Stock Price Movement of Tesla, Xerox, and more Companies

Tesla – Stock Prices Elevated by 7.4%

The share prices for Tesla have experienced a huge surge in premarket trading. The report has revealed that the share prices for Tesla experienced a 7.4% elevation after it shared its earnings for the first quarter of 2022.

As most of the time, Tesla reported having generated more than estimated earnings in the first quarter of 2022. The executives at Tesla confirmed that they beat the top and bottom earnings estimations that were set by the analysts on Wall Street.

Despite sharing promising earnings, Tesla has cautioned all the investors about the upcoming constraints they may face due to supply chain issues. They revealed that although they have been dealing with the semiconductor shortage quite well, they may end up getting hit by it by the end of the year.

Although they may face shortages by the end of the year, they may succeed in increasing and achieving their delivery targets.

Xeros – Shares Dipped by 7.3%

The share prices for Xerox experienced a 7.3% dip in post-market trading. The share prices for Xeros went down after it shared its earnings for the first quarter of 2022.

The company revealed that for the first quarter of 2022, it generated earnings that were worth 12 cents. The earnings generated by Xeros were 1 cent per share less than the estimations made by the analysts. The company revealed that it has faced major inflation issues that have impacted its revenue generation.

Dow Inc. – Shares Surged by 2.1%

The share prices for Dow Inc. experienced a 2.1% surge in premarket trading. The share prices for Dow Inc. rose after the chemical maker shared its earnings report. In the earnings report, Dow Inc. confirmed that the earnings and the revenue it generated for the first quarter of 2022 were higher than expectations.

Sleep Number – Shares Dipped by 10.6%

The share prices for Sleep Number have experienced a 10.6% surge in post-market trading. The mattress company revealed it generated earnings lower than the estimations made by the analysts for the first quarter of 2022.

In the earnings report, Sleep Number revealed it only managed to generate worth 9 cents per share. Whereas, the analysts had predicted it would generate earnings worth 33 cents per share.

Carvana – Shares Dipped by 5.1%

The share prices for Carvana experienced a 5.1% dip in the premarket trading. The dip was experienced after Carvana shared its earnings for the first quarter of 2022. According to the earnings report, Carvana generated earnings that were lower than the estimations made by the analysts.

Carvana executives revealed that the analysts had predicted they would incur losses worth $1.44 per share for the respective. Whereas, they ended up incurring losses worth $2.89 per share for the respective quarter.

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