EV Maker Nikola Beats Revenue Estimates on Higher Semi-Truck Deliveries

17
1
Favorite

EV Maker Nikola Beats Revenue Estimates on Higher Semi-Truck Deliveries

Reuters2022-11-03

Nov 3 (Reuters) - Nikola Corp beat Wall Street expectation for third-quarter revenue on Thursday as it delivered more electric semi-trucks to dealers.

The company produced 75 vehicles in the quarter compared with estimates of 70 units, according to Visible Alpha, and has been benefiting from a shift to electric trucks by logistic companies looking to cut ownership costs and meet sustainability goals.

The electric-truck maker is also looking to capitalize on the recently passed Inflation Reduction Act to lower costs across its electric-truck manufacturing and hydrogen energy businesses.

Net loss narrowed to $236.2 million, or 54 cents per share, in the quarter ended Sept. 30, compared with $267.57 million, or 68 cents per share, a year earlier.

Revenue for the quarter stood at $24.2 million, beating estimates of $22.1 million, according to Refinitiv data.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（1）

Zivcheah
·2022-11-03
O
Reply
2
Report
Fold Replies
- Zivcheah:
  O
  2022-11-03
  Reply
  Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2280736592?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-11-03 21:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2280736592","market":"us","top_or_hot":-1,"title":"EV Maker Nikola Beats Revenue Estimates on Higher Semi-Truck Deliveries","media":"Reuters","content":"<html><head></head><body><p>Nov 3 (Reuters) - <a href=\"https://laohu8.com/S/NKLA\">Nikola Corp</a> beat Wall Street expectation for third-quarter revenue on Thursday as it delivered more electric semi-trucks to dealers.</p><p>The company produced 75 vehicles in the quarter compared with estimates of 70 units, according to Visible Alpha, and has been benefiting from a shift to electric trucks by logistic companies looking to cut ownership costs and meet sustainability goals.</p><p>The electric-truck maker is also looking to capitalize on the recently passed Inflation Reduction Act to lower costs across its electric-truck manufacturing and hydrogen energy businesses.</p><p>Net loss narrowed to $236.2 million, or 54 cents per share, in the quarter ended Sept. 30, compared with $267.57 million, or 68 cents per share, a year earlier.</p><p>Revenue for the quarter stood at $24.2 million, beating estimates of $22.1 million, according to Refinitiv data.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Maker Nikola Beats Revenue Estimates on Higher Semi-Truck Deliveries</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Maker Nikola Beats Revenue Estimates on Higher Semi-Truck Deliveries\n</h2>\n\n<h4 class=\"meta\">\n\n2022-11-03 21:17 北京时间&nbsp;&nbsp;&nbsp;<strong>Reuters</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nov 3 (Reuters) - Nikola Corp beat Wall Street expectation for third-quarter revenue on Thursday as it delivered more electric semi-trucks to dealers.The company produced 75 vehicles in the quarter ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"","article_id":"2280736592","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2280736592","pubTimestamp":1667481428,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"Nov 3 (Reuters) - Nikola Corp beat Wall Street expectation for third-quarter revenue on Thursday as ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"电动汽车制造商Nikola的半卡车交付量高于预期","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Nov 3 (Reuters) - Nikola Corp beat Wall Street expectation for third-quarter revenue on Thursday as it delivered more electric semi-trucks to dealers.The company produced 75 vehicles in the quarter compared with estimates of 70 units, according to Visible Alpha, and has been benefiting from a shift to electric trucks by logistic companies looking to cut ownership costs and meet sustainability goals.The electric-truck maker is also looking to capitalize on the recently passed Inflation Reduction Act to lower costs across its electric-truck manufacturing and hydrogen energy businesses.Net loss narrowed to $236.2 million, or 54 cents per share, in the quarter ended Sept. 30, compared with $267.57 million, or 68 cents per share, a year earlier.Revenue for the quarter stood at $24.2 million, beating estimates of $22.1 million, according to Refinitiv data.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9984099827,"gmtCreate":1667482918969,"gmtModify":1676537925402,"author":{"id":"3582538202393061","authorId":"3582538202393061","name":"Zivcheah","avatar":"https://static.tigerbbs.com/d52882be9b594ebb5b5933851792d286","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582538202393061","authorIdStr":"3582538202393061"},"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9984099827","repostId":2280736592,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104643717,"gmtCreate":1667482923960,"gmtModify":1667482938031,"authorId":3582538202393061,"author":{"id":3582538202393061,"idStr":"3582538202393061","authorId":3582538202393061,"name":"Zivcheah","avatar":"https://static.tigerbbs.com/d52882be9b594ebb5b5933851792d286","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9984099827,"type":1,"supId":0,"prevId":0,"content":"<u>O</u>","text":"<u>O</u>","html":"<u>O</u>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":17,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}