FinancialBuzz.com’s latest Buzz on the Street Show: Featuring Our Stock Market Earnings Report on 3M Co., Tesla, Inc., The Boeing Company and Paypal Holdings, Inc.
3M Co. (NYSE: MMM) slipped more than 5% after it reported falling revenues in several markets and plans for a second round of layoffs in less than a year. The company earned $1.95 cents per share on sales of 8.11 billion dollars.
Tesla, Inc. (NASDAQ: TSLA), however, surged after the car maker earned $2.14 cents per share on revenues of 7.4 billion dollars and set a goal to comfortably sell more than half a million vehicles this year.
On the other hand, The Boeing Company (NYSE: BA) lost $2.33 cents on revenues of 17.9 billion dollars and is still clearly pained by two deadly crashes inside of five months.
And lastly, Paypal Holdings, Inc. (NASDAQ: PYPL) topped expectations while disappointing on some counts. The company earned 86 cents per share on revenues of 4.96 billion dollars, however, Paypal’s total payment volume growth rate slowed from last quarter and its guidance missed both earnings and revenue estimates.
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