Tesla Earnings Beat, Revenue Misses In Q2
2022.07.20 23:42
Tesla Earnings Beat, Revenue Misses In Q2
Investing.com – Tesla (NASDAQ:TSLA) reported on Wednesday second quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.
Tesla announced earnings per share of $2.27 on revenue of $14.6B. Analysts polled by Investing.com anticipated EPS of $1.86 on revenue of $16.52B.
Tesla shares are down 29% from the beginning of the year, still down 40.29% from its 52 week high of $1,243.49 set on November 4, 2021. They are under-performing the S&P 500 which is down 16.92% from the start of the year.
Tesla shares gained 3.33% in after-hours trade following the report.
Tesla follows other major Consumer Discretionary sector earnings this month
Tesla’s report follows an earnings beat by Nike on June 27, who reported EPS of $0.9 on revenue of $12.23B, compared to forecasts EPS of $0.8015 on revenue of $12.06B.
Fast Retailing ADR had beat expectations on July 14 with second quarter EPS of $0.6426 on revenue of $3.94B, compared to forecast for EPS of $0.2985 on revenue of $3.95B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
