Nikola: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Nikola (NASDAQ:NKLA) reported Q4 earnings, beating estimated earnings by 15.38% with an EPS of $-0.11 versus an estimate of $-0.13. Revenue increased by $4.97 million from the same period last year. In the previous quarter, Nikola missed EPS estimates which led to a 1.72% drop in share price the following day.
February 22, 2024 | 2:15 pm
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POSITIVE IMPACT
Nikola beat Q4 earnings estimates with an EPS of $-0.11, surpassing the expected $-0.13, and reported a revenue increase of $4.97 million from the previous year.
Nikola's positive earnings surprise and revenue increase are likely to instill investor confidence and could lead to a short-term uptick in stock price, especially considering the previous quarter's miss led to a stock price drop.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100