Hot Stock Minute

Tesla tops estimates; GoPro falls; LinkedIn leaps

Here is a look at some of the stocks the Yahoo Finance team will be watching for you today.

Tesla (TSLA) shares rose before the bell. The electric-car maker reported earnings and revenue that beat estimates on an adjusted basis, thanks to strong demand for its vehicles in the U.S. and overseas. However, on a non-adjusted basis the company reported a second-quarter loss that doubled compared with a year earlier due to higher labor costs, sales expansion in China and research and development for its next model.

GoPro (GPRO) shares fell in early trading. The company beat earnings and revenue on an adjusted basis, but including all items, GoPro reported a loss of $0.24. Many analysts are also concerned with how long the company can be a dominant player in the camera gear space. The company also expects a stronger second half of the year. It was the first quarterly earnings report for the action-camera company since its hot IPO late last month.

LinkedIn (LNKD) shares soared in the pre-market after the professional social network reported earnings that blew past estimates. Revenue also topped expectations, jumping 47% from a year ago. The company benefited from strong gains in advertising, subscription services and its flagship recruiting business. It also raised its revenue outlook for the year and expects the current quarter to be strong as well.

Procter & Gamble (PG) shares rose in early trading. The consumer products giant, which owns brands such as Tide and Pampers, reported earnings of $0.95 a share, topping analysts’ estimates as the company continued with its cost-cutting plans. However, revenue fell short of expectations, due to currency swings and lackluster growth in certain products. 

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