CORRECTION: Nikola Q4 EPS $(0.11) Beats $(0.13) Estimate, Sales $11.53M Miss $12.64M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nikola Corporation (NASDAQ:NKLA) reported Q4 earnings with a per-share loss of $0.11, surpassing the expected $0.13 loss, marking a 70.27% improvement year-over-year. However, their $11.53M in sales fell short of the $12.64M forecast, despite a 75.71% increase from the previous year.
February 22, 2024 | 3:16 pm
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NEUTRAL IMPACT
Nikola Corporation reported better-than-expected Q4 EPS but missed sales estimates, showing both improvement and challenges in its financial performance.
The better-than-expected EPS could be seen positively by investors, indicating operational improvements and cost management. However, the miss on sales forecasts could raise concerns about demand and revenue growth. The mixed results make the short-term stock price direction uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100