Nikola (NASDAQ:NKLA) reported its Q1 earnings results on Tuesday, May 9, 2023 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
Nikola reported in-line EPS of $-0.26 versus an estimate of $-0.26.
Revenue was up $9.23 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06 which was followed by a 0.91% increase in the share price the next day.
Here's a look at Nikola's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.43 | -0.39 | -0.28 | -0.27 |
| EPS Actual | -0.37 | -0.28 | -0.25 | -0.21 |
| Revenue Estimate | 32.13M | 22.14M | 16.46M | 150K |
| Revenue Actual | 6.56M | 24.24M | 18.13M | 1.89M |
To track all earnings releases for Nikola visit their earnings calendar here.
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