Q2 Earnings Beat: Tesla and Las Vegas Sands
- July 20th, 2023
- 216 views
Tesla, Inc. (Nasdaq: TSLA) has released its second-quarter 2023 financial results, surpassing earnings expectations with an adjusted EPS of $0.91 compared to the consensus estimate of $0.82. The company's quarterly revenues surged 47% year-over-year (about 6.5% quarter-over-quarter) to $24.927 billion, exceeding the consensus estimate of $24.48 billion.
$TSLA was trading at $279.07 in after-hours, down $12.19 (-4.19%).
In other news, Las Vegas Sands Corp. (NYSE: LVS) released its second-quarter 2023 financial results, reporting adjusted earnings per share (EPS) from continuing operations of $0.46 and revenue of $2.54 billion, beating the consensus estimate of $0.43 EPS on revenue of $2.39 billion for the period.
Additionally, the company announced the resumption of its capital return program, reinstating its quarterly dividend at $0.20 per common share.
In after-hours, $LVS was trading at $57.66, reflecting a decline of $2.00 (-3.35%).
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