In the news: P&G misses earnings, Tesla beats and more

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Friday headlines include: an earnings miss from Procter & Gamble ( PG ), Tesla Motors beatings estimates, Facebook facing a new lawsuit, General Electric spinning off its consumer finance business, and World Wrestling Entertainment losing less than expected.

Procter & Gamble

Consumer goods maker Procter & Gamble ( PG ) said Friday that it earned 89 cents per share in its fourth fiscal quarter. Adjusted earnings were 95 cents per share. Revenue was $20.16 billion. Analysts had expected the company to earn 91 cents per share on $20.48 billion in revenue. The company said it expects earnings to grow in the mid single digits in fiscal 2015, while revenue is predicted to grow in the low single digits.

Tesla Motors

Electric car maker Tesla Motors ( TSLA ) said Thursday that it lost 50 cents per share in the second quarter. On an adjusted basis, the company earned 11 cents per share on revenue of $769.3 million. Analysts had expected the company to earn 7 cents per share on $801.9 million. The company delivered 7,579 Model S sedans in the quarter, edging out its guidance for 7,500. The company also said it built 50 new charging stations during the quarter, bringing the total to 156.


Facebook

Social-media service Facebook ( FB ) is facing a class-action lawsuit filed by an Austrian student who claims the company violated its users' privacy. Max Schrems, already has a case pending against the company in the European Court of Justice. He recently filed a claim in the commercial court in Vienna and is asking others to join the suit by logging into a website he created using their Facebook credentials.

General Electric

Shares of the latest spin off from industrial conglomerate General Electric ( GE ) were flat in their debut on Thursday. Synchrony Financial ( SYF ), closed at $22.85 after opening at $23.00. GE raised $2.88 billion from the IPO of its North American consumer finance operations. Even after the IPO , GE still retains an 84.9 percent stake in the company.

World Wrestling Entertainment

World Wrestling Entertainment (WWE) said Thursday that it lost 18 cents per share on an adjusted basis in the second quarter on $156.3 million in revenue. Analysts had expected the company to lose 21 cents per share on $155.5 million in revenue. The company said it will cut about 53 jobs, or 7 percent of its workforce.


This article was originally published on MarketIntelligeneCenter.com



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Earnings , Technology

Referenced Stocks: TSLA , PG , FB , GE , SYF

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