Groupon, Tesla lead the charge: Investors cheered strong earnings from Groupon and Tesla.
Groupon(GRPN) surged after the daily deals site posted strong sales and announced a $300 million share-buyback program. The rally bumped Groupon's market valuation to $7 billion, well above the benchmark $6 billion figure that Google(GOOG) reportedly offered for the company in 2011.
But Solar City(SCTY), which is chaired by Tesla CEO Elon Musk, reported a wider loss than analysts had expected. The stock tumbled on the news. But one trader still expressed support for all things Elon Musk.
rayinla: $SCTY testing 50dsma and still holding, while $TSLA trending slowly. Will there ever be a space-X IPO? Bullish
Green Mountain Coffee Roasters(GMCR) shares fell following quarterly sales figures that missed expectations.
Green Mountain stock still has some jolt
But the news from Green Mountain was not all bad. It's earnings beat expectations and some investors were hopeful the stock price would rebound.
MistraKnowItAwl: This is beauty. Churning upwards, through the Shorts... / "WorkDayTrader: $GMCR like watching paint dry... Go up!"
T-Mobile(TMUS) topped revenue forecasts and said it had a net addition of 1.1 million customers during the quarter. Apollo Global Management(APO) swung to a quarterly profit and
Priceline.com(PCLN) rose in after-hours trading after the company released earnings that beat expectations. The stock is set to move even closer to $1,000. Shares were trading around $970 after the closing bell. And shares of Priceline competitor Orbitz(OWW) soared more than 35% after it reported solid earnings.