General Motors (NYSE: GM) reported second-quarter financial results before the regular trading hours on Wednesday. Even though the pandemic pushed the automaker to a loss, it wasn’t as wide as the street expected. The company reported an adjusted loss of $0.50, compared to $1.77 projected by analysts.
Meanwhile, revenues fell below the street consensus.
GM shares rose 4% immediately following the announcement. The stock has declined 30% since the beginning of this year.
GM’s prime competitor Ford (NYSE: F) is scheduled to announce quarterly results tomorrow aftermarket. Electric vehicle pioneer Tesla (NASDAQ: TSLA), meanwhile, last week delivered a surprise profit in Q2, sending the stock up almost 7%.
Yelp (NYSE: YELP) reported second-quarter financial results after the regular trading hours on Thursday. The results were better than what the street had anticipated. YELP shares rose 4% immediately following the
Uber Technologies (NYSE: UBER) reported its second-quarter 2020 financial results after the regular trading hours on Thursday. Revenues exceeded the estimates, while the bottom-line missed. Shares of the ride-hailing company
TMobile US Inc. (NASDAQ: TMUS) on Thursday announced financial results for the second quarter of 2020, reporting a 61% increase in revenues aided by strong customer growth. The results also