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Nikola Corporation Q1 Loss Decreases, but misses estimates

Nikola Corporation (NKLA) revealed Loss for its first quarter that increased from the same period last year and missed the Street estimates.

The company's bottom line came in at -$152.94 million, or -$0.37 per share. This compares with -$120.22 million, or -$0.31 per share, in last year's first quarter.

Excluding items, Nikola Corporation reported adjusted earnings of -$85.29 million or -$0.21 per share for the period.

Analysts on average had expected the company to earn $0.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Nikola Corporation earnings at a glance (GAAP) :

-Earnings (Q1): -$152.94 Mln. vs. -$120.22 Mln. last year.
-EPS (Q1): -$0.37 vs. -$0.31 last year.
-Analyst Estimate: $0.27

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