Sizable earnings beats from Big Tech and the big banks are likely to drive a surprise lift in corporate profits this earnings season. S&P 500 index SPX, +0.39% companies are now projected to show positive earnings growth of 1.7% for the fourth quarter, with 58% of results already in. That …
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Tesla Inc. stock rose more than 5% late Wednesday after the Silicon Valley car maker reported a second-quarter GAAP and adjusted profit, setting it on a course to join the S&P 500 index and surprising investors as most of the quarter was beset with coronavirus-related stoppages. Tesla TSLA, +1.52% said …
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Shares of theme park operator Six Flags Entertainment Corp. slid 18% Thursday to put them on track for a seven-year low, after the company swung to a surprise fourth-quarter loss, offered downbeat guidance and cut its dividend. More than 7 million shares SIX, +2.32% had changed hands by early afternoon, …
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