Tesla Beats Q3 Adjusted EPS Estimates as Revenue Misses Forecast
Photo: TokenPost
Tesla posted a third-quarter adjusted earnings beat after the U.S. market closed Oct. 21, but revenue fell short of its analyst benchmark and automotive revenue declined year over year. The automaker recorded diluted non-GAAP earnings of 48 cents a share for the quarter ended Sept. 30, versus a 45-cent average from 23 analyst estimates. Revenue totaled $28.046 billion, flat from a year earlier and below the $28.341 billion average estimate. Automotive revenue slid 3% to $20.560 billion. Net income attributable to common stockholders fell 43% to $787 million.
Source: TokenPost
