Tesla Slumps, Booz Allen Surges on Earnings; Intel, Tenet, SAP Also Move on Results

According to CNBC, shares of Tesla fell more than 3% Friday and were headed for a nearly 19% weekly decline after the company signaled higher artificial intelligence spending. Booz Allen Hamilton jumped 12% after fiscal first-quarter adjusted earnings of $1.81 per share topped FactSet's $1.48 estimate, while Digital Realty Trust surged 15% after second-quarter earnings and revenue beat forecasts and the company raised full-year earnings guidance. Other notable moves included C.H. Robinson Worldwide, which dropped 8% after a Dallas County, Texas jury issued an advisory verdict against the company and two other defendants in a trucking accident case involving an independent motor carrier, awarding $604 million in compensatory damages. Intel fell 4% even after reporting second-quarter revenue of $16.1 billion, up 25% from a year earlier, and adjusted earnings of 42 cents per share that beat expectations. Tenet Healthcare rose more than 16% after posting second-quarter adjusted earnings of $6.12 per share and revenue that both beat estimates, while SAP gained 8% after cloud backlog increased 27% year over year to 22.9 billion euros and revenue came in at 9.88 billion euros. American Express slipped 5% after missing second-quarter revenue estimates, and Verizon Communications rose 3% after reporting an earnings beat, a revenue miss and full-year guidance above expectations.