On the American stock exchange this week was the time, when many companies published their quarterly reports, therefore, today's issue will consist of analysis of reporting.
Disclaimer: when we talk about, that something has grown, we mean a comparison with the same quarter a year earlier. Since all issuers are from the USA, then all results in dollars. References were used in the creation of the material, which are not available to users from the Russian Federation. We hope, Do you know, what to do.
So what about reporting?
Tesla (NASDAQ: TSLA) set a record for profit: in 1 in the quarter of 2021, the company earned $438 million, which is much more, than 16 million a year earlier. Revenue also rose strongly 74%, up to $10.4 billion. Number of cars, sold by the company, doubled to 184,877 thousand.
It all sounds very cool., but it's too early to rejoice: in fact, the company is still unprofitable, as before. How so?? But like this: 518 million dollars the company received, selling regulatory loans - these are virtual quota units, which car manufacturers need, engaged in the production of conventional cars. Tesla has a lot of such loans, since she only makes electric cars. Another 101 million was given by the sale of bitcoins.
That is, Tesla's business with the machines themselves is still unprofitable., and profit is not obtained from operating activity. And there is no noticeable growth in the performance indicators of the core business: Tesla's automotive business gross margin, excluding regulatory loans, last quarter was 22% from revenue is better, how 21% a year earlier, but still not so good, as we would like.
Amazon (NASDAQ: AMZN) increased revenue by 44% - up to 108.5 billion dollars, and the profit is 3 more than once, with 2,5 up to $8.1 billion. This is a great result., but much more important for the company is, that recently thwarted an Amazon worker union attempt at a logistics center in Alabama.
The company is notorious for its terrible working conditions and pay., so the very fact of, that union creation failed, it's a big deal for her: the entire low-margin retail business rests on the labor of low-paid warehouse workers. However, after this story, the company decided to increase the salary of its employees - add 0.5-3 $ in time before, what are they getting paid. For Amazon, that's an extra billion in spending per year..
Juniper (NYSE: JNPR) there is something to rejoice and something to be upset about: revenue increased by 8% - slightly above expectations, - but profits have fallen sharply, from 20.4 million to a loss of 31.1 million dollars. Higher spending is partly to blame, but overall it's because of the debt, a large amount of which had to be repaid in the last quarter.
In the future, the company's business may be affected by the shortage of semiconductors, needed for the equipment it sells, what Juniper management honestly warned shareholders about. However, if you are reading Investnik, have already earned on this issuer.
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