Nikola Corporation Q4 Loss Decreases, beats estimates

Nikola Corporation (NKLA) reported Loss for its fourth quarter that increased from last year and missed the Street estimates.

The company's earnings came in at -$159.42 million, or -$0.39 per share. This compares with -$142.24 million, or -$0.38 per share, in last year's fourth quarter.

Excluding items, Nikola Corporation reported adjusted earnings of -$93.43 million or -$0.23 per share for the period.

Analysts on average had expected the company to earn -$0.32 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Nikola Corporation earnings at a glance (GAAP) :

-Earnings (Q4): -$159.42 Mln. vs. -$142.24 Mln. last year.
-EPS (Q4): -$0.39 vs. -$0.38 last year.
-Analyst Estimate: -$0.32

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