Investing.com - Tesla reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Tesla announced earnings per share of $2.14 on revenue of $7.38B. Analysts polled by Investing.com anticipated EPS of $1.64 on revenue of $6.95B. That with comparison to EPS of $1.93 on revenue of $7.23B in the same period a year before.Tesla had reported EPS of $1.86 on revenue of $6.3B in the previous quarter.Analysts are expecting EPS of $0.82 and revenue of $6.63B in the upcoming quarter.
Tesla shares are up 38% from the beginning of the year and are trading at $590.00 , down-from-52-week-high.They are outperforming the Nasdaq which is up 2.61% year to date.
Tesla shares gained 1.56% in after-hours trade the report.
Tesla follows other major Consumer Cyclical sector earnings this month
Tesla's report follows an earnings beat by VF on January 23, who reported EPS of $1.23 on revenue of $3.38B, compared to forecasts EPS of $1.10 on revenue of $3,872M.
PACCAR had beat expectations on Tuesday with fourth quarter EPS of $1.53 on revenue of $5.71B, compared to forecast for EPS of $1.51 on revenue of $5.58B.
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