logo
  

Nikola Posts Wider Adj. Loss In Q1 - Quick Facts

Nikola Corporation (NKLA) reported a first quarter non-GAAP net loss per share of $0.14 compared to a loss of $0.12, prior year. On average, seven analysts polled by Thomson Reuters expected the company to report a loss per share of $0.27, for the quarter. Analysts' estimates typically exclude special items.

First quarter net loss widened to $120.2 million or $0.31 per share from a loss of $33.2 million or $0.12 per share, last year.

"During the first quarter Nikola continued to deliver on our previously communicated milestones and execute on our business plan," said Mark Russell, Nikola's Chief Executive Officer.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
American Airlines canceled hundreds of flights this weekend and plans to cut more through at least mid-July due to bad weather and staffing shortages, multiple reports said. The shortage of flights come as demand is increasing heavily in the United States with reducing coronavirus cases benefited mainly by increased vaccination. Chinese HR firm 51job, Inc. (JOBS) announced Monday that it has entered into a definitive Agreement and Plan of Merger with Garnet Faith Limited, pursuant to which, and subject to the terms and conditions thereof, Garnet Faith will merge with and into 51job, with 51job being the surviving company, in... Priceline, affiliated to Booking Holdings Inc., is launching Fourth of July Freedom sale with bigger savings on flights, hotels and rental cars for the upcoming summer travel season. The company, which offers exclusive discounts on hotels, flights, alternative accommodations, rental cars, cruises and packages, said the two-week Freedom Sale will feature special discounts and promotions.
RELATED NEWS
Follow RTT