Known for moving big after posting results, watch Tesla (TSLA) today. The company posted earnings that beat expectations, even though revenue worsened in the quarter.
In Q1, Tesla posted $0.41 (adjusted). Revenue was $22.39 billion, up by 16% Y/Y. Automotive revenue grew to $16.2 billion. To spur sales, the company will offer more affordable trims of its Model Y SUV and Model 3 variants.
Expect TSLA stock to trade by around -1.0% to +3.0%.
ARM Holdings (ARM) might add to yesterday’s 12% gain. The chip maker’s stock traded at a 52-week high, despite reporting nothing fundamentally new. Susquehanna hiked its price target on ARM, setting a $210 price target. Still, the firm faces stiff competition from Amazon (AMZN) and Apple (AAPL). Alphabet (GOOG) is also making chips to power AI servers.
Equifax (EFX) might continue its downtrend after losing 7.15% to close at $178.66. It posted Q1 EPS of $1.86 (adjusted). Revenue grew by 14% to $1.65 billion.
Fair Isaac (FICO) dropped by 6.42% on Wednesday to close below $1,000. The firm faces more competition after Freddie Mac said it will accept mortgage loans assessed using VantageScore 4.0. This is a joint venture owned by Equifax, Experian, and TransUnion (TRU).
FICO’s eroding moat suggests that the stock could keep falling for the next few weeks.
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