Tesla Inc (NASDAQ:TSLA) swung between gains and losses as it emerged that the Securities and Exchange Commission had asked a judge to hold CEO Elon Musk in contempt for violating a settlement requiring him to obtain company approval before communicating with investors. The SEC cited an "inaccurate" tweet on February 19 about production, Bloomberg reported.
Shares slipped 0.3% to $297.86 after edging higher.
AutoZone Inc (NYSE:AZO) gained after the auto parts supplier reported better-than-expected second-quarter results. For the 12 weeks ended February 9, the Memphis, Tennessee, company posted diluted earnings per share of $11.49 on net sales of $2.5 billion. The average estimate of economists was for earnings per share of $9.96 on revenue of $2.45 billion.
The stock advanced 5.2% to $935 in New York trading.
Etsy Inc (NASDAQ:ETSY) surged as the online craft group announced strong sales during the holiday season. The company’s fourth-quarter revenue came in at about $200 million, up 47% from a year earlier. Earnings per share was $0.32, while Wall Street analysts had expected $0.21.
Shares increased 16% to $68.65.
Home Depot Inc (NYSE:HD) slid as the DIY retailer reported earnings and sales for the fourth quarter that missed analysts' expectations and issued a weaker-than-expected outlook for 2019. While revenue for the three months added nearly 11% from a year earlier to $26.49 billion, it fell short of the $26.57 billion average estimate of analysts.
The shares shed 0.9% to $186.30.
Caterpillar Inc (NYSE:CAT) lost ground as the machinery behemoth received a downgrade from Swiss bank UBS. The bank cut the rating to Sell from Buy and slashed its 12-month price target to $125 from $154 a share.
The stock fell in New York 0.2% to $137.98.
Tenet Healthcare Corp (NYSE:THC) saw shares rocket after the Dallas-based health services group posted fourth-quarter numbers that showed a net loss but beat analysts' estimates on an adjusted basis.
The stock zoomed up 11% to $26.94 in New York.
JM Smucker Co (NYSE:SJM) surged as the foods company reported third-quarter earnings and sales that beat expectations. Excluding non-recurring items, adjusted earnings per share came in at $2.26, above the consensus of $2.01. Sales rose 6% to $2.01 billion, against estimates of $1.99 billion
The shares added 5% to $106.09.
Contact Dennis Fitzgerald at [email protected]