Apple (NASDAQ:AAPL): Data on global smartphone shipments indicated that they grew 47 percent during the second quarter year-over-year to 230 million units by Strategy Analytics estimates. Smartphones accounted for 59 percent of all phone sales, and Apple’s 31.2 million devices sold to a 20 percent gain, though its market share in the smartphone business slid to 13.6 percent.
US Airways Group Inc. (NYSE:LCC): American Airlines and US Airways are planning a bundle of concessions for an upcoming meeting with the Department of Justice in order to ensure that their merger goes through smoothly. Already on the table is their offer to forfeit slots at London’s Heathrow Airport in an effort to win over regulators in the U.K.
Tesla Motors (NASDAQ:TSLA): Tesla has “only just begun,” according to Deutsche Bank, which slapped a $160 price target on shares of the electric vehicle maker, along with an upgrade to Buy. The firm believes that sustained demand for the Model S and the company’s pipeline, along with the its competitive advantage over other EV sellers, will help the company one day achieve more-than-comfortable 20 percent margins in its operations.
Weyerhaeuser Co. (NYSE:WY): Second-quarter earnings per share of 35 cents beat expectations by 5 cents on revenue of $2.1 billion. Net profit more than doubled to settle at $196 million, and excluding special items nearly quadrupled over last year. Net sales grew 19.6 percent to $2.14 billion, making for the highest sales figure since 2008. The company’s gross margin widened to 22.3 percent from 15.4 percent despite an increase in input costs.
Expedia (NASDAQ:EXPE): A substantial earnings miss and a shortfall on revenue has driven shares of Expedia down significantly, more than 25 percent. CEO Dara Khosrowshahi said May’s Hotwire sale cost more than it recovered in revenue, and added that TripAdvisor and Booking.com weighed heavily on the company’s results. However, Trivago put on 80 percent year-over-year growth, giving Expedia’s overall performance an 11 percent boost for sales and marketing.