The markets were mostly flat today as investors wait for the unemployment rate tomorrow. Traders are looking to this number to spark some much needed activity in the overall markets.
The Dow 30 and the S&P 500 were flat today, and the Nasdaq 100 added 6.
Tesla (TSLA ) closed higher today (2.13%) despite reporting a bigger than expected loss of a $1.06 a share. The media was focused on the fact that the loss was about double what analysts' were expecting. Tesla also missed on revenue as the company struggled to make more cars. Tesla reported that they delivered over 14,000 vehicles during the quarter and that they are still on track to deliver 50,000 cars in the second half of this year.
Recent IPO Square (SQ ) shot up 8.33% today as the company raised its outlook for the year. This came after the company announced second quarter revenue which beat estimates, along with a narrower loss from a year ago. Sales spiked 41% as more merchants used the company's technology to process mobile payments.
Herbalife (HLF ) traded in a wide range today but ended up pretty flat (0.75%) after posting a beat on both its top and bottom lines for the second quarter. The company also raised its outlook for the year, saying that they can now move forward following the recent FTC settlement which determined it is not a pyramid scheme.
In other earnings news:
TripAdvisor (TRIP ). TripAdvisor sold off 8.49% after missing top- and bottom-line estimates for the quarter.
Parker-Hannifin (PH ) broke to new 2016 highs (4.54%) after beating bottom-line estimates for the quarter and raising its earnings estimates for the full year.
MetLife (MET ) suffered a 8.71% decline after missing top- and bottom-line estimates for the quarter.
Regeneron Pharmaceuticals (REGN ) lost 1.81% after missing top-line estimates for the quarter. However, the company did beat analysts' earnings estimates and reaffirmed its net product sales guidance.
