These 3 Quarterly Reports Positively Shocked Investors: TSLA, MU, ANET

TSLA

Tesla reported a record-breaking quarter, with revenue rising 56% year-over-year to $24.3 billion. The company's profit was $11.2 billion, up 128% from the same period last year. Tesla's strong results were driven by the success of its Model 3 and Model Y vehicles. The company also benefited from higher sales of its energy storage products.

Key Takeaways:

- Tesla's revenue rose 56% year-over-year to $24.3 billion. - The company's profit was $11.2 billion, up 128% from the same period last year. - Tesla's strong results were driven by the success of its Model 3 and Model Y vehicles.

MU

Micron Technology also reported a strong quarter, with revenue rising 33% year-over-year to $8.6 billion. The company's profit was $2.7 billion, up 115% from the same period last year. Micron's strong results were driven by the increasing demand for memory chips. The company also benefited from the rising price of memory chips.

Key Takeaways:

- Micron's revenue rose 33% year-over-year to $8.6 billion. - The company's profit was $2.7 billion, up 115% from the same period last year. - Micron's strong results were driven by the increasing demand for memory chips.

ANET

Arista Networks reported a solid quarter, with revenue rising 16% year-over-year to $1.1 billion. The company's profit was $242 million, up 19% from the same period last year. Arista's strong results were driven by the increasing demand for its networking products. The company also benefited from the rising price of networking equipment.

Key Takeaways:

- Arista's revenue rose 16% year-over-year to $1.1 billion. - The company's profit was $242 million, up 19% from the same period last year. - Arista's strong results were driven by the increasing demand for its networking products.