Earnings, Revenue Beat Expectations
Tesla Motors earned $0.20 a share in the second quarter, better than the $0.17 expected by analysts. Revenue of $405.14 million also breezed past the $383.4 million estimate. Production increased from 400 vehicles a week to almost 500. TSLA surges 15 percent before the opening bell on my tradeMONSTER platform.
Smart Phone Shift Boosts Group Results
Groupon's profit of $0.02 a share only matched expectations, but the $608.7 million revenue number beat consensus of $606 million. The company also showed progress in winning customers on smart phones and tablet computers. Eric Lefkosky was confirmed as chief executive and Ted Leonsis as chairman. GRPN rallies 26 percent in early trading.
Fusion-IO Tanks on Weak Outlook, Sales Miss
Fusion-IO's earnings matched expectations, but revenue of $106.5 million lagged the $110 million consensus estimate. The outlook for the current quarter was even worse, coming in at $80-90 million. Analysts were looking for $123.8 million. FIO, which saw bearish put buying last week, craters 20 percent in the pre-market.
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