Tesla Earnings, Revenue Beat in Q1
2022.04.21 00:02
Tesla Earnings, Revenue Beat in Q1
Investing.com – Tesla (NASDAQ:TSLA) reported on Wednesday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Tesla announced earnings per share of $3.22 on revenue of $18.76B. Analysts polled by Investing.com anticipated EPS of $2.24 on revenue of $17.63B.
Tesla shares are up 12% from the beginning of the year, still down 21.41% from its 52 week high of $1,243.49 set on November 4, 2021. They are outperforming the S&P 500 which is down 6.44% from the start of the year.
Tesla shares gained 4.64% in after-hours trade following the report.
Tesla follows other major Consumer Discretionary sector earnings this month
Tesla’s report follows an earnings missed by BYD ADR on March 29, who reported EPS of $0.0661 on revenue of $11.18B, compared to forecasts EPS of $0.2333 on revenue of $6.72B.
Lululemon Athletica had beat expectations on March 29 with fourth quarter EPS of $3.37 on revenue of $2.13B, compared to forecast for EPS of $3.27 on revenue of $2.13B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
