© Reuters. Tesla earnings beat, sales missing in the first quarter
Investing.com – Tesla (NASDAQ 🙂 reported Wednesday that analyst forecasts and sales were below expectations.
Tesla announced earnings per share of $ 0.81 on sales of $ 10.15 billion. Analysts polled by Investing.com expected earnings per share of $ 0.7095 on sales of $ 10.21 billion.
Tesla stock is down 4% year-to-date, down 24.79% after hitting a 52-week high of $ 900.13 on Jan. 25. It underperformed the Nasdaq, which is up 7.85% since the start of the year.
Tesla follows other key results in the consumer discretionary sector this month
Tesla's report follows a jump in earnings from Nike on March 18, which reported earnings per share of $ 0.9 on sales of $ 10.36 billion, compared with earnings per share of $ 0.7635 on sales of 11 $ .01 billion.
Volkswagen 10 Pref ADR was in line with expectations on March 16, with earnings per share of $ 1.65 on revenue of $ 80.17 billion for the first quarter, compared to a forecast for earnings per share of $ 1.65 on sales of $ 80.17 billion.
Stay up to date on all upcoming earnings reports by visiting Investing.com's earnings calendar
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