Tesla Q3 Adj. EPS $0.66 Misses $0.73 Estimate, Sales $23.35B Miss $24.38B Estimate
Portfolio Pulse from Benzinga Newsdesk
Tesla reported Q3 earnings of $0.66 per share, missing the analyst consensus estimate of $0.73 by 9.59%. This is a 37.14% decrease from the same period last year. The company also reported quarterly sales of $23.35 billion, missing the estimate of $24.38 billion by 4.23%. However, this is an 8.84% increase from the same period last year.
October 18, 2023 | 8:07 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Tesla's Q3 earnings and sales missed estimates, which could negatively impact the stock price in the short term.
Tesla's earnings and sales missed analyst estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the stock price in the short term. However, the company did see an increase in sales compared to the same period last year, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100