Earnings Reports

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The SEC filed a law suit against Tesla CEO Elon Musk Thursday after the market close. The Electric vehicle and storage company's $TSLA shares fell 10% in the after hours.   

KB Homes reported better than expected Q3 earnings after the market Tuesday with soaring revenue from its core line despite the U.S. housing recovery stalling. $KBH is benefitting from higher selling prices and increased consumer confidence. The stock rose 5% after the release.

Nike reported much stronger earnings than expected after the close Tuesday however lower margins than expected saw $NKE shares fall about 3.5%. Nike has been courting controversery over its controversial advertisement featuring former NFL player Colin Kaepernick.

Digital payments and point of sales processor (POS) Square launched its new payroll app on Tuesday sending $SQ flying over 9%. Square has been leveraging its data to great affect. Competitors $ADP and $PAYX shares were down on the day.

Memory chip maker Micron reported better than expected earning and revenues after the close Thursday. Revenues jumped 38% year-on-year to a record high of $8.44 billion with diverse demand growth. $MU reversed an intial 4% gain to a 7% loss in after hours. 

FedEx Corp reported after the close Monday missing expectations on costs and wage rises giving us insight into the economy and the threats from online retail giant $AMZN and rivals $UPS and DHL.$ORCL lifted its adjusted EPS guidance.

Software giant Oracle reported fiscal first quarter earnings after the close Monday missing on revenue but beat on earnings. $ORCL dissappointed in the face of competition on two main fronts, $AMZN for Cloud infrastructure and $CRM platform database revenue. 

Sonos released it's first earnings report Monday after going public and it exposed all the risks of IPO's, technology and stockmarket whims. The rollercoaster saw $SONO close up 13%  and then crash 20% after the release.

Deep Sea Driller Diamond Offshore Drilling reported lower second quarter earnings before the market Monday announcing a bigger loss. Revenue continue to be impacted as day rates for deep water drilling rigs fall. 

Video game maker Electronic Arts fell over 12% last week after it announced it would be delaying Battleship V after previous raised sales guidance. $EA was also hit by a downgrade by Bank of America on both the Battleship news and Fortnite gains.

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