Facebook and Tesla shares fall hard after earnings

Author: Adam Button | Category: News

MSFT was a warning

All day I've been warning that even good companies are getting slaughtered after big earnings beats.

Facebook earnings were also strong -- but not as strong as MSFT or NFLX -- and shares have responded with an afterhours fall to $257 from $274.

Tesla shows what happens when you miss. The company earned 80-cents compared to $1.03 expected and, even with a modest revenue beat, shares are down over 10% after hours.
MSFT was a warning
That's not a pretty picture.

There's also Whirlpool, which makes things like washers and dryers which is down to $203 from $216 after a decent beat. The company commentary so far is upbeat, with the CEO highlighting the strong housing market in statement.

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