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Tesla Earnings, Revenue Beat in Q3 -Breaking

by Mike Robinson

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© Reuters. Tesla Earnings, Revenue Beat in Q3

Investing.com – Tesla (NASDAQ:) reported on Wednesday third quarter that beat analysts’ forecasts and revenue that topped expectations.

Tesla announced earnings per share of $1.86 on revenue of $13.76B. Analysts polled by Investing.com anticipated EPS of $1.52 on revenue of $13.57B.

Tesla shares are up 22% from the beginning of the year, still down 3.85% from its 52 week high of $900.40 set on January 25. They are outperforming the which is up 19.4% from the start of the year.

Tesla shares gained 0.84% in after-hours trade following the report.

Tesla follows other major Consumer Cyclical sector earnings this month

Tesla’s report follows an earnings beat by Nike on September 23, who reported EPS of $1.16 on revenue of $12.25B, compared to forecasts EPS of $1.12 on revenue of $12.47B.

AutoZone had beat expectations on September 21 with fourth quarter EPS of $35.72 on revenue of $4.91B, compared to forecast for EPS of $29.68 on revenue of $4.57B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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