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Tesla Earnings, Revenue Beat in Q1 -Breaking

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© Reuters. Tesla beats revenue in Q1

On Wednesday, Investing.com reported that Tesla (NASDAQ) had reported a first quarter revenue surpassing analysts’ expectations.

Tesla reported earnings per share at $3.22 on $18.76B in revenue. Investing.com polled analysts and predicted EPS at $2.24 on $17.63B revenue.

Tesla shares rose 12% over the first year. However, they are down 21.41% from their 52 week peak of $1,243.49 on November 4, 2021. They are outperforming the S&P 500 which is down 6.44% from the start of the year.

After-hours trading saw Tesla share gains of 4.64% following the release.

Tesla’s earnings are in line with other Consumer Discretionary sectors this month

The report by Tesla follows BYD-ADR’s March 29 earnings miss, which reported an EPS figure of $0.0661 for revenue of $11.18B. This compares to the forecasts of EPS at $0.2333 for revenue of $6.72B.

Lululemon Athletica beat all expectations with fourth-quarter EPS at $3.37 on $2.13B in revenue, as compared to the forecast of EPS at $3.27 for $2.13B.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar

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