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7:15 – Mixed trend in Asian markets, after an evening of retreat on Wall Street (Nasdaq down 0.7%, S&P 500 down 0.5%, Dow Jones closed up less than 0.1%). Nikkei stable, Hang Seng down At 0.4%, Shanghai is up 0.2%, Kospi is up 0.9%.
NIO shares are down 11.8% in Hong Kong after the reports, following a 6% drop last night in New York. The electric car maker reported a deepening net loss to 5.79 billion yuan ($838.9 billion).
In tech in Hong Kong – Alibaba is down 3.7%, JD.com is down 2.3%, Baidu is down 2.5%; Petrochina and Xiaomi also stand out, rising by more than 2%; In Tokyo, the fashion retailer Fast Retailing (owner of the Uniqlo brand) stands out on the green side, strengthening by 2.4%.
7:00 – Tesla lost 5.7% in late trading following the disappointment at the annual investor event – including the fact that the company did not present plans for new models.
Another disappointment was that Tesla’s people avoided answering questions about the competition from China and did not go into requested details about the company’s plans for the rest of the way.
Tesla returned and stated that its goal is to reach the production of 20 million cars by 2030 and added that it intends to act to sharply reduce production costs.
6:50 – Salesforce jumped 15.8% after beating market expectations in its fourth fiscal quarter reports and provided an optimistic outlook for the rest of the way.
The provider of computing services Hanen recorded in the quarter revenues of 8.38 billion dollars, a growth of 14% compared to the corresponding quarter and when the analysts were expecting 7.99 billion dollars.
The net loss was 98 million dollars, compared to a loss of 28 billion dollars in the corresponding quarter. At the same time, but in the adjusted line, Salesforce presented a profit of $1.68 per share, in a gap from the market expectation of only $1.36 per share.
The company’s forecast for the current quarter (fiscal first) is an adjusted profit of $1.61-1.60 per share and revenues of $8.18-8.16 billion. Analysts expect adjusted earnings of $1.32 per share and revenue of $8.05 billion.
Salesforce’s forecast for the entire fiscal year is an adjusted profit of $7.14-7.12 per share and revenues of $34.7-34.5 billion – here, too, above market expectations, for an adjusted profit of $5.84 per share and revenues of $34.03 billion.