Boston, MA 02/20/2014 (wallstreetpr) – Tesla Motors Inc (NASDAQ:TSLA) touched a new 52-week high Thursday after the company announced better than expected profits and issued encouraging forecast for the current year. That was all that investors and analysts have been looking and therefore the surge of the stock wasn’t a big surprise anyway. The maker of Model S electric car said that its revenue in the just reported quarter rose 26 percent and it earned $45.9 million for the duration. Further, Tesla announced that it expects to sell 55 percent more cars in 2014 than it did in 2013. The company is bombarded with overwhelming orders from U.S., European and Chinese consumers and while it is determined to meet the demand, it might be tricky answer the orders from China as CEO Elon Musk recently observed. The rapid growth of sales for Tesla has been helped by rave reviews coupled by strong customer loyalty that even incidents like fires in Model S has not been able to nail down customer demand for the car. Tesla Motors Inc (NASDAQ:TSLA) gained 10 percent in the early hours of trading Thursday to touch a new high of $215.21, but settled at $209.97 with more than 8 percent gain in the regular session.
Hewlett-Packard Company (NYSE:HPQ) shocked traders Thursday with announcement of beating results for the first quarter. All along the company has been known to be soaked in troubles following consecutive quarters of revenue decline. But the company has just stated that its earnings in the just declared quarter were $1.4 billion or 74 cents per share. Revenue for the quarter was $28.2 billion. The non-GAAP earnings came in at 90 cents at a time Wall Street had hoped for 84 cents and revenue of $27.2 billion. The company was clearly helped by the strong sales of servers for data centers. Now Hewlett-Packard Company (NYSE:HPQ) is predicting that its non-GAAP earnings in 2014 will turn up in the range of $3.60 to $3.75.
AT&T Inc. (NYSE:T) is rumored to be planning to add Moto G to its prepaid phones portfolio. What a better way to repel cannibalism attempts from rivals Verizon Communications (NYSE:VZ), Sprint Corporation (NYSE:S) and T-Mobile (NYSE:TMUS). The said device features among other specs 1.2GHz quad-core and 4.5-inche display. Thus, experts believe that it would be a perfect device to add to the telecoms operator’s GoPhone portfolio.
