Yahoo Finance is tracking Tesla, Fitbit and HP ahead of their quarterly results after the bell.
Tesla (TSLA) – This will be the first time the electric carmaker is reporting quarterly results since buying SolarCity in November. Shares have soared over the past three months. The stock is up 43% compared to the S&P 500’s 7% gain. Analysts will be focusing on launch timing of Tesla’s Model 3, production guidance and updates on the integration of SolarCity into Tesla.
Fitbit (FIT) – The company is expected to swing to a loss in the fourth quarter, dragged down by weak holiday sales. Last month, Fitbit announced it would cut about 6% of its workforce and estimates it only sold 6.5 million devices during the quarter, compared to 8.2 million a year earlier. Analysts are expecting Fitbit to report a loss of 53 cents per share on revenue of $576.13 million. The stock has declined more than 30% in the past three months.
HP (HPQ) – Strong PC sales are expected to help boost HP earnings. Research firm IDC said HP shipped 15.3 million PCs during the quarter. That’s up 6.6% from one year ago. Wall Street will also be paying attention to HP’s printing business, which was responsible for nearly three-quarters of the company’s profit last year. Analysts are expecting earnings per share of 37 cents on revenue of $11.83 billion.
For more on Tesla, Fitbit and HP, check out the Final Round, live at 4 p.m. EST, right here on Yahoo Finance.
