Apple's Got A $204 Billion 'Problem' That's Costing It A Fortune
Not only didApplesmash first-quarter profit forecasts, it just broke past another S&P 500 threshold: cash. The problem is the company can't get rid of it fast enough — which is costing investors.The tech sector giant ended the three months ended in March 2021 with cash and investments of $204 billion. That's up nearly 5% in a month and keeps Apple No. 1, by far, in the S&P 500 in terms of cash on hand. Google parentAlphabet in the communications services sector is a distant No. 2 with $160 billi
What to Expect From Tesla's Q1 Earnings Report On Monday
EV giant Tesla, Inc. is scheduled to release its first-quarter results Monday, after the market close.Key Q1 Metrics to Watch For: Tesla is expected to report non-GAAP earnings per share, or EPS, of 79 cents in the first quarter of 2021, up sharply from 23 cents in the year-ago quarter.The consensus revenue forecast for the quarter is at $10.29 billion, up 72% year-over-year.Focus On Regulatory Credits, Automotive Margins: The focus is likely to be on regulatory credits, which accounted for 4
Margins in focus after unusual quarter and China factory ramp.Robo-taxi situation still unclear as autopilot data weakens.All eyes will be on electric vehicle maker Tesla next Monday as the company reports earnings after the bell. There is the potential for this to be a very noisy quarterly report given what happened throughout the quarter, so we could be in store for a lot of one-time items. With the stock having rebounded a bit in recent weeks, investors are looking for significant signs of p