stock on another charge higher. Right now the shares are up more than 2% in early trading. They rose more just over 8% yesterday, giving the stock a 395-% gain so far in 2013. What should investors be watching for when the company comes out with its report this afternoon? Yahoo Finance Senior Columnist Mike Santoli has more in the video above.
- Information Technology
- CVS Caremark
- Michael Kors