Nikola Q2 EPS $(0.20) Beats $(0.22) Estimate, Sales $15.36M Miss $15.43M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nikola Corporation reported Q2 earnings per share (EPS) of $(0.20), beating the analyst consensus estimate of $(0.22) by 9.09%. However, the company's quarterly sales of $15.36 million missed the estimate of $15.43 million by 0.44%. Compared to the same period last year, the EPS improved by 20% while sales decreased by 15.29%.
August 04, 2023 | 3:16 pm
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Nikola's Q2 results showed mixed performance with better-than-expected EPS but lower-than-expected sales. While the EPS improved YoY, sales decreased.
Nikola's Q2 results showed a mixed performance. The EPS beat estimates, which could be seen as a positive sign of cost management and could potentially boost the stock. However, the missed sales estimate and the YoY decrease in sales could negatively impact the stock as it indicates lower revenue generation. The net effect could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100