The third-quarter report “hardly puts to rest the long-term growth concerns that have swirled around the IT hardware giant for some time."
With CEO Musk now abandoning the idea of taking Tesla private, some analysts are questioning his credibility.
Same-store sales rose only 0.5% but the company remains confident it will deliver stronger growth in the second half of 2018.
"I think consistently now we've demonstrated that we've turned around our desktop business," CEO Dion Weisler says.
“Our financial outlook is as positive as it has ever been,” says CFO Greg Lewis.
The retailer's e-commerce revenue increased 8.9% in the second quarter and the channel accounted for 53.9% of total sales.
The retailer benefited in Q2 from the closures of rival department stores and its efforts to downsize its own locations.
“I'd like to see twice [a year]," he says after announcing he has asked the SEC to study changing the quarterly reporting requirement.
The chipmaker's cryptocurrency-mining business collapsed in the second quarter and it now expects a “negligible” revenue contribution in the…
U.S. same-store sales rose 4.5% — the best growth in more than a decade — amid a particularly strong performance in Walmart's grocery business.