Earnings reports are expected after the closing bell Wednesday from Microsoft, Meta Platforms, and Tesla.
Tesla was down 1.6%. Shares of the electric-vehicle maker rose 0.2% on Tuesday, snapping a losing streak of five consecutive sessions. The company, led by CEO Elon Musk, is expected by analysts after the closing bell Wednesday to reportfourth-quarter earningsof 75 cents a share, operating profit of $2.7 billion, and sales of $27.2 billion. A year earlier, Tesla reported earnings of 71 cents a share, operating profit of $2.1 billion, and sales of $25.2 billion.
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Microsoft fell 1.4% with the software giant scheduled to reportfiscal second-quarter earningsafter the close of trading Wednesday. Analysts expect Microsoft to report earnings of $3.11 a share on revenue of $68.9 billion, compared with year-earlier profit of $2.93 a share on revenue of $62 billion. The company’s massive spending on AI will be a focus for investors, particularly after the DeepSeek developments.
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Meta Platforms, the parent company of Facebook and Instagram, will be postingfourth-quarter earningsafter the stock market closes. While the numbers will be closely watched, investors also will want to know CEO Mark Zuckerberg’s thoughts on DeepSeek’s AI model and whether Meta’s aggressive 2025 capital program remains warranted. Shares of Meta declined 0.6%.
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