Earnings Report

The electric car company burned through less cash than expected in the second quarter.

The Latest on Tesla Inc.'s second-quarter results (all times local): 1:15 p.m. Tesla burned through $739.5 million in cash last quarter as it geared up a factory to crank out more electric cars, leading to a $717.5 million net loss.

Sports carmaker Ferrari saw an 18 percent rise in second-quarter profits as deliveries continued to grow.

Sprint Corp. (S) on Wednesday reported fiscal first-quarter profit of $176 million.

Italian bank Intesa SanPaolo says its second-quarter profit dipped as trading earnings fell and interest income was flat.

Chesapeake Energy Corp. (CHK) on Wednesday reported a second-quarter loss of $40 million, after reporting a profit in the same period a year earlier.

Humana Inc. (HUM) on Wednesday reported second-quarter profit of $193 million.

Restaurant Brands International (QSR) on Wednesday reported second-quarter net income of $167.6 million.

Molson Coors Brewing Co. (TAP) on Wednesday reported second-quarter earnings of $424.1 million.

AutoNation Inc. (AN) on Wednesday reported second-quarter earnings of $97.6 million.

Volkswagen warned that sticking to its financial targets will be a challenge.

Analysts are closely watching the electric car company’s progress in ramping up Model 3 production.

Apple made more money from higher priced iPhones in the latest quarter, even as unit sales were relatively unchanged.

The tech giant benefited from higher iPhone prices and record revenue from services like the App Store.