Company news from June 6, 2022

  • Shares of Tesla, Inc. TSLA fell 9.2% after CEO Elon Musk told company executives to ‘suspend all global hiring’ and ordered a 10% reduction in total workforce employees.
  • RH shares of RH gained 0.9% after the company reported earnings of $7.78 per share in the first quarter of fiscal 2022, beating Zacks consensus estimate of $5.46 per share .
  • Okta, Inc. OKTA shares jumped 5% after the company reported a loss of $0.27 per share in the first quarter of fiscal 2022, narrower than the Zacks consensus estimate of a loss of $0.34 per share.
  • COO shares of Cooper Companies, Inc. fell 3% after the company reported adjusted earnings of $3.24 per share in the second quarter of fiscal 2022, missing the Zacks consensus estimate of 3 $.41 per share.

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

Karen J. Nelson