Nikola Q2 2024 Adj. EPS $(2.67) Beats $(2.78) Estimate, Sales $31.319M Beat $24.671M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nikola (NASDAQ:NKLA) reported Q2 2024 adjusted EPS of $(2.67), beating the estimate of $(2.78). Sales were $31.319M, surpassing the $24.671M estimate and showing a 103.87% increase from the same period last year.
August 09, 2024 | 1:07 pm
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Nikola reported better-than-expected Q2 2024 results with an adjusted EPS of $(2.67) beating the $(2.78) estimate and sales of $31.319M surpassing the $24.671M estimate. Sales increased by 103.87% YoY.
Nikola's better-than-expected earnings and significant YoY sales growth are likely to positively impact its stock price in the short term. Beating both EPS and sales estimates indicates strong performance and could boost investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100