Markets were mixed in Thursday trading ahead of President Donald Trump's decision to nominate Jerome Powell to be chairman of the Federal Reserve when Chairwoman Janet Yellen ends her term in February.
Shares of Tesla Inc. (TSLA, Financial) lost almost 17% on the back of the company reporting its financial results for the third quarter. The company posted losses of $2.92, which came up short of estimates by 62 cents. Revenues were $2.98 billion in the period, 29.6% higher year over year. Moreover, the company managed to beat revenue expectations by $40 million.
The company received record net orders for Model S and Model X and believes there will be an all-time record for deliveries of those models in the next quarter. Further, Model 3 will help the company grow faster in the future.
Shares of Tenaris SAÂ (TS, Financial) gained almost 10% on the back of the company reporting its financial results for the second quarter. The company posted EPS of 6 cents per share and higher-than-expected sales. Revenue of $1.24 billion beat expectations by $10 million and was up 17.0% year over year.
GoPro Inc. (GPRO, Financial)'s shares lost 12% after the company reported third-quarter EPS of 13 cents and beat analyst estimates by 13 cents per share. Revenues advanced by 37.1% year over year and also beat expectations by $16.71 million. CEO Nicholas Woodman said, "We are dedicated to growing as an innovative company while being a vigilant steward of shareholder capital."
Community Health Systems (CYH, Financial) was down 15% after posting third-quarter results. Revenues of $3.666 billion were down 16.3% year over year. The net loss widened to $108 million or 96 cents per share.
Disclosure: The author holds no position in any stocks mentioned.
