Check out the companies making headlines midday Thursday.
Chief Financial Officer David Wehner said in the earnings call the social media giant expects the constant currency revenue growth rates to "decelerate sequentially going forward." The company also sees "more pronounced deceleration in the fourth quarter and into 2020, partially driven by ad-targeting related headwinds and uncertainties," Wehner said.
Facebook earned $1.99 cents per share in the second quarter, versus $1.88 per share forecast by Refinitiv.— The maker of Invisalign had its stock plummet more than 27% after the company warned of a slowdown in China. CEO Joe Hogan said Invisalign shipments were lower than expected in the second quarter, "primarily due to a softness in China related to a
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Tesla set to report second-quarter earnings after the bellTesla is set to report second quarter earnings after the bell. Analysts expect revenue of $6.41 billion, losses per share of 40 cents, according to Refinitiv.
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Tesla expects the Model Y to be more profitable than the Model 3Tesla cited higher expected selling prices as one of the reasons why the Model Y could be more profitable than the best-selling Model 3.
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Tesla posts loss of $1.12 per share, vs. expected loss of 40 centsIt's not surprising that we're seeing a Q2 loss from Tesla, Lebeaucarnews reports, but the loss was bigger than expected. Here’s what Tesla reported:
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