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Tesla falls short; Nike ditches golf equipment business; Square shares soar

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Tesla (TSLA) – The electric car maker reported a bigger loss than expected while coming up short in revenue. Tesla posted a loss per share of $1.06 on revenue of $1.56 billion. The company also reaffirmed its previous guidance, saying it’s on track to deliver 50,000 vehicles in the latter half of this year.

Nike (NKE) – The company has announced it is getting rid of its golf equipment business as it struggled to boost sales and plans to focus on its golf footwear and apparel business to “accelerate innovation.” Golf was Nike’s worst performing division last year, raking in $706 million.

Square (SQ) – The digital payments company topped analysts’ estimates in the second quarter and raised its annual guidance. Square reported its gross payment volume rose to $12.5 billion, up 42% year over year and noted that it launched new products during the quarter to provide sellers with more options to accept payments.

Viacom (VIAB) – The company topped Wall Street estimates in the second quarter, posting adjusted earnings per share of $1.05 on revenue of $3.11 billion. Viacom reported an increase in ratings across some of its networks, including Nickelodeon, as well as 30% revenue growth in its filmed entertainment segment.

21st Century Fox (FOXA) – Fox posted adjusted earnings per share of 45 cents for its fiscal fourth quarter, topping estimates by 8 cents a share on revenue of $6.65 billion.