Stock Movers

Closing Bell: Sandisk Surges, Western Digital Rises, Tesla Slumps


Listen Later

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.

- Tesla (TSLA) European sales slump carried over into the new year, with registrations plummeting in two of the region’s leading markets for battery-electric vehicles. The carmaker’s French sales fell 42% last month to just 661 cars, the lowest in more than three years, the country’s auto association known as PFA said Sunday. In Norway — a lonely market in Europe where Tesla fared well last year — registrations plunged 88% in January.

- Sandisk (SNDK) reported adjusted earnings per share of $6.20, significantly beating the consensus estimate of $3.12, alongside revenue of $3.02 billion, which also surpassed expectations of $2.59 billion. The company highlighted a remarkable 64% sequential increase in datacenter revenue, driven by strong demand from AI infrastructure builders and technology companies.

- Western Digital (WDC) posted adjusted earnings of $2.13 a share for its fiscal second quarter, surpassing analysts' consensus estimates of $1.93, with revenue totaling $3.02 billion.

See omnystudio.com/listener for privacy information.

...more
View all episodesView all episodes
Download on the App Store

Stock MoversBy iHeartPodcasts

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

19 ratings


More shows like Stock Movers

View all
Bloomberg Intelligence by Bloomberg

Bloomberg Intelligence

410 Listeners

Bloomberg Surveillance by Bloomberg

Bloomberg Surveillance

1,182 Listeners

Masters in Business by Bloomberg

Masters in Business

2,191 Listeners

Odd Lots by Bloomberg

Odd Lots

1,995 Listeners

Bloomberg Businessweek by Bloomberg

Bloomberg Businessweek

428 Listeners

Wall Street Breakfast by Seeking Alpha

Wall Street Breakfast

1,037 Listeners

Thoughts on the Market by Morgan Stanley

Thoughts on the Market

1,314 Listeners

Here's Why by Bloomberg

Here's Why

65 Listeners

Wall Street Week by Bloomberg

Wall Street Week

63 Listeners

The Big Take by Bloomberg

The Big Take

154 Listeners

Bloomberg Daybreak: US Edition by Bloomberg

Bloomberg Daybreak: US Edition

85 Listeners

The Markets by Goldman Sachs

The Markets

86 Listeners

Bloomberg News Now by Bloomberg

Bloomberg News Now

78 Listeners

Bloomberg Daybreak: Asia Edition by Bloomberg

Bloomberg Daybreak: Asia Edition

8 Listeners

Bloomberg Daybreak: Europe Edition by Bloomberg

Bloomberg Daybreak: Europe Edition

9 Listeners